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...

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...

In Kenya, there has been increased debate on the impact of minimum wage increases and pay disparities between sectors. Long-term differences in earnings across sectors and different regions (urban and rural) are reflected through higher poverty rates in rural areas, especially among wage...

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...

We develop a micro-founded general equilibrium model with heterogeneous agents and three dimensions of financial inclusion: access (determined by a participation cost), depth (determined by a borrowing constraint), and intermediation efficiency (determined by a monitoring cost). We find that the...

The government response in appropriating more resources, public health responses, social protection measures and virtual learning in Education have excluded persons at different levels. Failure of government to respond appropriately have led to additional costs which cannot be recovered hence...