Credit Constraints, Political Instability, and Capital Accumulation /

We investigate the complex interactions between credit constraints, political instability, and capital accumulation using a novel approach based on Kiyotaki and Moore's (1997) theoretical framework. Drawing on a unique firm-level data set from Middle-East and North Africa (MENA), empirical find...

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Bibliographic Details
Main Author: Herrala, Risto
Other Authors: Turk-Ariss, Rima
Format: Journal
Language:English
Published: Washington, D.C. : International Monetary Fund, 2013.
Series:IMF Working Papers; Working Paper ; No. 2013/246
Online Access:Full text available on IMF