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formulate a model of financing. New Keynesian theory emphasizes that a firm’s net worth influences investment decisions and … bank’s lending reaction to the net worth ratio is more elastic than investment reaction. When the steady state is the …
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This paper provides future researchers of economic structure with a model for building a social accounting matrix (SAM), that is, a unique countrywide database for use in structural analysis, and applies this model to the empirical investigation of the economic structure of Pakistan. Our...
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