Financial liberalization may have a positive effect on growth not only through the increase in the quantity of the available funds, but also through a more efficient allocation of resources across firms and sectors. Despite this intuitive appeal, there is little empirical evidence on the positive effect of financial liberalization on capital allocation. The main difficulty of investigating the linkage between liberalization of financial markets and...
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详细
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2011/05/01
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WPS5670
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1
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1
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2011/05/01
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Disclosed
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Financial liberalization and allocative dfficiency of capital
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Poverty Reduction & Economic Management