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dc.contributor.advisorDr. David Strauss
dc.creatorRivera Mora, Ernesto
dc.date.issued2016
dc.identifier151631.pdf
dc.identifier.urihttp://hdl.handle.net/11651/674
dc.description.abstractI analyze government intervention in a heterogeneous aents moderl of financial frictions. While homogeneous borrowing constrainst (conditional on wealth) previal in the laissez-fire equilibrium, government attention to a few arbitratily chosen firms can generate endogenously heterogeneous credit constraints. I show that persistent heterogeneity in borrowing constraints increases growth and total factor productivity in the long-rung as a result of capital transition towards firms with better credit contions. In general, more persistent credit limits lead to higher economic growth. However, the transition period to such a higher growth regime can be governed by an economic slowdown. This model helps explain the economic growth South Korea experienced in recent decades and its relationship to the “chaebol” -conglomerates that received beneficial treatment by the government and preferential credit contidions.
dc.formatapplication/PDF
dc.language.isoeng
dc.publisherEl Autor
dc.rightsCon fundamento en los artículos 21 y 27 de la Ley Federal del Derecho de Autor y como titular de los derechos moral y patrimonial, otorgo de manera gratuita y permanente al Centro de Investigación y Docencia Económicas, A.C. y a su Biblioteca autorización para que fije la obra en cualquier medio, incluido el electrónico, y la divulguen entre sus usuarios, profesores, estudiantes o terceras personas, sin que pueda percibir por tal divulgación una contraprestación.
dc.subject.lcshFinancial crises -- Econometric models.
dc.subject.lcshEconomic development -- Econometric models.
dc.titleSticking to the winners - Heterogeneous financial frictions and growth
dc.typeTesis de maestría
dc.accessrightsAcceso abierto
dc.recordIdentifier000151631
dc.rights.licenseCreative Commons Reconocimiento-NoComercial-SinObraDerivada 4.0 Internacional CC BY-NC-ND
thesis.degree.grantorCentro de Investigación y Docencia Económicas
thesis.degree.nameMaestría en Economía
dc.proquest.rightsNo


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