Paper provides analysis of the impact of interest rates on manufacturing's share of GDP across countries and argues that 1) interest rates differently affects tradable and non-tradable sectors, 2) manufacturing is more sensitive to interest rate fluctuations than the non-tradable sectors, and 3)...

There are some views explaining unbalanced growth, but the impact of interest rates on the structure of the economy has still been poorly investigated. This paper assesses the impact of interest rates on the productive structure of the economy. It is argued that as interest rates are fixed,...

The paper notes that one of the conditions for the development of innovations is economic equilibrium. One of the tools to achieve economic equilibrium is the interest rate. However, interest rate is characterized by rigidity, which, by hindering the achievement of economic equilibrium, has a...