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Credit quantity and credit quality: Bank competition and capital accumulation

Cetorelli, Nicola; Peretto, Pietro F. - In: Journal of Economic Theory 147 (2012) 3, pp. 967-998

In this paper we show that bank competition has an intrinsically ambiguous impact on capital accumulation. We further show that it is also responsible for the emergence of development traps in economies that otherwise would be characterized by unique equilibria. These results explain the...

Persistent link: https://www.econbiz.de/10010572381

Knowledge-intensive business services and economic growth with endogenous market structure

Huang, Chien-Yu; Ji, Lei - In: Journal of Macroeconomics 38 (2013) PA, pp. 95-106

The Knowledge-Intensive Business Services (KIBS) sector has been growing in the US in the recent decades. KIBS are used to overcome the information friction between intermediate inputs and the input users that is generated by technology improvement. We use a Schumpeterian growth model with...

Persistent link: https://www.econbiz.de/10010875199

Big businesses and economic growth: Identifying a binding constraint for growth with country panel analysis

Lee, Keun; Kim, Byung-Yeon; Park, Young-Yoon; Sanidas, Elias - In: Journal of Comparative Economics 41 (2013) 2, pp. 561-582

A large body of qualitative studies on the positive role played by big businesses in promoting economic growth is widely available. However, any rigorous attempt to measure this impact has yet to be made. In this paper, we attempt to fill this gap by utilizing new and internationally comparable...

Persistent link: https://www.econbiz.de/10010666152

The Telecommunications Industry and Economic Growth: How the Market Structure Matters

Jerbashian, Vahagn - Institut for Miljø og Erhvervsøkonomi, Syddansk … - 2011

This paper presents an endogenous growth model where, in line with the recent empirical evidence, the telecommunications industry (telecom) is an engine of growth. In such a framework, this paper analyzes the channels through which telecom contributes to economic growth and focuses on market...

Persistent link: https://www.econbiz.de/10011123931

Ideas, increasing return to scale, and economic growth: an application for Iran

Farhidi, Faraz; Isfahani, Rahim; Emadzadeh, Mostafa - Volkswirtschaftliche Fakultät, … - 2015

Iran has experienced an increasing rate of economic growth during recent years. We need to explain the causes of this growth if we are to help maintain it. In this study, we try to calibrate and apply a model in the context of new growth models, based on Ideas derived from the Iranian economy....

Persistent link: https://www.econbiz.de/10011274902

Entrepreneurial talent and venture performance: A meta-analytic investigation of SMEs

Mayer-Haug, Katrin; Read, Stuart; Brinckmann, Jan; Dew, … - In: Research Policy 42 (2013) 6, pp. 1251-1273

engines of economic activity. A significant body of research looking at antecedents to venture performance has identified that … entrepreneurial talent variables account for meaningful differences in venture performance and that significant heterogeneity exists … across performance measures. These are important issues for institutions and policy makers seeking to achieve specific …

Persistent link: https://www.econbiz.de/10010678901

Real Exchange Rates and Growth Surges

McLeod, Darryl; Mileva, Elitza - Economics Department, Fordham University - 2011

Maintaining a weak real exchange rate is a widely recommended growth strategy, in part because of the success of Asian exporters, most recently China. Simulations of a simple two-sector open economy growth model based on Matsuyama (1992) suggest that a weaker real exchange rate can lead to a...

Persistent link: https://www.econbiz.de/10009208416

Knowledge intensive business services and long term growth

Desmarchelier, Benoît; Djellal, Faridah; Gallouj, Faïz - In: Structural Change and Economic Dynamics 25 (2013) C, pp. 188-205

The goal of this paper is to (re)assess the relationship between knowledge intensive business services (KIBS) and the economic growth. Taking into account various conflicting relationships between KIBS and growth, we build a multi agent-based system involving industrial firms, consumer-services...

Persistent link: https://www.econbiz.de/10011048667

A Three-Sector Model of Structural Transformation and Economic Development

Bah, El-hadj M. - Institut for Miljø og Erhvervsøkonomi, Syddansk … - 2009

Growth accounting exercises point to aggregate TFP differences as the dominant source of the large cross-country income differences. In this paper, I ask which sectors account for the aggregate TFP gap between rich and poor countries. Data limitations for developing countries have led...

Persistent link: https://www.econbiz.de/10011123967

Energy Consumption, Economic Growth and Financial Development: A Comparative Perspective on India and China

Mallick, Hrushikesh; Mahalik, Mantu Kumar - In: Bulletin of Energy Economics (BEE) 2 (2014) 3, pp. 72-84

performance of industrial sector is the key success for achieving higher growth. …

Persistent link: https://www.econbiz.de/10011183587