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010   $a9786612843341
010   $a1-4519-9029-4
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100   $a20020129d2009      uf             0
101 0 $aeng
135   $aurcn|||||||||
181   $ctxt
182   $cc
183   $acr
200 12$aA Multi-industry Model of Growth with Financing Constraints /$fAnna Ilyina, Roberto Samaniego
210  1$aWashington, D.C. :$cInternational Monetary Fund,$d2009.
215   $a52 p. $cill
225 1 $aIMF Working Papers
300   $aBibliographic Level Mode of Issuance: Monograph
311   $a1-4519-1696-5 
320   $aIncludes bibliographical references.
330 3 $aThis paper develops a multi-industry growth model in which firms require external funds to conduct productivity-enhancing R&D. The cost of research is industry-specific. The tightness of financing constraints depends on the level of financial development and on industry characteristics. Over time, a financially constrained economy may converge to the growth path of a frictionless economy, so long as an industry with the fastest expanding technological frontier does not permanently fall behind due to low R&D. The model?s industry dynamics map into a differences-in-differences regression, in which industry growth depends on the interaction between financial development and industry level R&D intensity.
410  0$aIMF Working Papers; Working Paper ;$vNo. 2009/119
606   $aEconomic development
606   $aConvergence (Economics)
606   $aFinance: General$2imf
606   $aLabor$2imf
606   $aMacroeconomics$2imf
606   $aProduction and Operations Management$2imf
606   $aMacroeconomics: Production$2imf
606   $aFinancial Markets and the Macroeconomy$2imf
606   $aLabor Demand$2imf
606   $aLabor Economics: General$2imf
606   $aFinance$2imf
606   $aLabour$2imf
606   $aincome economics$2imf
606   $aFinancial sector development$2imf
606   $aProductivity$2imf
606   $aIndustrial productivity$2imf
606   $aSelf-employment$2imf
606   $aFinancial services industry$2imf
606   $aSelf-employed$2imf
606   $aLabor economics$2imf
607   $aUnited States$2imf
615  0$aEconomic development.
615  0$aConvergence (Economics)
615  7$aFinance: General
615  7$aLabor
615  7$aMacroeconomics
615  7$aProduction and Operations Management
615  7$aMacroeconomics: Production
615  7$aFinancial Markets and the Macroeconomy
615  7$aLabor Demand
615  7$aLabor Economics: General
615  7$aFinance
615  7$aLabour
615  7$aincome economics
615  7$aFinancial sector development
615  7$aProductivity
615  7$aIndustrial productivity
615  7$aSelf-employment
615  7$aFinancial services industry
615  7$aSelf-employed
615  7$aLabor economics
700   $aIlyina$b Anna$01472679
701   $aSamaniego$b Roberto$01472680
712 02$aInternational Monetary Fund.
801  0$bDcWaIMF
906   $aBOOK
912   $a9910788334303321
996   $aA Multi-industry Model of Growth with Financing Constraints$93685548
997   $aUNINA