數量經濟學研討會          [20171116]      
 
   
      報告題目：The Persistence of Development Dynamics: the Role of Financial Frictions and Mobility Distortions          報告人：楊誒          報告時間：2017年11月16中午12:20          報告地點：明德主樓729          
         內容簡介：Successful economic reforms produce long-lasting transitional dynamics for developing countries. This paper analyzes how financial frictions and mobility distortions generate the persistence of post-reform development dynamics. I build a general equilibrium model with heterogeneous agents, occupation choice and rural-urban migration, and I calibrate it to China. The mobility distortion is an occupation distortion and it restricts a proportion of agents to the low-productive sector. A removal of distortions triggers the transition of the economy. The transitional path from calibration displays slow convergence. It shows persistent increases in output, productivity and urbanization, mimicking the patterns observed in data. Compared with the literature that uses tax distortions, the economy with mobility distortions generates much slower convergence. The model also generates the rural-urban migration, which contributes to the persistence, by providing high-ability workers and potential entrepreneurs after the reform.                     報告人簡介：楊誒，上海財經大學金融學院助理教授，波士頓大學經濟學博士      
      數量經濟教研室          運籌學與數量經濟研究所          中國人民大學經濟學院          2017年11月      
 
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