Browsing by Author "Chen, Been-Lon"

Now showing items 1-2 of 2

    • Credit Market Imperfections Financial Activity and Economic Growth 
      Chen, Been-Lon; Chiang, Yeong-Yuh; Wang, Ping (Vanderbilt University, 2000)
      This paper develops a dynamic general-equilibrium model with production to examine the inter-relationships between the real and the financial sectors with and without credit market imperfections. Due to the moral hazard ...
    • Market Frictions Technology Adoption and Economic Growth 
      Chen, Been-Lon; Mo, Jie-Ping; Wang, Ping (Vanderbilt University, 2000)
      This paper develops an endogenous growth model with labor market matching and technology adoption. While labor market search and entry frictions lengthen technology diffusion, exogenous technology arrival may creatively ...