Growth and capital flows with risky entrepreneurship /
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Author / Creator: | Sandri, Damiano, author. |
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Imprint: | [Washington D.C.] : International Monetary Fund, 2010. |
Description: | 1 online resource (26 pages) : color illustrations |
Language: | English |
Series: | IMF working paper ; WP/10/37 IMF working paper ; WP/10/37. |
Subject: | |
Format: | E-Resource Book |
URL for this record: | http://pi.lib.uchicago.edu/1001/cat/bib/12498369 |
Table of Contents:
- I. Introduction; Figures; 1. Mean over 41 growth acceleration episodes between 1960 and 2008; A. Related literature; II. The model; B. Workers; C. Entrepreneurs; D. Competitive equilibrium; E. Policy functions; 2. Policy functions under uninsurable entrepreneurial risk; III. Aggregate dynamics; A. Calibration and structural estimation; Tables; 1. Model parameters; B. Benchmark simulation; 3. Economy dynamics following the opening to entrepreneurship; C. Sensitivity analysis; 4. Economy dynamics under a lower farming income; IV. Financial development; A. Dynamics under risk sharing.
- 2. Sensitivity analysis5. Entrepreneur's investment function with and without state-contingent claims; 6. Economy dynamics with different degree of risk sharing; B. Welfare gains from risk sharing; 7. Welfare gains from risk sharing at the beginning of the transition period; V. Conclusion; 8. Welfare gains from risk sharing at the final equilibrium with entrepreneurship; References; Appendices; I. Growth acceleration episodes; II. Numerical solution; III. Limited legal enforcement.