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Author Klarl, Torben ♦ Maußner, Alfred
Source EconStor
Content type Text
Publisher Univ., Inst. für Volkswirtschaftslehre
File Format PDF
Language English
Subject Domain (in DDC) Social sciences ♦ Economics
Subject Keyword Firm heterogeneity ♦ credit constraints ♦ firm size ♦ SME ♦ economic growth ♦ Neue Wachstumstheorie ♦ Verschuldungsrestriktion ♦ Betriebsgrößenstruktur ♦ Klein- und Mittelunternehmen ♦ Innovation ♦ Theorie ♦ Monetary Policy, Central Banking, and the Supply of Money and Credit ♦ Innovation and Invention: Processes and Incentives
Abstract This paper is concerned with the role of firm heterogeneity under credit constraints for economic growth. We focus on firm size, innovativeness and credit constraints in a semi-endogenous growth model reflecting recent empirical findings on firm heterogeneity. It allows for an explicit solution for transitional growth and balanced growth path productivity as well as the growth maximizing firm heterogeneity. This enables us to draw inference about the impact of key policy parameters of the model on these quantities and to draw conclusions about firm and capital market related policies.
Part of series Volkswirtschaftliche Diskussionsreihe // Institut für Volkswirtschaftslehre der Universität Augsburg x311
Learning Resource Type Article
Publisher Date 2010-01-01
Publisher Place Augsburg
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