Technological Dualism, Incomplete Financial Markets and Economic Development

Gilles Saint-Paul

Research output: Contribution to journalArticlepeer-review


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
Issue number1
StatePublished - Jun 1992

ASJC Scopus subject areas

  • Geography, Planning and Development
  • Development
  • General Economics, Econometrics and Finance


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