Investment and financial restraints: theory and evidence
This paper examines investment decisions in an economy with two financial markets: an official market, which is subject to rationing due to an interest rate ceiling, and an unrestricted market, with a higher interest rate. In this context, the long-run equilibrium aggregate capital stock is unambigu...
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| Aineistotyyppi: | Journal article |
| Julkaistu: |
2000
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