Trew, Alex (contributor) - 2007
). ‘Financial Development, Growth and the
Distribution of Income’. Journal of Political Economy, 98(5):1076–1107.
25
Gregory, T. E …
intermediation, t∗. So there is simply a wedge in between what firms pay for human
capital and what agents receive, where the … and
what borrowers pay. But λf is not depth; inequality (15) is the condition under which
increases in efficiency also …