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Financial Frictions and the Persistence of History : A Quantitative Exploration
Buera, Francisco J. - 2010
neoclassical growth model. Investment rates and total factor productivity start out low and rise over time. These model dynamics …
Persistent link: https://www.econbiz.de/10012462256
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Economic Growth with Bubbles
Martin, Alberto - 2010
We develop a stylized model of economic growth with bubbles. In this model, financial frictions lead to equilibrium dispersion in the rates of return to investment. During bubbly episodes, unproductive investors demand bubbles while productive investors supply them. Because of this, bubbly...
Persistent link: https://www.econbiz.de/10012462780
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Productivity Growth and Capital Flows : The Dynamics of Reforms
Buera, Francisco J. - 2009
heterogeneous producers and underdeveloped domestic financial markets to study the joint dynamics of total factor productivity (TFP …
Persistent link: https://www.econbiz.de/10012463383
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Finance and Development : A Tale of Two Sectors
Buera, Francisco J. - 2009
Income differences across countries primarily reflect differences in total factor productivity (TFP). More …
Persistent link: https://www.econbiz.de/10012463734
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Credit Rationing, Risk Aversion and Industrial Evolution in Developing Countries
Bond, Eric - 2008
that links these features of the business environment to cross-firm productivity distributions, entrepreneurs' welfare, and …
Persistent link: https://www.econbiz.de/10012464529
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How Does Foreign Direct Investment Promote Economic Growth? Exploring the Effects of Financial Markets on Linkages
Alfaro, Laura - 2006
The empirical literature finds mixed evidence on the existence of positive productivity externalities in the host … relative productivity of the foreign firm leads to higher additional growth in financially developed economies compared to …
Persistent link: https://www.econbiz.de/10012466143
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Exchange Rate Volatility and Productivity Growth : The Role of Financial Development
Aghion, Philippe - 2006
of productivity growth, but the effect depends critically on a country's level of financial development. For countries …
Persistent link: https://www.econbiz.de/10012466492
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Financial Market Imperfections and Productivity Growth
Greenwald, Bruce C. - 1989
This paper examines the impact of financial market imperfections on long-term productivity growth. It focuses on … of real investment. The paper examines separately situations in which productivity growth is driven by learning …
Persistent link: https://www.econbiz.de/10012476108
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Financial Frictions and Fluctuations in Volatility
Arellano, Cristina - 2016
. These features motivate us to build a model in which increased volatility of firm level productivity shocks generates a …
Persistent link: https://www.econbiz.de/10012455690
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The Portuguese Slump and Crash and the Euro Crisis
Reis, Ricardo - 2013
forward a model of credit frictions to show that if financial integration exceeds financial deepening, productivity will fall …
Persistent link: https://www.econbiz.de/10012459373