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Entrepreneurship with borrowing constraints in a model of economic development

  • Gian Luca Clementi

    (New York University)

  • Aubhik Khan

    (Federal Reserve Bank of Philadelphia)

  • Rui Casto

    (University of Montreal)

An extension of our basic model introduces sectoral production and endogenises the set of sectors active at any time. This allows us to address cross-country evidence on the higher relative price of investment

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File URL: https://www.economicdynamics.org/meetpapers/2007/paper_856.pdf
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Paper provided by Society for Economic Dynamics in its series 2007 Meeting Papers with number 856.

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Date of creation: 2007
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Handle: RePEc:red:sed007:856
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Web page: http://www.EconomicDynamics.org/society.htm
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  1. Robert E. Hall & Charles I. Jones, 1999. "Why Do Some Countries Produce So Much More Output per Worker than Others?," NBER Working Papers 6564, National Bureau of Economic Research, Inc.
  2. Marco Cagetti & Mariacristina De Nardi, 2005. "Entrepreneurship, frictions, and wealth," Working Paper Series WP-05-09, Federal Reserve Bank of Chicago.
  3. Ross Levine, 1997. "Financial Development and Economic Growth: Views and Agenda," Journal of Economic Literature, American Economic Association, vol. 35(2), pages 688-726, June.
  4. Edward C. Prescott, 1997. "Needed: a theory of total factor productivity," Staff Report 242, Federal Reserve Bank of Minneapolis.
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