کد مقاله کد نشریه سال انتشار مقاله انگلیسی نسخه تمام متن
5055904 1371503 2010 10 صفحه PDF دانلود رایگان
عنوان انگلیسی مقاله ISI
Loan processing costs, information asymmetries and the speed of technology adoption
موضوعات مرتبط
علوم انسانی و اجتماعی اقتصاد، اقتصادسنجی و امور مالی اقتصاد و اقتصادسنجی
پیش نمایش صفحه اول مقاله
Loan processing costs, information asymmetries and the speed of technology adoption
چکیده انگلیسی
This paper presents a simple model in which credit-constrained firms might delay the adoption of new and more productive technologies because of the external financing costs involved. Applying for a loan can be a very costly process by itself. Where there is a high degree of credit rationing, these costs might even deter entrepreneurs from applying for a loan altogether. We argue that the efficiency of the banking system, by affecting such costs, can influence the profitability of new technologies and entrepreneur's investment decisions, which, in turn, influence new technology implementation, capital accumulation and growth.
ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Economic Modelling - Volume 27, Issue 1, January 2010, Pages 358-367
نویسندگان
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