The Effect of Financial Enforcement on Entrepreneurship and Growth in the Korean Economy

"In chapter 3, we apply the model used in chapter 1 to the Chinese economy with some variation. The private sector in China is growing rapidly -- though unevenly -- across regions, while the state sector is retreating. This paper studies the effect of institutional and policy differences across cities on China's economic development. In order to investigate the effects of these differences on the macroeconomy, we construct and solve a general equilibrium model with heterogeneous agents, occupational choice and financial frictions. Occupational choice and the size of private and state firms are determined endogenously; each depends on agent ""type"" (manager ability and resources), a credit market friction, and differences in institutions. Differences in institutions across cities generate differences in occupational choice, firm size and output per capita."

Name thesis:degree_name

Ph.D.

Level thesis:degree_level

Dissertation

Discipline thesis:degree_discipline

Economics

Grantor

University of Illinois at Urbana-Champaign

Year dc:date

2015

Author dc:creator

• Joo, Donghun

Contributors dc:contributor

• Villamil, Anne P.

• Economics, General

Language dc:language

eng

Identifier

(MiAaPQ)AAI3362933

OAI identifier oai:identifier

oai:www.ideals.illinois.edu:2142/85596