Transitional growth with increasing inequality and financial deepening /
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| Author / Creator: | Townsend, Robert M., 1948- |
|---|---|
| Imprint: | [Washington, D.C.] : International Monetary Fund, Research Dept., ©2001. |
| Description: | 1 online resource (83 pages) : illustrations |
| Language: | English |
| Series: | IMF working paper ; WP/01/108 IMF working paper ; WP/01/108. |
| Subject: | |
| Format: | E-Resource Book |
| URL for this record: | http://pi.lib.uchicago.edu/1001/cat/bib/12497065 |
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| 100 | 1 | |a Townsend, Robert M., |d 1948- |0 http://id.loc.gov/authorities/names/n92069331 | |
| 245 | 1 | 0 | |a Transitional growth with increasing inequality and financial deepening / |c Robert M. Townsend and Kenichi Ueda. |
| 260 | |a [Washington, D.C.] : |b International Monetary Fund, Research Dept., |c ©2001. | ||
| 300 | |a 1 online resource (83 pages) : |b illustrations | ||
| 336 | |a text |b txt |2 rdacontent | ||
| 337 | |a computer |b c |2 rdamedia | ||
| 338 | |a online resource |b cr |2 rdacarrier | ||
| 490 | 1 | |a IMF working paper ; |v WP/01/108 | |
| 504 | |a Includes bibliographical references (pages 45-48). | ||
| 506 | |3 Use copy |f Restrictions unspecified |2 star |5 MiAaHDL | ||
| 533 | |a Electronic reproduction. |b [Place of publication not identified] : |c HathiTrust Digital Library, |d 2010. |5 MiAaHDL | ||
| 538 | |a Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002. |u http://purl.oclc.org/DLF/benchrepro0212 |5 MiAaHDL | ||
| 583 | 1 | |a digitized |c 2010 |h HathiTrust Digital Library |l committed to preserve |2 pda |5 MiAaHDL | |
| 520 | |a We study models that display growth with financial deepening and increasing inequality along the way to perpetual steady state growth. A benchmark model is essentially a complete markets model but with transaction costs of financial intermediation. New proofs are required and thus provided for stochastic dynamic programming for the case of unbounded return functions and perpetual growth with a non-convex transaction technology. We calibrate the model and report quantitative predictions for Thailand during 1976-96. We find a discrepancy between the model and the data, suspect barriers to financial deepening as a cause, and evaluate the associated welfare loss. | ||
| 588 | 0 | |a Print version record. | |
| 650 | 0 | |a Economic development |x Econometric models. | |
| 650 | 0 | |a Business cycles |x Econometric models. | |
| 650 | 0 | |a Equality |x Econometric models. | |
| 650 | 0 | |a Transaction costs |x Econometric models. | |
| 651 | 0 | |a Thailand |x Economic conditions |x Econometric models. | |
| 650 | 0 | |a Equality |z Thailand |x Econometric models. | |
| 650 | 0 | |a Business cycles |z Thailand |x Econometric models. | |
| 650 | 0 | |a Equality |x Economic aspects |x Econometric models. | |
| 650 | 0 | |a Equality |x Economic aspects |z Thailand |x Econometric models. | |
| 650 | 6 | |a Développement économique |x Modèles économétriques. | |
| 650 | 6 | |a Cycles économiques |x Modèles économétriques. | |
| 650 | 6 | |a Inégalité sociale |x Aspect économique |x Modèles économétriques. | |
| 650 | 6 | |a Coûts de transaction |x Modèles économétriques. | |
| 650 | 6 | |a Inégalité sociale |x Aspect économique |z Thaïlande |x Modèles économétriques. | |
| 650 | 6 | |a Cycles économiques |z Thaïlande |x Modèles économétriques. | |
| 651 | 6 | |a Thaïlande |x Conditions économiques |x Modèles économétriques. | |
| 650 | 7 | |a Business cycles |x Econometric models. |2 fast |0 (OCoLC)fst00842461 | |
| 650 | 7 | |a Economic development |x Econometric models. |2 fast |0 (OCoLC)fst00901797 | |
| 650 | 7 | |a Economic history. |2 fast |0 (OCoLC)fst00901974 | |
| 650 | 7 | |a Equality |x Econometric models. |2 fast |0 (OCoLC)fst00914459 | |
| 650 | 7 | |a Transaction costs |x Econometric models. |2 fast |0 (OCoLC)fst01154508 | |
| 651 | 7 | |a Thailand. |2 fast |0 (OCoLC)fst01205310 | |
| 655 | 4 | |a Electronic books. | |
| 700 | 1 | |a Ueda, Kenichi, |d 1968- |0 http://id.loc.gov/authorities/names/no2001075920 | |
| 710 | 2 | |a International Monetary Fund. |b Research Department. |0 http://id.loc.gov/authorities/names/n77001219 | |
| 776 | 0 | 8 | |i Print version: |a Townsend, Robert M., 1948- |t Transitional growth with increasing inequality and financial deepening. |d [Washington, D.C.] : International Monetary Fund, Research Dept., ©2001 |w (OCoLC)48018147 |
| 830 | 0 | |a IMF working paper ; |v WP/01/108. |0 http://id.loc.gov/authorities/names/no89010263 | |
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