Credit Constraints, Political Instability, and Capital Accumulation

WP/13/246

Credit Constraints, Political Instability, and Capital Accumulation
We investigate the complex interactions between credit constraints, political instability, and capital accumulation using a novel approach based on Kiyotaki and Moore's (1997) theoretical framework. Drawing on a unique firm-level data set from Middle-East and North Africa (MENA), empirical findings point to a large and significant effect of... READ MORE...

Publication date: December 2013
ISBN 9781484303085
$18.00

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Publication date: December 2013

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Publication date: December 2013

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