Collateral and Development

descriptionPublicationkeyboard_double_arrow_right Article , Other literature type 01 Jan 2017 Italy English Publisher:Elsevier BVJournal:SSRN Electronic Journal (eissn: 1556-5068,

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Authors: Amendola Nicola; Carbonari Lorenzo; Ferraris Leo;

doi: 10.2139/ssrn.3133051 , 10.1515/bejm-2019-0033

handle: 10281/462538 , 10281/311144 , 2108/215610

Collateral and Development

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Abstract

AbstractThis paper presents a model economy with endogenous credit constraints à la Kiyotaki-Moore and endogenous growth à la Uzawa-Lucas, in which agents face a trade-off between investing resources to improve the pledgeability of collateral assets and the accumulation of human capital. The model generates both growth miracles and stagnant economies.

Country

Italy

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Keywords

collateral; credit; development; growth; human capital;, Collateral, Growth, Development, Settore SECS-P/01 - ECONOMIA POLITICA

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