Hsu, Sara (2012): Financial Capital Overaccumulation.
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Overaccumulation of financial capital at the expense of the real sector resulted in falling wages as well as in the most recent global financial crisis. This is a topic of increasing interest, as the idea that some developed economies have reached a stage of overfinancialization has gained some following. In this paper, we lay out a model of overaccumulation, which can be used as a constraint on any growth model.
|Item Type:||MPRA Paper|
|Original Title:||Financial Capital Overaccumulation|
|Keywords:||finance; speculation; overaccumulation; accumulation; growth model; growth|
|Subjects:||O - Economic Development, Innovation, Technological Change, and Growth > O4 - Economic Growth and Aggregate Productivity > O40 - General
G - Financial Economics > G0 - General > G01 - Financial Crises
|Depositing User:||Sara Hsu|
|Date Deposited:||04. Oct 2012 10:40|
|Last Modified:||01. Mar 2013 00:18|
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