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A recently much debated issue is why observed investment and growth rates inpoor countries are lower than traditional … theory predicts. Empirical evidencesuggests that social and political instability is a major reason for thedivergence between … investment rates is notmonotonic but follows a hump-shaped pattern. The empirical evidence shows thatalthough very poor economies …
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The emphasis in post-Keynesian macroeconomics on wage- versus profit- led growth may not have been helpful. The profit share is not an exogenous variable, and the correlations between the pro.t share and economic growth can be positive for some exogenous shocks but negative for others. The...
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more favourable loan package; that it is associated with over-investment even when investment does not create collateral …
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more favourable loan package; that it is associated with over-investment even when investment does not create collateral …
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favorable loan package; that it is associated with over-investment even when investment does not create collateral; and that low …
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reach a ‘trigger point’ involving either broad-based investment in further growth, or shrinking back to previous levels. We …
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