University College London / Harvard College / Massachusetts Institute of Technology / Harvard University / New York University / /
IndustryTerm
poor transportation facilities / bank / purchase capital equipment / production technology / /
Organization
New York University / Harvard University / University College London / National Science Foundation / London School of Economics / Massachusetts Institute of Technology / Harvard College / McArthur Foundation / /
Person
PHILIPPE AGHION ABHIJIT BANERJEE THOMAS / Peter Diamond / ABHIJIT BANERJEE THOMAS PIKETTY / Ricardo Caballero / Patrick Bolton / Paul A. Samuelson / Olivier Blanchard / /
Position
President / Fisher / second author / /
ProvinceOrState
Punjab / Massachusetts / /
PublishedMedium
The Quarterly Journal of Economics / QUARTERLY JOURNAL OF ECONOMICS / /
DUALISM AND MACROECONOMIC VOLATILITY* PHILIPPE AGHION ABHIJIT BANERJEE THOMAS PIKETTY This paper develops a simple macroeconomic model that shows that combining capital market imperfections together with unequal access t