Explaining Economic Growth with Imperfect Credit Markets /
The purpose of this paper is to explain the humped-shaped behavior of the growth rate. Within a dynamic general equilibrium framework, it is found that, in the early stages of development, the source of growth is the reallocation of resources from sectors low-productivity sectors to high-productivit...
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| 格式: | 雜誌 |
| 語言: | English |
| 出版: |
Washington, D.C. :
International Monetary Fund,
2000.
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| 叢編: | IMF Working Papers; Working Paper ;
No. 2000/193 |
| 在線閱讀: | Full text available on IMF |