Townsend, Robert M.
Financial Deepening, Inequality, and Growth A Model-Based Quantitative Evaluation / Robert M Townsend. [electronic resource] : Robert M Townsend. - Washington, D.C. : International Monetary Fund, 2003. - 1 online resource (64 p.) - IMF Working Papers; Working Paper ; No. 03/193 . - IMF Working Papers; Working Paper ; No. 03/193 .
We propose a coherent unified approach to the study of the linkages among economic growth, financial structure, and inequality, bringing together disparate theoretical and empirical literature. That is, we show how to conduct model-based quantitative research on transitional paths. With analytical and numerical methods, we calibrate and make tractable a prototype canonical model and take it to an application, namely, Thailand 1976-1996, an emerging economy in a phase of economic expansion with uneven financial deepening and increasing inequality. We broadly replicate the actual data, test the model formally, and identify anomalies.
145185983X : 15.00 USD
1018-5941
10.5089/9781451859836.001 doi
Economic Growth and Aggregate Productivity: General
Equation
Financial Deepening
Financial Institutions and Services: General
GDP Growth Rate
GDP Growth
Thailand
Financial Deepening, Inequality, and Growth A Model-Based Quantitative Evaluation / Robert M Townsend. [electronic resource] : Robert M Townsend. - Washington, D.C. : International Monetary Fund, 2003. - 1 online resource (64 p.) - IMF Working Papers; Working Paper ; No. 03/193 . - IMF Working Papers; Working Paper ; No. 03/193 .
We propose a coherent unified approach to the study of the linkages among economic growth, financial structure, and inequality, bringing together disparate theoretical and empirical literature. That is, we show how to conduct model-based quantitative research on transitional paths. With analytical and numerical methods, we calibrate and make tractable a prototype canonical model and take it to an application, namely, Thailand 1976-1996, an emerging economy in a phase of economic expansion with uneven financial deepening and increasing inequality. We broadly replicate the actual data, test the model formally, and identify anomalies.
145185983X : 15.00 USD
1018-5941
10.5089/9781451859836.001 doi
Economic Growth and Aggregate Productivity: General
Equation
Financial Deepening
Financial Institutions and Services: General
GDP Growth Rate
GDP Growth
Thailand