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Non-Performing Assets and Capital Accumulation

Author

Listed:
  • Gower, L.
  • Wilson, D.

Abstract

We develop a growth model which distinguishes between capital creation that takes place as a result of conventional investment and accumulation which occurs when temporarily idle assets are reactivated.

Suggested Citation

  • Gower, L. & Wilson, D., 1998. "Non-Performing Assets and Capital Accumulation," Papers 352, Australian National University - Department of Economics.
  • Handle: RePEc:fth:aunaec:352
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    Cited by:

    1. Gower, Luke & Wilson, Dominic, 2000. "Displaced Capital and Japanese Economic Growth," Journal of the Japanese and International Economies, Elsevier, vol. 14(2), pages 105-120, June.
    2. Dominic Wilson, 1999. "Is Shutting Krugman's Liquidity Trap the Answer to Japan's Problems?," Asia Pacific Economic Papers 297, Australia-Japan Research Centre, Crawford School of Public Policy, The Australian National University.

    More about this item

    Keywords

    FINANCIAL MARKET ; INVESTMENTS ; CREDIT;
    All these keywords.

    JEL classification:

    • F43 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Economic Growth of Open Economies
    • O16 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Financial Markets; Saving and Capital Investment; Corporate Finance and Governance

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