Technological Dualism, Incomplete Financial Markets and Economic Development

Gilles Saint-Paul

Research output: Contribution to journalArticle

Abstract

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 languageEnglish (US)
Pages (from-to)13-26
Number of pages14
JournalJournal of International Trade and Economic Development
Volume1
Issue number1
DOIs
StatePublished - Jun 1992

ASJC Scopus subject areas

  • Geography, Planning and Development
  • Development
  • Aerospace Engineering

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