Exploring The Role of Limited Commitment Constraints in Argentina’s "Missing Capital"
收藏NBER2019-10-01 更新2025-01-04 收录
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https://www.nber.org/papers/w26359
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资源简介：
We study why capital accumulation in Argentina was slow in the 1990s and 2000s, despite high productivity growth and low international interest rates. We show that limited commitment constraints introduce two mechanisms. First, the response of investment to a total factor productivity increase is
提供机构：
美国国家经济研究局
创建时间：
2019-10-01
