Credit Rationing, Profit Accumulation and Economic Growth
Bruno Amable,
Jean-Bernard Chatelain and
Kirsten Ralf
No 5, Royal Economic Society Annual Conference 2002 from Royal Economic Society
Abstract:
This paper studies how credit rationing affects endogenous growth when capital and debt are related to the firm's internal net worth, taken as collateral. The accumulation of firm's net worth determines the growth rate of capital and the growth rate of the economy. The relation between growth and interest rate is then negative without requiring convex adjustment costs on investment.
Date: 2002-08-29
New Economics Papers: this item is included in nep-cba, nep-dge and nep-mfd
References: Add references at CitEc
Citations: View citations in EconPapers (4)
Downloads: (external link)
http://repec.org/res2002/Amable.pdf full text
Related works:
Journal Article: Credit rationing, profit accumulation and economic growth (2004) 
Working Paper: Credit rationing, profit accumulation and economic growth (2004) 
Working Paper: Credit rationing, profit accumulation and economic growth (2004) 
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
HTML/Text
Persistent link: https://EconPapers.repec.org/RePEc:ecj:ac2002:5
Access Statistics for this paper
More papers in Royal Economic Society Annual Conference 2002 from Royal Economic Society Contact information at EDIRC.
Bibliographic data for series maintained by Christopher F. Baum ().