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Real and financial sector linkages in China and India /

In the spirit of what is known as business cycle accounting, this paper finds that the investment wedge-the gap between household's rate of intertemporal substitution and the marginal product of capital-is large and quantitatively significant in explaining China's and India's growth....

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Detalles Bibliográficos
Clasificación:Libro Electrónico
Autor principal: Aziz, Jahangir (Autor)
Formato: Electrónico eBook
Idioma:Inglés
Publicado: [Washington, D.C.?] : International Monetary Fund, ©2008.
Colección:IMF working paper ; WP/08/95.
Temas:
Acceso en línea:Texto completo
Tabla de Contenidos:
  • I. INTRODUCTION; II. CHINA AND INDIA'S RECENT GROWTH EXPERIENCE; III. CHINA AND INDIA'S ECONOMY AS A NEOCLASSICAL GROWTH MODEL; IV. CALIBRATING THE GROWTH MODEL; V. SIMULATING THE SOLOW GROWTH MODEL; VI. INVESTMENT WEDGE; VII. INTERPRETING INVESTMENT WEDGES AS FINANCIAL FRICTIONS ; VIII. CONCLUSIONS; REFERENCES.