Economic growthCapital reallocationMultiple equilibriaStock price bubbles are often on productive assets and occur in a sector of the economy. In addition, their occurrence is often accompanied by credit booms. Incorporating these features, we provide a two-sector endogenous growth model with credit-...
Miao,J P.Wang . Sectoral Bubbles and Endogenous Growth [OL]. 2012 .Miao J.,Wang P.Sectoral Bubbles and Endogenous Growth[R].SSRN Working Paper,No.2036597,2012.Sectoral Bubbles and Endogenous Growth". Miao J.J,P.F.Wang. . 2012Sectoral Bubbles and Endogenous Growth. MIAO J,WANG P. ...
Bubbles are often on productive assets and occur in a sector of the economy. In addition, their occurence is often accompanied with credit booms. Incorporating these features, we provide a two-sector endogenous growth model with credit-driven bubbles. Bubbles have a credit easing e¤ect by relax...