Financial fragility, patterns of firms' entry and exit and aggregate dynamics

被引：25
|
作者：
Gatti, DD
Gallegati, M
Giulioni, G
Palestrini, A
机构：
[1] Univ Cattolica Sacro Cuore, Ist Teoria Econ & Metodi Quantitat, I-20123 Milan, Italy
[2] Univ Ancona, Dipartimento Econ, I-60121 Ancona, Italy
[3] Univ Teramo, Dipartimento Sci Giuridiche Soc & Storia, I-64100 Teramo, Italy
来源：
JOURNAL OF ECONOMIC BEHAVIOR & ORGANIZATION | 2003年 / 51卷 / 01期
关键词：
financial fragility; industrial dynamics; capital accumulation; business fluctuations;
D O I：
10.1016/S0167-2681(02)00138-5
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
We model the entry-exit process of industrial dynamics within a theoretical framework, in which the financial conditions of firms affect capital accumulation. The patterns of entry and exit affect the dynamics of the distribution of firms which are differentiated by the equity ratio, i.e. the ratio of net worth to the capital stock. We perform numerical simulations to study the interactions among changes in financial fragility, industrial dynamics and the macroeconomic performance. (C) 2002 Elsevier Science B.V. All rights reserved.
引用
收藏
页码：79 / 97
页数：19
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