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: | Moll, Benjamin (Author), Townsend, Robert M. (Author), Zhorin, Victor (Author) |
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Other Authors: | Townsend, Robert (Contributor) |
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 |
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