| dc.contributor | Dr. David Strauss | |
| dc.creator | Rivera Mora, Ernesto | |
| dc.date | 2016-09-21T11:04:19Z | |
| dc.date | 2016-09-21T11:04:19Z | |
| dc.date | 2016 | |
| dc.date.accessioned | 2023-07-21T16:43:07Z | |
| dc.date.available | 2023-07-21T16:43:07Z | |
| dc.identifier | 151631.pdf | |
| dc.identifier | http://hdl.handle.net/11651/674 | |
| dc.identifier.uri | https://repositorioslatinoamericanos.uchile.cl/handle/2250/7735093 | |
| dc.description | I 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.format | application/PDF | |
| dc.format | application/pdf | |
| dc.language | eng | |
| dc.publisher | El Autor | |
| dc.rights | Con 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.rights | Creative Commons Reconocimiento-NoComercial-SinObraDerivada 4.0 Internacional CC BY-NC-ND | |
| dc.subject | Financial crises -- Econometric models. | |
| dc.subject | Economic development -- Econometric models. | |
| dc.title | Sticking to the winners - Heterogeneous financial frictions and growth | |
| dc.type | Tesis de maestría | |
| dc.proquest.rights | No | |
