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A critical appraisal of McKinnon's complementarity hypothesis : does the real rate of return on money matter for investment in developing countries?
Moore, Tomoe - In: World development : the multi-disciplinary … 38 (2010) 3, pp. 260-269
Persistent link: https://www.econbiz.de/10003945031
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Large firms and soft budget constraints for transition economies
Moore, Tomoe - 2009
Persistent link: https://www.econbiz.de/10003799883
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A Critical Appraisal of Mckinnon's Complementary Hypothesis : Does the Real Rate of Return on Money Matter for Investment in Developing Countries?
Moore, Tomoe - 2010
McKinnon's (1973) complementarityy hypothesis predicts that money and investment are complementary due to self-financed investment, so that a real deposit rate is the key determinant of capital formation for developing economies. This paper critically appraises this contention by conducting a...
Persistent link: https://www.econbiz.de/10013138009