Credit Markets with Differences in Abilities : Education, Distribution, and Growth /
This paper addresses the growth, welfare, and distributional effects of credit markets. We construct a general equilibrium model where human capital is the engine of growth and individuals differ in their education abilities. We argue that the existence of credit markets encourages specialization, b...
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| Format: | Žurnal |
| Jezik: | English |
| Izdano: |
Washington, D.C. :
International Monetary Fund,
1994.
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| Serija: | IMF Working Papers; Working Paper ;
No. 1994/047 |
| Online pristup: | Full text available on IMF |