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- W2988291298 abstract "The combination of entrepreneurial ability and capital promotes economic growth.This paper provides a model in which financial intermediation is modeled as an endogenous coalition of agents with heterogeneous entrepreneurial abilities.The model is an infinite dynamic Ramsey model in which agents choose to be a producer,a depositor or both.We find two effects by which growth is trickled down from the rich to the poor through financial intermediation.One is the price trickle-down effect,and the other is the re-switching effect." @default.
- W2988291298 created "2019-11-22" @default.
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- W2988291298 date "2010-01-01" @default.
- W2988291298 modified "2023-09-23" @default.
- W2988291298 title "Trickle-down and Distribution:The Effects of Financial Intermediation on Economic Growth" @default.
- W2988291298 hasPublicationYear "2010" @default.
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