Entrepreneurship with borrowing constraints in a model of economic development

Gian Luca Clementi, Aubhik Khan and Rui Casto
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Gian Luca Clementi: New York University
Rui Casto: University of Montreal

No 856, 2007 Meeting Papers from Society for Economic Dynamics

Abstract: An extension of our basic model introduces sectoral production and endogenises the set of sectors active at any time. This allows us to address cross-country evidence on the higher relative price of investment

Date: 2007
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