Credit constraints and the process of development

Keigo Nishida

Economics Letters, 2012, vol. 116, issue 3, 281-283

Abstract: This paper presents an extension of the model in Jaimovich [Jaimovich, E., 2010. Adverse selection and entrepreneurship in a model of development. Scandinavian Journal of Economics 112, 77–100] and generalizes his results by relaxing key assumptions in his analysis.

Keywords: Credit constraint; Moral hazard; Sectoral shift; Poverty trap (search for similar items in EconPapers)
JEL-codes: O11 O14 O16 (search for similar items in EconPapers)
Date: 2012
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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:116:y:2012:i:3:p:281-283

DOI: 10.1016/j.econlet.2011.12.048

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