A PEDAGOGICAL TOOL FOR ILLUSTRATING THE REAL IMPACT OF THE FINANCIAL SECTOR

We devise a simple way of incorporating the financial sector into a growth model that is useful pedagogically. Financial innovation raises the efficiency of financial intermediation, which facilitates capital accumulation. The model may be extended to include real R&D as a symbiotic source of endogenous growth.

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Year of publication:	2003
Authors:	Chou, Yuan K.
Institutions:	Department of Economics, Faculty of Business and Economics
Subject:	Financial innovations \| economic growth

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Extent:	application/pdf
Series:	Department of Economics - Working Papers Series.
Type of publication:	Book / Working Paper
Notes:	Number 888 8 pages
Classification:	G20 - Financial Institutions and Services. General ; O41 - One, Two, and Multisector Growth Models
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005750837