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Technical progress, accumulation and financial constraints : is the productivity paradox really a paradox?

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Saraceno, Francesco - 2003

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Chapter 12 Finance and Growth: Theory and Evidence

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is not driving this relationship. Furthermore, theory and evidence imply that better developed financial systems ease …

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Entrepreneurs, technological choice and financial friction

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Financial innovation and endogenous growth

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Technology adoption, external financing frictions, and the cross sectional returns

Lin, Xiaoji; Palazzo, Berardino - 2015

A dynamic model featuring a stochastic technology frontier shows significant impact of technology adoption for asset prices. In equilibrium, firms operating with old capital are riskier because costly technology adoption restricts their flexibilities in upgrading to the latest technology, making...

Persistent link: https://www.econbiz.de/10010531879