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Financial Regimes, Capital Structure, and Growth

Arnold, Lutz G. and Walz, Uwe (2000) Financial Regimes, Capital Structure, and Growth. European Journal of Political Economy 16, pp. 491-508.

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We develop a growth model with endogenous technological progress in which the previous termfinancialnext term sector plays an explicit role. This allows us to consider the role of different previous termfinancial regimesnext term in the growth process. We contrast a bank-dominated previous termfinancialnext term system with a market-dominated system. In the former a previous termfinancialnext ...


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Item type:Article
Institutions:Business, Economics and Information Systems > Institut für Volkswirtschaftslehre und Ökonometrie > Lehrstuhl für Theoretische Volkswirtschaft (Prof. Dr. Lutz Arnold)
Interdisciplinary Subject Network:Immobilien- und Kapitalmärkte
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Keywords:Innovation; Growth; Financial regimes; Capital structure
Dewey Decimal Classification:300 Social sciences > 330 Economics
Refereed:Yes, this version has been refereed
Created at the University of Regensburg:Unknown
Item ID:15550
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