ダウンロード数: 237
| タイトル: | Asset Bubbles, Credit Market Imperfections, and Technology Choice |
| 著者: | Shibata, Akihisa Matsuoka, Tarishi |
| キーワード: | asset bubbles credit market imperfections technology adoption |
| 発行日: | Dec-2011 |
| 出版者: | Institute of Economic Research, Kyoto University |
| 誌名: | KIER Discussion Paper |
| 巻: | 804 |
| 抄録: | This paper introduces a bubbly asset into the Matsuyama (2007) model with credit market imperfections and multiple technologies and shows that there can exist multiple bubbly steady states and bubbles may cause underdevelopment traps by preventing the adoption of high productivity technology. |
| URI: | http://hdl.handle.net/2433/151877 |
| 出現コレクション: | KIER Discussion Paper (英文版) |
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