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This is the supplemental material to the paper titled "Distinguishing Constraints on Financial Inclusion and Their Impact on GDP, TFP, and The Distribution of Income." It includes additional theoretical and quantitative results. It also includes illustration for the numerical algorithm for our...
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A general equilibrium model featuring multiple realistic sources of financial frictions is developed to study how different constraints interact in equilibrium. We highlight, distinguish, and evaluate their differential impacts and rich interactions. The economic impact of financial inclusion...
Persistent link: https://www.econbiz.de/10012846881
A general equilibrium model featuring multiple realistic sources of financial frictions is developed to study how different constraints interact in equilibrium. We highlight, distinguish, and evaluate their differential impacts and rich interactions. The economic impact of financial inclusion...
Persistent link: https://www.econbiz.de/10013030631
This article explores the dynamics of market selection by investigating of the relationships linking productivity …, profitability, investment and growth, based on China's manufacturing firm-level dataset over the period 1998-2007. First, we find … that productivity variations, rather than relative levels, are the dominant productivity-related determinant of firm growth …
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an indicator of higher productivity, are likely to signal the presence of "High Road"-strategies. We then take a closer …
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