Communications Project

Document Type:Dissertation
Name:Fu-Sheng Hung
Title:Essays on Financial Market Development and Economic Growth
Degree:Doctor of Philosophy
Committee Chair: Richard Cothren
Committee Members:Randal Verbrugge, Co-Chair
Randal Verbrugge
Andrew Feltenstein
Djavad Salehi-Isfahani
Keywords:Credit Markets, Growth, Asymmetric Information, Credit Rationing, Screening.
Date of defense:April 28, 1998
Availability:Release the entire work for Virginia Tech access only.
After one year release worldwide only with written permission of the student and the advisory committee chair.


This dissertation is a collection of essays on financial market development and economic growth. In contrast to existing literature, which considers credit for investment along, we investigate the relationship between credit market development and economic growth in the framework where both investment and consumption are financed via credit markets. The environment developed on this dissertation creates a role for each kind of credit to play. First, credit market conditions of entrepreneurs and consumers are related and depend on each other. Second, the interactions between consumers and entrepreneurs are of importance for economic growth. The models are empirically relevant, as they can explain why the effect of credit market development on economic growth appears to differ between high-income and middle- and low-income countries.

List of Attached Files

aFIRST.PDF ch1.pdf ch2.pdf
ch3.pdf dLAST.pdf

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