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https://ah.lib.nccu.edu.tw/handle/140.119/120962
題名: | Explaining the Nonlinear Effects of Financial Development on Economic Growth | 作者: | 洪福聲 Hung, Fu-Sheng |
貢獻者: | 經濟系 | 日期: | May-2009 | 上傳時間: | 21-Nov-2018 | 摘要: | Using different indicators of financial development, recent empirical studies have discovered various patterns of nonlinearity in the relationship between financial development and economic growth. By adding consumption loans, which are nonproductive, into a standard model of asymmetric information, this paper generates a model that is able to replicate all possible nonlinear finance-growth relationships found in recent empirical studies. | 關聯: | Journal of Economics, Vol. 97, No. 1, pp. 41-65 | 資料類型: | article |
Appears in Collections: | 期刊論文 |
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