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.

Amendola, N., Carbonari, L., & Ferraris, L. (2018). Collateral and Development [Working paper].

Collateral and Development

Ferraris, L
2018

Abstract

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.
Working paper
No
Scientifica
Collateral, Development, Human Capital, Growth
English
Amendola, N., Carbonari, L., & Ferraris, L. (2018). Collateral and Development [Working paper].
Amendola, N; Carbonari, L; Ferraris, L
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Utilizza questo identificativo per citare o creare un link a questo documento: http://hdl.handle.net/10281/311169
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