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Growth and Financial Liberalization under Capital Collateral Constraints: The Striking Case of the Stochastic AK model with CARA Preferences
Boucekkine, Raouf
;
Fabbri, Giorgio
;
Pintus, Patrick A.
-
2013
not. In this framework, long-term growth is entirely driven by
precautionary
savings
. In particular, we show that the …
Persistent link: https://www.econbiz.de/10010900301
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