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  1. Journal of Shanghai Jiaotong University (Science)
  2. Journal of Shanghai Jiaotong University (Science) : Volume 21
  3. Journal of Shanghai Jiaotong University (Science) : Volume 21, Issue 2, April 2016
  4. Property protection, financial constraints and economic growth
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Journal of Shanghai Jiaotong University (Science) : Volume 22
Journal of Shanghai Jiaotong University (Science) : Volume 21
Journal of Shanghai Jiaotong University (Science) : Volume 21, Issue 6, December 2016
Journal of Shanghai Jiaotong University (Science) : Volume 21, Issue 5, October 2016
Journal of Shanghai Jiaotong University (Science) : Volume 21, Issue 4, August 2016
Journal of Shanghai Jiaotong University (Science) : Volume 21, Issue 3, June 2016
Journal of Shanghai Jiaotong University (Science) : Volume 21, Issue 2, April 2016
Prediction of hydrodynamic forces on a moored ship induced by a passing ship in shallow water using a high-order panel method
The numerical simulation of a towing cylinder based on immersed body boundary method
Numerical simulation of viscous flow over a grooved surface by the lattice Boltzmann method
Applications of generalized rough set theory in evaluation index system of radar anti-jamming performance
Recursive least squares algorithm for a nonlinear additive system with time delay
A bayesian based process monitoring and fixture fault diagnosis approach in the auto body assembly process
Hardware architecture design of block-matching and 3D-filtering denoising algorithm
Consistent depth maps estimation from binocular stereo video sequence
Property protection, financial constraints and economic growth
China and emerging economies in global financial governance: Legitimacy, accountability and democracy
Research on comprehensive evaluation of financial innovation ability of the national-level new areas based on grey correlation
Analytics: The real-world use of big data in financial services studying with judge system events
Space enterprise strategy guiding-based study on project portfolio management and flow optimization
China Pilot Free Trade Zones call reform of arbitrator liability
Research on risks of small and medium-sized enterprises online confirming storage based on evolutionary game theory and subjective Bayesian method
The construction of ShanghaI Pilot Free Trade Zone and the interest rate liberalization in China
Performance of price limits: Evidence from cross-listed stocks in China
Journal of Shanghai Jiaotong University (Science) : Volume 21, Issue 1, February 2016
Journal of Shanghai Jiaotong University (Science) : Volume 20
Journal of Shanghai Jiaotong University (Science) : Volume 19
Journal of Shanghai Jiaotong University (Science) : Volume 18
Journal of Shanghai Jiaotong University (Science) : Volume 17
Journal of Shanghai Jiaotong University (Science) : Volume 16
Journal of Shanghai Jiaotong University (Science) : Volume 15
Journal of Shanghai Jiaotong University (Science) : Volume 14
Journal of Shanghai Jiaotong University (Science) : Volume 13

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Property protection, financial constraints and economic growth

Content Provider SpringerLink
Author Yang, Yi Lin, Renwen
Copyright Year 2016
Abstract The relationship between financial system, law framework or economic growth has attracted considerable attention for years. However, there are some questions still remaining unanswered: between tangible assets protection and intellectual property protection, which is more important? Between external financing and property rights protection, which does play a greater role for the economic development? According to the dynamic stochastic general equilibrium (DSGE) model with non-free market factors, we study the effectiveness of property protection and external financing, and try to answer these questions. The model fits the data well, and we find: ① protection of intellectual property plays a more important role than that of tangible asset, in the promotion of economy; ② relaxation of financial constraints on corporate is more effective in the short run, while the protection of intellectual property is more effectual in the long term.
Starting Page 192
Ending Page 198
Page Count 7
File Format PDF
ISSN 10071172
Journal Journal of Shanghai Jiaotong University (Science)
Volume Number 21
Issue Number 2
e-ISSN 19958188
Language English
Publisher Shanghai Jiaotong University Press
Publisher Date 2016-04-01
Publisher Place Shanghai
Access Restriction One Nation One Subscription (ONOS)
Subject Keyword external financing property rights protection economy growth dynamic stochastic general equilibrium (DSGE) Electrical Engineering Materials Science Computer Science Architecture Life Sciences
Content Type Text
Resource Type Article
Subject Multidisciplinary
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