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Access to finance, product innovation and middle-income traps (English)

Abstract

This paper studies interactions between access to finance, product innovation, and labor supply in a two-period overlapping generations model with an endogenous skill distribution and credit market frictions. In the model lack of access to finance (induced... See More +

Details

  • Agenor, Pierre-Richard; Canuto, Otaviano;
  • 2014/02/01
  • Policy Research Working Paper
  • WPS6767
  • 1 of 1
  • World
  • The World Region
  • 2014/02/01
  • Access to finance, product innovation and middle-income traps
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