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Swarnajayanti Gram Swarozgar Yojana (SGSY) is a government-sponsored microfinance program. The scheme is based on four features: group lending with joint liability, progressive lending, back-ended subsidy, and social capital. We propose a new model of SGSY having these features: group lending...
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view (i.e., including human capital) of investment and saving. We find that the Feldstein-Horioka result is impervious to …
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long run economic relationship among the determinants of national saving in Ghana. The empirical results established that …
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related to not only domestic saving and international capital flows but also changes in the domestic money supply and credit … - 1974 - empirically support the theory. In contrast to the Feldstein-Horioka findings, a lower saving-investment coefficient …
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investment-specific technology shock, affects the transformation of consumption into investment goods and is identified with the …
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