Basics, non-basics, money and credit : a development perspective

We approach the developing economy through an agriculture/industry and basics/ non-basics demarcation. A Classical-Keynesian rationale for the high interest rates in the country and low interest rates in the town is provided. The institutional requirement is for a strongly inequality-reducing state, intervening in the financing and production of basics and, correspondingly, setting in place disincentives to the production of non-basics.

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Year of publication:	2004
Authors:	Correa, Amelia ; Correa, Romar
Published in:	Philippine Review of Economics. - School of Economics. - Vol. 41.2004, 2, p. 93-102
Publisher:	School of Economics
Subject:	Basics \| non-basics \| interest rates

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Extent:	application/pdf
Type of publication:	Article
Classification:	E11 - Marxian; Sraffian; Institutional; Evolutionary ; E12 - Keynes; Keynesian; Post-Keynesian ; O11 - Macroeconomic Analyses of Economic Development
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10008672436