A Multi-industry Model of Growth with Financing Constraints /
This paper develops a multi-industry growth model in which firms require external funds to conduct productivity-enhancing R and D. The cost of research is industry-specific. The tightness of financing constraints depends on the level of financial development and on industry characteristics. Over tim...
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| Format: | Journal |
| Language: | English |
| Published: |
Washington, D.C. :
International Monetary Fund,
2009.
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| Series: | IMF Working Papers; Working Paper ;
No. 2009/119 |
| Online Access: | Full text available on IMF |