Endogenous growth with imperfect capital market.

Lee Sui Fung.Thesis (M.Phil.)--Chinese University of Hong Kong, 1999.Includes bibliographical references (leaves 59-62).Abstract also in Chinese.Declaration --- p.iAcknowledgement --- p.iiTable of Contents --- p.iiiList of Illustrations --- p.vNotation --- p.viChapter Chapter 1 --- IntroductionChapter 1.1. --- Chapter Preview --- p.1Chapter 1.2. --- Literature Review --- p.1Chapter 1.2.1. --- The Development of Research on Endogenous Growth Model --- p.1Chapter 1.2.2. --- The Development of Research on Dependent-Economy Model --- p.3Chapter 1.2.3. --- The Development of Research on Capital Accumulation and Economic Growth --- p.4Chapter 1.3. --- Thesis Objectives --- p.6Chapter 1.4. --- Organization of the Thesis --- p.7Chapter 1.5. --- Chapter Summary --- p.8Chapter Chapter 2 --- The Endogenous Growth ModelChapter 2.1. --- Chapter Preview --- p.10Chapter 2.2. --- Theoretical Framework --- p.10Chapter 2.3. --- Determination of Macroeconomic Equilibrium --- p.16Chapter 2.3.1. --- Static Allocation Conditions --- p.17Chapter 2.3.2. --- Macrodynamic Equilibrium --- p.18Chapter 2.4. --- Chapter Summary --- p.21Chapter Chapter 3 --- The Steady-State EquilibriumChapter 3.1. --- Chapter Preview --- p.24Chapter 3.2. --- Conditions for Steady-State Equilibrium --- p.24Chapter 3.2.1. --- Existence and Uniqueness of Balanced Growth Equilibrium --- p.25Chapter 3.3. --- Long-Run Adjustment --- p.26Chapter 3.4. --- Application of the Model --- p.31Chapter 3.4.1. --- Increase in the Costs of Borrowing --- p.31Chapter 3.4.2. --- Increase in the Rate of Time Preference --- p.32Chapter 3.4.3. --- Increase in Domestic Productivity --- p.33Chapter 3.5. --- Chapter Summary --- p.33Chapter Chapter 4 --- The Transitional DynamicsChapter 4.1. --- Chapter Preview --- p.35Chapter 4.2. --- Derivation of Transitional Adjustment Paths --- p.35Chapter 4.3. --- Characterisation of the Transitional Dynamics --- p.38Chapter 4.3.1. --- Increase in the Costs of Borrowing --- p.41Chapter 4.3.2. --- Increase in the Rate of Time Preference --- p.43Chapter 4.4. --- Chapter Summary --- p.45Chapter Chapter 5 --- Conclusions --- p.46Appendix1 --- p.52Appendix2 --- p.58References --- p.5