| |
|
|
|
|
|
|
|
|
1. |
Record Nr. |
UNINA9910788334303321 |
|
|
Autore |
Ilyina Anna |
|
|
Titolo |
A Multi-industry Model of Growth with Financing Constraints / / Anna Ilyina, Roberto Samaniego |
|
|
|
|
|
|
|
Pubbl/distr/stampa |
|
|
Washington, D.C. : , : International Monetary Fund, , 2009 |
|
|
|
|
|
|
|
ISBN |
|
1-4623-0128-2 |
1-4518-7266-6 |
1-282-84334-6 |
9786612843341 |
1-4519-9029-4 |
|
|
|
|
|
|
|
|
Descrizione fisica |
|
|
|
|
|
|
Collana |
|
|
|
|
|
|
Altri autori (Persone) |
|
|
|
|
|
|
Soggetti |
|
Economic development |
Convergence (Economics) |
Finance: General |
Labor |
Macroeconomics |
Production and Operations Management |
Macroeconomics: Production |
Financial Markets and the Macroeconomy |
Labor Demand |
Labor Economics: General |
Finance |
Labour |
income economics |
Financial sector development |
Productivity |
Industrial productivity |
Self-employment |
Financial services industry |
Self-employed |
Labor economics |
United States |
|
|
|
|
|
|
|
|
Lingua di pubblicazione |
|
|
|
|
|
|
Formato |
Materiale a stampa |
|
|
|
|
|
|
|
|
|
|
|
Livello bibliografico |
Monografia |
|
|
|
|
|
Note generali |
|
Bibliographic Level Mode of Issuance: Monograph |
|
|
|
|
|
|
Nota di bibliografia |
|
Includes bibliographical references. |
|
|
|
|
|
|
Sommario/riassunto |
|
This paper develops a multi-industry growth model in which firms require external funds to conduct productivity-enhancing R&D. The cost of research is industry-specific. The tightness of financing constraints depends on the level of financial development and on industry characteristics. Over time, a financially constrained economy may converge to the growth path of a frictionless economy, so long as an industry with the fastest expanding technological frontier does not permanently fall behind due to low R&D. The model’s industry dynamics map into a differences-in-differences regression, in which industry growth depends on the interaction between financial development and industry level R&D intensity. |
|
|
|
|
|
|
|
| |