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Title: Explaining the Nonlinear Effects of Financial Development on Economic Growth
Authors: 洪福聲
Hung, Fu-Sheng
Contributors: 經濟系
Date: 2009-05
Issue Date: 2018-11-21 16:12:34 (UTC+8)
Abstract: 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.
Relation: Journal of Economics, Vol. 97, No. 1, pp. 41-65
Data Type: article
Appears in Collections:[經濟學系] 期刊論文

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