A growth model with multiple industries is developed to study how industries evolve as capital accumulates endogenously when each industry exhibits Marshallian externality (increasing returns to scale)...
This paper develops a dynamic general equilibrium model to explore industrial evolution and economic growth in a closed developing economy. The authors show that industries will endogenously upgrade toward...
Barriers to banking, by Asli Demirguc_Kunt. Finance and opportunity, by Ross Levine and Asli Demirguc_Kunt. Risk taking by banks in transition countries by Paul Wachtel and Rainer Haselmann. Foreign bank...
Barriers to banking, by Asli Demirguc_Kunt. Finance and opportunity, by Ross Levine and Asli Demirguc_Kunt. Risk taking by banks in transition countries by Paul Wachtel and Rainer Haselmann. Foreign bank...