Savings, Growth and Capital Markets Imperfections : The Case of Borrowing Constraints

The Case of Borrowing Constraints

Savings, Growth and Capital Markets Imperfections : The Case of Borrowing Constraints
This paper studies the effects that borrowing constraints have on savings and growth and argues that, though they increase savings, their effect on growth is ambiguous. Empirical evidence on the extent of borrowing constraints as well as savings, investment, human capital accumulation and growth performance for industrialized countries is... READ MORE...

Publication date: March 1993
ISBN 9781451844979
$15.00

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