DOES NONTRADED INPUT NECESSARILY DEEPEN THE INTERNATIONAL NON-DIVERSIFICATION PUZZLE-I - THE ONE-GOOD CASE

Authors
LEUNG CKY
Citation
Cky. Leung, DOES NONTRADED INPUT NECESSARILY DEEPEN THE INTERNATIONAL NON-DIVERSIFICATION PUZZLE-I - THE ONE-GOOD CASE, Economics letters, 49(3), 1995, pp. 281-285
Citations number
10
Categorie Soggetti
Economics
Journal title
Economics letters → ACNP
ISSN journal
01651765
Volume
49
Issue
3
Year of publication
1995
Pages
281 - 285
Database
ISI
SICI code
0165-1765(1995)49:3<281:DNINDT>2.0.ZU;2-6
Abstract
This paper shows that, with non-traded inputs and only one good, the o ptimal portfolio should contain a larger share of foreign assets than domestic. It deepens the international non-diversification puzzle.