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題名 Credit Market Development and Economic Growth
作者 洪福聲
Hung, Fu-Sheng
Cothren, Richard
貢獻者 經濟系
關鍵詞 Credit markets; GrowthAsymmetric; information
日期 2002-04
上傳時間 21-Nov-2018 16:11:30 (UTC+8)
摘要 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.
關聯 Journal of Economics and Business, 54, pp.219-237
資料類型 article
DOI https://doi.org/10.1016/S0148-6195(01)00063-7
dc.contributor 經濟系
dc.creator (作者) 洪福聲
dc.creator (作者) Hung, Fu-Sheng
dc.creator (作者) Cothren, Richard
dc.date (日期) 2002-04
dc.date.accessioned 21-Nov-2018 16:11:30 (UTC+8)-
dc.date.available 21-Nov-2018 16:11:30 (UTC+8)-
dc.date.issued (上傳時間) 21-Nov-2018 16:11:30 (UTC+8)-
dc.identifier.uri (URI) http://nccur.lib.nccu.edu.tw/handle/140.119/120960-
dc.description.abstract (摘要) 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.en_US
dc.format.extent 146977 bytes-
dc.format.mimetype application/pdf-
dc.relation (關聯) Journal of Economics and Business, 54, pp.219-237
dc.subject (關鍵詞) Credit markets; GrowthAsymmetric; informationen_US
dc.title (題名) Credit Market Development and Economic Growthen_US
dc.type (資料類型) article
dc.identifier.doi (DOI) 10.1016/S0148-6195(01)00063-7
dc.doi.uri (DOI) https://doi.org/10.1016/S0148-6195(01)00063-7