| 000 -LEADER |
|---|
| fixed length control field |
01392nam a22001577a 4500 |
| 008 - FIXED-LENGTH DATA ELEMENTS--GENERAL INFORMATION |
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| fixed length control field |
210710b ||||| |||| 00| 0 eng d |
| 100 ## - MAIN ENTRY--PERSONAL NAME |
|---|
| Personal name |
Bauer, Christian et al |
| 245 ## - TITLE STATEMENT |
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| Title |
Distortions, misallocation and the endogenous determination of the size of the financial sector |
| 260 ## - PUBLICATION, DISTRIBUTION, ETC. (IMPRINT) |
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| Place of publication, distribution, etc |
The Economic Journal: A Journal of the Royal Economic Society |
| 300 ## - PHYSICAL DESCRIPTION |
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| Extent |
130(625), Jan, 2020: p.24-49 |
| 520 ## - SUMMARY, ETC. |
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| Summary, etc |
We present a model of heterogeneous firms and misallocation in which financial frictions are partially overcome if more human resources are devoted to intermediation, at the cost of having fewer resources employed in directly productive activities. Not only does an inefficient financial sector result in an inefficient final good sector; an inefficient final good sector results in an inefficient financial sector. Exogenous inefficiencies in the productive sector generate decreased demand for financial services, which translates into a smaller and less efficient financial sector, worsening the resource allocation in the productive sector. This direction of causality seems in line with cross-country evidence. – Reproduced |
| 650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM |
|---|
| Topical term or geographic name as entry element |
Production, Pricing, Market Structure, Size Distribution of Firms, Industrial Organization |
| 9 (RLIN) |
26507 |
| 773 ## - HOST ITEM ENTRY |
|---|
| Main entry heading |
The Economic Journal: A Journal of the Royal Economic Society |
| 906 ## - LOCAL DATA ELEMENT F, LDF (RLIN) |
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| Subject DIP |
INDUSTRIAL ORGANIZATION |
| 942 ## - ADDED ENTRY ELEMENTS (KOHA) |
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| Item type |
Articles |
