A Two-Sector Growth Model with Credit Market Imperfections and Production Externalities

DOI HANDLE Web Site 参考文献21件 オープンアクセス

抄録

A two-sector dynamic general equilibrium model with financial constraints and production externalities is studied. Agents face idiosyncratic productivity shocks in each period. Agents who draw high productivity borrow resources in the financial market and become capital producers, whereas agents who draw low productivity become lenders. We analyze how the interaction between the extent of financial constraints and sector-specific production externalities affects the characterization of equilibria in a two-sector economy.

収録刊行物

参考文献 (21)*注記

もっと見る

関連プロジェクト

もっと見る

詳細情報 詳細情報について

問題の指摘

ページトップへ