June 1, 2017 Thesis Open Access

Atnafu Gebremeskel

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{
  "DOI": "10.20372/nadre:4004", 
  "author": [
    {
      "family": "Atnafu Gebremeskel"
    }
  ], 
  "issued": {
    "date-parts": [
      [
        2017, 
        6, 
        1
      ]
    ]
  }, 
  "abstract": "<p>This doctoral dissertation consists of three inter-related studies which constitute<br>\nits main text, with introductory and summary chapters. The three main studies<br>\nshare a common feature in that they investigate the link between access to bank<br>\nloans, income distribution and productivity growth. The second chapter is a<br>\ntheoretical framework that uses agent-based computational economics (ACE) to<br>\ndetect the link between access to bank loans and functional income distribution.<br>\nThe third chapter uses Ethiopian firm-level and national income data to validate<br>\nthe second chapter. The fourth chapter investigates the effect of functional<br>\nincome distribution on productivity growth from an evolutionary economic<br>\nperspective.<br>\nThe second chapter (first study) focuses on Dosi et al.&rsquo;s (2013) agent-based<br>\nmodel which assumes that a well-functioning banking system exists and that<br>\nindustries are composed of both capital and non-capital goods&rsquo; producing<br>\nsectors. As such, monetary policy has a minimal role in impacting functional<br>\nincome distribution leading to an active use of macroeconomic policy. Chapter 2<br>\nmodifies this model to capture the realities of developing countries where the<br>\nbanking system&rsquo;s supply of services is smaller than what is considered optimal.<br>\nThe system is heavily influenced by inside agents and industries are dominated<br>\nby non-capital goods&rsquo; producing firms.</p>", 
  "title": "ACCESS TO BANK LOANS, INCOME DISTRIBUTION AND ECONOMIC GROWTH IN AGENT BASED MODELING: EVIDENCE FROM EVOLUTIONARY PERSPECTIVE", 
  "type": "thesis", 
  "id": "4004"
}