| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP1332 |
| DP1332 Why Do Companies Go Public? An Empirical Analysis | |
| Marco Pagano; Luigi Zingales; Fabio Panetta | |
| 发表日期 | 1996-02-29 |
| 出版年 | 1996 |
| 语种 | 英语 |
| 摘要 | This essay suggests that the convergence controversy may reflect, in part, differences in perception regarding the viable set of competing testable hypotheses generated by existing growth theories. It argues that in contrast to the prevailing wisdom, the traditional neo-classical growth paradigm generates the club convergence hypothesis as well as the conditional convergence hypothesis. Furthermore, the inclusion of empirically significant variables such as human capital, income distribution, and fertility in conventional growth models, along with capital market imperfections, externalities, and non-convexities, strengthens the viability of club convergence as a competing hypothesis with conditional convergence. |
| 主题 | International Macroeconomics |
| 关键词 | Club convergence Conditional convergence Growth Income distribution Multiple steady-state Overlapping-generations |
| URL | https://cepr.org/publications/dp1332 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/530478 |
| 推荐引用方式 GB/T 7714 | Marco Pagano,Luigi Zingales,Fabio Panetta. DP1332 Why Do Companies Go Public? An Empirical Analysis. 1996. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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