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Title: Credit Market Development and Economic Growth
Authors: 洪福聲
Hung, Fu-Sheng
Cothren, Richard
Contributors: 經濟系
Keywords: Credit markets;GrowthAsymmetric;information
Date: 2002-04
Issue Date: 2018-11-21 16:11:30 (UTC+8)
Abstract: We develop an endogenous growth model in which both investment and consumption are financed through credit markets. Our innovation is to consider both credit markets jointly, showing how credit conditions in each are related, and why this interdependency is an important determinant of the economy’s growth rate. Results demonstrate that the relationship between credit market development and economic growth is ambiguous. The model is empirically relevant, as it can explain why the effect of credit market development on economic growth appears to differ between high-, middle-, and low-income countries.
Relation: Journal of Economics and Business, 54, pp.219-237
Data Type: article
DOI 連結:
Appears in Collections:[經濟學系] 期刊論文

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