Savings, Growth and Capital Markets Imperfections : The Case of Borrowing Constraints /
This paper studies the effects that borrowing constraints have on savings and growth and argues that, though they increase savings, their effect on growth is ambiguous. Empirical evidence on the extent of borrowing constraints as well as savings, investment, human capital accumulation and growth per...
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| Format: | Journal |
| Language: | English |
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Washington, D.C. :
International Monetary Fund,
1993.
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| Series: | IMF Working Papers; Working Paper ;
No. 1993/031 |
| Online Access: | Full text available on IMF |