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

 
Author/Editor: Townsend, Robert M. ; Ueda, Kenichi
 
Publication Date: September 01, 2003
 
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Disclaimer: This Working Paper should not be reported as representing the views of the IMF. The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate
 
Summary: 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 1976-1996, an emerging economy in a phase of economic expansion with uneven financial deepening and increasing inequality. We broadly replicate the actual data, test the model formally, and identify anomalies.
 
Series: Working Paper No. 03/193
Subject(s): Economic growth | Thailand | Transition economies | Economic models

Author's Keyword(s): Financial Deepening | inequality | growth | transitional dynamics
 
English
Publication Date: September 01, 2003
ISBN/ISSN: 1934-7073 Format: Paper
Stock No: WPIEA1932003 Pages: 64
Price:
US$15.00 (Academic Rate:
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