Semi-Endogenous Versus Fully Endogenous Growth Theory: A Sectoral Approach
نویسندگان
چکیده
منابع مشابه
Sectoral bubbles, misallocation, and endogenous growth
Stock price bubbles are often on productive assets and occur in a sector of the economy. In addition, their occurrence is often accompanied by credit booms. Incorporating these features, we provide a two-sector endogenous growth model with credit-driven stock price bubbles. Bubbles have a credit easing effect in that they relax collateral constraints and improve investment efficiency. Sectoral ...
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ژورنال
عنوان ژورنال: Journal of Applied Economics
سال: 2014
ISSN: 1514-0326,1667-6726
DOI: 10.1016/s1514-0326(14)60001-5