Financial Deepening , Inequality , and Growth : A Model-Based Quantitative Evaluation

@inproceedings{Townsend2005FinancialD,
  title={Financial Deepening , Inequality , and Growth : A Model-Based Quantitative Evaluation},
  author={Robert M. Townsend and Kenichi Ueda},
  year={2005}
}
We propose a coherent unified approach to the study of the linkages among economic growth, financial structure, and inequality, bringing together disparate theoretical and empirical literature. That is, we show how to conduct model-based quantitative research on transitional paths. With analytical and numerical methods, we calibrate and make tractable a prototype canonical model and take it to an application, namely, Thailand 1976–96, an emerging market economy in a phase of economic expansion… CONTINUE READING
Highly Cited
This paper has 58 citations. REVIEW CITATIONS