Firm Heterogeneity, Credit Constraints, and Endogenous Growth

Torben Klarl and Alfred Maussner ()

No 311, Discussion Paper Series from Universitaet Augsburg, Institute for Economics

Abstract: This paper is concerned with the role of firm heterogeneity under credit constraints for economic growth. We focus on firm size, innovativeness and credit constraints in a semi-endogenous growth model reflecting recent empirical findings on firm heterogeneity. It allows for an explicit solution for transitional growth and balanced growth path productivity as well as the growth maximizing firm heterogeneity. This enables us to draw inference about the impact of key policy parameters of the model on these quantities and to draw conclusions about firm and capital market related policies.

Keywords: firm heterogeneity; credit constraints; firm size; SME; economic growth (search for similar items in EconPapers)
JEL-codes: E5 O31 (search for similar items in EconPapers)
Date: 2010-04
New Economics Papers: this item is included in nep-bec, nep-dge, nep-fdg, nep-mac and nep-sbm
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https://opus.bibliothek.uni-augsburg.de/opus4/files/71114/311.pdf (application/pdf)

Related works:
Journal Article: Firm heterogeneity, credit constraints, and endogenous growth (2012)
Working Paper: Firm Heterogeneity, Credit Constraints, and Endogenous Growth (2010)
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Persistent link: https://EconPapers.repec.org/RePEc:aug:augsbe:0311

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