Economic development, flow of funds, and the equilibrium interaction of financial frictions
We use a variety of different datasets from Thailand to study not only the extremes of micro and macro variables but also withincountry flow of funds and labor migration. We develop a general equilibrium model that encompasses regional variation in the type of financial friction and calibrate it to...
| Main Authors: | , , |
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| Other Authors: | |
| Format: | Article |
| Language: | English |
| Published: |
Proceedings of the National Academy of Sciences,
2018-03-23T21:23:07Z.
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| Subjects: | |
| Online Access: | Get fulltext |