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Financial Innovation and Endogenous Growth

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NBER2009-09-01 更新2025-01-04 收录
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https://www.nber.org/papers/w15356
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Is financial innovation necessary for sustaining economic growth? To address this question, we build a Schumpeterian model in which entrepreneurs earn profits by inventing better goods and profit-maximizing financiers arise to screen entrepreneurs. The model has two novel features. First, financiers
创建时间:
2009-09-01
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