A model is built in which, the more incomplete financial markets are, the more technological dualism is prevalent in the economy. The model is extended to show that, through dualism and technological choice, incomplete financial markets can have a negative impact on long-run growth.
|Original language||English (US)|
|Number of pages||14|
|Journal||Journal of International Trade and Economic Development|
|State||Published - Jun 1992|
ASJC Scopus subject areas
- Geography, Planning and Development
- Aerospace Engineering