Now showing items 1-9 of 9

    • Bank-based versus Market-based Financial Systems: A Growth-theoretic Analysis 

      Chakraborty, Shankha; Ray, Tridip (University of Oregon, Dept. of Economics, 2003-02-01)
      We study bank-based and market-based financial systems in an endogenous growth model. Lending to firms is fraught with moral hazard as owner-managers may reduce investment profitability to enjoy private benefits. Bank ...
    • Battling Infection, Fighting Stagnation 

      Chakraborty, Shankha; Papageorgiou, Chris (University of Oregon, Dept of Economics, 2010-09)
      Why are some countries mired in poverty and ill health? Can policy facilitate their transition to sustained growth and better living standards? We offer answers using a dynamic model of disease and development. Endogenous ...
    • Costly Intermediation and the Poverty of Nations 

      Chakraborty, Shankha; Lahiri, Amartya (University of Oregon, Dept. of Economics, 2003-01-01)
      Distortions in private investment due to credit frictions, and in public investment due to corruption and bureaucratic inefficiencies, have both been suggested as important factors in accounting for the cross-country per ...
    • The Development and Structure of Financial Systems 

      Chakraborty, Shankha; Ray, Tridip (University of Oregon, Dept. of Economics, 2003-11-01)
      We introduce monitored bank loans and non-monitored tradeable securities as sources of external finance for firms in a dynamic general equilibrium model. Due to frictions arising from moral hazard, access to credit and ...
    • Endogenous Lifetime and Economic Growth 

      Chakraborty, Shankha (University of Oregon, Dept. of Economics, 2002-01-26)
      Conventional wisdom attributes the severity of mortality in poorer countries to widespread poverty and inadequate living conditions. This paper considers the possibility that persistent poverty may arise, in turn, from a ...
    • Inequality, Industrialization and Financial Structure 

      Chakraborty, Shankha; Ray, Tridip (University of Oregon, Dept. of Economics, 2003-01-01)
      We introduce monitored bank loans and non-monitored tradeable securities as sources of external finance for firms in a dynamic general equilibrium model. Due to frictions arising from moral hazard, access to credit and ...
    • Mortality, fertility, and child labor 

      Chakraborty, Shankha; Das, Mausumi (University of Oregon, Dept. of Economics, 2003-12)
      We discuss how child labor problems may persist in developing countries when adult mortality risks are endogenous. Children provide current consumption through child labor and future consumption via an informal social ...
    • Mortality, Human Capital and Persistent Inequality 

      Chakraborty, Shankha; Das, Mausumi (University of Oregon, Dept. of Economics, 2003-03-20)
      Available evidence suggests high intergenerational correlation of economic status, and persistent disparities in health status between the rich and the poor. This paper proposes a novel mechanism linking the two. We introduce ...
    • What do Information Frictions do? 

      Bhattacharya, Joydeep; Chakraborty, Shankha (University of Oregon, Dept. of Economics, 2003-02-14)
      Numerous researchers have incorporated labor or credit market frictions within simple neoclassical models to (i) facilitate quick departures from the Arrow-Debreu world, thereby opening up the role for institutions, (ii) ...