Financial Deepening, Inequality, and Growth : A Model-Based Quantitative Evaluation

We propose a coherent unified approach to the study of the linkages among economic growth, financial structure, and inequality, bringing together disparate theoretical and empirical literature. That is, we show how to conduct model-based quantitative research on transitional paths. With analytical and numerical methods, we calibrate and make tractable a prototype canonical model and take it to an application, namely, Thailand 1976-1996, an emerging economy in a phase of economic expansion with uneven financial deepening and increasing inequality. We broadly replicate the actual data, test the model formally, and identify anomalies.
Publication date: September 2003
ISBN: 9781451859836
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Development - Economic Development , Development - Economic Development , Financial deepening , inequality , growth , transitional dynamics , growth rate , equation , gdp growth , law of large numbers , gdp growth rate , Model Evaluation and Selection , Financial Institutions and Services: General , Economic Growth and Aggregate Productivity: Genera

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