宏觀(guān)經(jīng)濟(jì)學(xué)討論班

總第111期

中國(guó)人民大學(xué)宏觀(guān)經(jīng)濟(jì)學(xué)討論班（Macroeconomics Seminar）旨在追蹤宏觀(guān)經(jīng)濟(jì)學(xué)國(guó)際最新進(jìn)展，倡導(dǎo)構(gòu)建符合國(guó)情的動(dòng)態(tài)優(yōu)化模型（尤其是Bewley模型）并使用計(jì)算機(jī)模擬研究中國(guó)經(jīng)濟(jì)改革與發(fā)展的重大問(wèn)題。

【時(shí)間】2012年4月10日（周二）12：15－13：45

【地點(diǎn)】明主0304教室

【主持】陳彥斌教授

【主講】陳樸 博士　經(jīng)濟(jì)學(xué)院講師，畢業(yè)于明尼蘇達(dá)大學(xué)

【主題】Finance and Development: A Tale of Two Sectors（AER，2011）

【摘要】We develop a quantitative framework to explain the relationship between aggregate/sector-level total factor productivity (TFP) and financial development across countries. Financial frictions distort the allocation of capital and entrepreneurial talent across production units, adversely affecting measured productivity. In our model, sectors with larger scales of operation (e.g., manufacturing) have more financing needs, and are hence disproportionately vulnerable to financial frictions. Our quantitative analysis shows that financial frictions account for a substantial part of the observed cross-country differences in output per worker, aggregate TFP, sector-level relative productivity, and capital-to-output ratios.

聯(lián)系人：姚一旻

Yaoyimin123@sina.com

經(jīng)濟(jì)學(xué)院

中國(guó)經(jīng)濟(jì)改革與發(fā)展研究院