Collateral and Development
Lorenzo Carbonari and
Leo Ferraris ()
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Leo Ferraris: CEIS & DEF, University of Rome "Tor Vergata", http://www.ceistorvergata.it
No 424, CEIS Research Paper from Tor Vergata University, CEIS
This paper presents a model economy with endogenous credit constraints and endogenous growth, in which agents face a trade-off between investing resources to improve the pledgeability of collateral assets and the accumulation of human capital. The model generates both growth miracles and stagnant economies.
Keywords: Credit; Collateral; Human Capital; Growth. (search for similar items in EconPapers)
JEL-codes: G0 O1 O40 (search for similar items in EconPapers)
Pages: 41 pages
Date: 2018-02-20, Revised 2018-02-20
New Economics Papers: this item is included in nep-fdg and nep-gro
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http://www.ceistorvergata.it/repec/rpaper/RP424.pdf Main text (application/pdf)
Journal Article: Collateral and development (2020)
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Persistent link: https://EconPapers.repec.org/RePEc:rtv:ceisrp:424
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