政大機構典藏-National Chengchi University Institutional Repository(NCCUR):Item 140.119/85310

政大機構典藏-National Chengchi University Institutional Repository(NCCUR):Item 140.119/85310

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政大典藏 > College of Commerce > Department of International Business > Theses > Item 140.119/85310

Please use this identifier to cite or link to this item: https://nccur.lib.nccu.edu.tw/handle/140.119/85310

Title:	非貿易財、交易成本與本國偏向資產持有之關係研究 Non-traded Goods, Transaction Costs, and Equity Home Bias Puzzle
Authors:	葉志揚 Yeh, Chih-Yang
Contributors:	林柏生葉志揚 Yeh, Chih-Yang
Keywords:	非貿易財交易成本本國偏向國際總經 non-traded goods transaction costs equity home bias puzzle Intranational macroeconomics
Date:	2001
Issue Date:	2016-04-18 16:24:42 (UTC+8)
Abstract:	The fact that people prefer to hold domestic equities than foreign ones is still a puzzle for most economists. Although many factors are seemed to be reasonable explanations, two factors, non-traded goods and transaction costs, are usually regarded as the main ones to explain the puzzle. In spite of their importance, the question of which factor has better ability of explaining the puzzle has been the central issue among economists for a long period. In this paper, we will not only try to clarify the issue by examining the role of each factor playing in the puzzle, but also attempt to find out the reasons of disagreements among economists. A modern intranational macroeconomics approach will also be adopted to verify the discussion in this paper. Without surprise, it seems that a model with transaction costs has better ability to explain the puzzle since it`s more general in classifying the tradability of goods.
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Description:	碩士國立政治大學國際經營與貿易學系 88351002
Source URI:	http://thesis.lib.nccu.edu.tw/record/#A2002001523
Data Type:	thesis
Appears in Collections:	[Department of International Business] Theses

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