English  |  正體中文  |  简体中文  |  Items with full text/Total items : 54367/62174 (87%)
Visitors : 13590950      Online Users : 19
RC Version 6.0 © Powered By DSPACE, MIT. Enhanced by NTHU Library IR team.
Scope Tips:
  • please add "double quotation mark" for query phrases to get precise results
  • please goto advance search for comprehansive author search
  • Adv. Search
    HomeLoginUploadHelpAboutAdminister Goto mobile version
    National Tsing Hua University Institutional Repository > 科技管理學院  > 經濟學系 > 會議論文  >  The Role of Capital Market Efficiency in Long-term Growth: A Quantitative Exploration


    Please use this identifier to cite or link to this item: http://nthur.lib.nthu.edu.tw/dspace/handle/987654321/45195


    Title: The Role of Capital Market Efficiency in Long-term Growth: A Quantitative Exploration
    Authors: Shu-shiuan Lu
    教師: 盧姝璇
    Date: 2010
    Publisher: CEANA
    Relation: CEANA,Atlanta,January 2010
    Keywords: Neoclassical
    Growth
    Efficiency of financial intermediation
    Euler equation wedge
    Abstract: This paper provides a computable neoclassical model with financial intermediation to examine the hypothesis that financial development (i.e., bank efficiency improvement) positively influences growth through mitigating the capital market frictions. The calibrations and counterfactual experiments show that an improvement in bank efficiency enhances long-term welfare and raises output and capital as well as their growth rates in general. However, the growth effect on output depends on the substitutability between firm-owned assets and loans. Therefore, this model quantitatively supports the argument that efficient financial intermediation can (but does not always) exert a positive impact on long-term economic growth.
    URI: http://proj3.sinica.edu.tw/~econ/2010GTD/11/11-1.pdf
    http://www.ceana.org/
    http://nthur.lib.nthu.edu.tw/dspace/handle/987654321/45195
    Appears in Collections:[經濟學系] 會議論文

    Files in This Item:

    File Description SizeFormat
    index.html0KbHTML1145View/Open


    在NTHUR中所有的資料項目都受到原著作權保護,僅提供學術研究及教育使用,敬請尊重著作權人之權益。若須利用於商業或營利,請先取得著作權人授權。
    若發現本網站收錄之內容有侵害著作權人權益之情事,請權利人通知本網站管理者(smluo@lib.nthu.edu.tw),管理者將立即採取移除該內容等補救措施。

    SFX Query

    與系統管理員聯絡

    DSpace Software Copyright © 2002-2004  MIT &  Hewlett-Packard  /   Enhanced by   NTU Library IR team Copyright ©   - Feedback