TY - BOOK ID - 85502392 TI - Bankruptcy Technology, Finance, and Entrepreneurship PY - 2017 SN - 1484315545 1484315502 PB - Washington, D.C. : International Monetary Fund, DB - UniCat KW - Labor KW - Macroeconomics KW - Money and Monetary Policy KW - Industries: Financial Services KW - Organizational Behavior KW - Transaction Costs KW - Property Rights KW - Intertemporal Consumer Choice KW - Life Cycle Models and Saving KW - Bankruptcy KW - Liquidation KW - Economic Development: Financial Markets KW - Saving and Capital Investment KW - Corporate Finance and Governance KW - Labor Demand KW - Monetary Policy, Central Banking, and the Supply of Money and Credit: General KW - Macroeconomics: Consumption KW - Saving KW - Wealth KW - Banks KW - Depository Institutions KW - Micro Finance Institutions KW - Mortgages KW - Innovation KW - Research and Development KW - Technological Change KW - Intellectual Property Rights: General KW - Labour KW - income economics KW - Monetary economics KW - Finance KW - Technology KW - general issues KW - Self-employment KW - Credit KW - Consumption KW - Loans KW - Self-employed KW - Economics KW - United States UR - https://www.unicat.be/uniCat?func=search&query=sysid:85502392 AB - Using an overlapping-generations growth model featuring financial intermediation, I find that inefficiencies in technology to deal with private debt distress (bankruptcy technology), and obstacles to entrepreneurship (high costs of doing business) have significant negative effects on the income per capita and welfare of developing countries. These inefficiencies may also interact in perverse ways, futher amplifying the negagtive effects in the long run. The results provide strong rationale for structural reforms that simultaneously speed up the resolution of private sector insolvency, improve creditor protection, and eliminate obstacles to entrepreneurship. ER -