Access to Finance, Product Innovation and Middle-Income Traps
Interactions between access to finance, product innovation, and labor supply are studied in a two-period overlapping generations model with an endogenous skill distribution and financial market imperfections. In the model lack of access to finance (induced by high monitoring costs) has an adverse ef...
| Main Authors: | , |
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| Format: | Journal Article |
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Elsevier
2018
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| Subjects: | |
| Online Access: | http://hdl.handle.net/10986/29320 |