Studia Humana 10 (2):49-57 (2021)

In this paper, we analyse the simplest possible three-dimensional model of endogenous growth to account for the relationship between financial intermediation and economic growth. In our setting, households maximize an interim utility function and firms maximize profit. Households can save money only through banks which offer firms investment loans. We show that under very general assumptions, investments realized by firms depend not only on savings accumulated by banks but also on financial intermediation technology ϕ. Using mathematical methods of dynamical systems, we found stationary states of the system and study their stability.
Keywords No keywords specified (fix it)
Categories No categories specified
(categorize this paper)
DOI 10.2478/sh-2021-0012
Edit this record
Mark as duplicate
Export citation
Find it on Scholar
Request removal from index
Revision history

Download options

PhilArchive copy

Upload a copy of this paper     Check publisher's policy     Papers currently archived: 64,231
External links

Setup an account with your affiliations in order to access resources via your University's proxy server
Configure custom proxy (use this if your affiliation does not provide a proxy)
Through your library

References found in this work BETA

No references found.

Add more references

Citations of this work BETA

No citations found.

Add more citations

Similar books and articles

Conflicts of Interest in Financial Intermediation.Guido Palazzo & Lena Rethel - 2008 - Journal of Business Ethics 81 (1):193-207.


Added to PP index

Total views
2 ( #1,416,718 of 2,455,406 )

Recent downloads (6 months)
2 ( #303,137 of 2,455,406 )

How can I increase my downloads?


My notes