Herzer, Dierk (contributor); Klasen, Stephan (contributor); … - 2006
, this ability may be restricted by
underdeveloped local financial markets.
1
Despite these potential negative effects … base, the degree of openness in the economy, and the extend of the
development of domestic financial markets.
In this … level of development of local financial markets is crucial
for these positive effects to be realised. The logic behind this …