Productivity Losses from Financial Frictions: Can Self-Financing Undo Capital Misallocation?

S-Tier
Journal: American Economic Review
Year: 2014
Volume: 104
Issue: 10
Pages: 3186-3221

Score contribution per author:

8.043 = (α=2.01 / 1 authors) × 4.0x S-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

I develop a highly tractable general equilibrium model in which heterogeneous producers face collateral constraints, and study the effect of financial frictions on capital misallocation and aggregate productivity. My economy is isomorphic to a Solow model but with

Technical Details

RePEc Handle
repec:aea:aecrev:v:104:y:2014:i:10:p:3186-3221
Journal Field
General
Author Count
1
Added to Database
2026-01-26