Essays on Financial Market Development and Economic Growth

This dissertation is a collection of essays on financial market development and economic growth. In contrast to existing literature, which considers credit for investment along, we investigate the relationship between credit market development and economic growth in the framework where both investment and consumption are financed via credit markets. The environment developed on this dissertation creates a role for each kind of credit to play. First, credit market conditions of entrepreneurs and consumers are related and depend on each other. Second, the interactions between consumers and entrepreneurs are of importance for economic growth. The models are empirically relevant, as they can explain why the effect of credit market development on economic growth appears to differ between high-income and middle- and low-income countries.

Name thesis:degree_name

Ph. D.

Level thesis:degree_level

doctoral

Discipline thesis:degree_discipline

Economics

Department dc:contributor.department

Economics

Grantor dc:publisher

Virginia Tech

Year dc:date.issued

1998

Author dc:creator

• Hung, Fu-Sheng

Chair dc:contributor.committeechair

• Cothren, Richard D.

Committee members dc:contributor.committeemember

• Salehi-Isfahani, Djavad
• Verbrugge, Randal
• Feltenstein, Andrew

• Asymmetric Information
• Growth
• Credit Markets
• Credit Rationing
• Screening.

Statement dc:rights

• In Copyright

Licence dc:rights.uri

• http://rightsstatements.org/vocab/InC/1.0/

Dc Identifier Other

etd-4398-02334

OAI identifier oai:identifier

oai:vtechworks.lib.vt.edu:10919/30538