SÉMINAIRE DE RECHERCHE EN ÉCONOMIE - GATE LYON SAINT-ÉTIENNE : Ngoc-Sang Pham
Le 13 décembre 2022
10h30 -11h45
Salle du Conseil 202 (2ème étage)
77 rue Michelet
42023 Saint Etienne
Campus Tréfilerie - GATE Lyon Saint-Étienne
Ngoc-Sang Pham, EM Normandie, présentera un séminaire intitulé : Impacts of (individual and aggregate) productivity and credit shocks on equilibrium aggregate production.
Résumé / abstract : In a market economy, the aggregate production level depends not only on the aggregate variables but also on the distribution of individual characteristics (e.g., productivity, credit limit, ...). We point out that, due to financial frictions the equilibrium aggregate production may be non-monotonic in both individual productivity and credit limit. By consequence, the emergence of some firms (for example, improving productivity or relaxing credit limit) may not necessarily be beneficial to economic development.