Post-crisis reallocation of growth factors
نویسندگان
چکیده
منابع مشابه
Capital Reallocation and Growth
Heterogeneity is ubiquitous in firm-level and sectoral data. Equilibrium models, however, typically assume a representative firm, as in Andrew B. Abel and Olivier J. Blanchard (1983). The representative firm paradigm leaves no role for the distribution of capital. We model capital reallocation in a general equilibrium model with two sectors. Capital adjustment costs capture illiquidity in our m...
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ژورنال
عنوان ژورنال: Ekonomski horizonti
سال: 2012
ISSN: 1450-863X
DOI: 10.5937/ekonhor1202077j