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Money and Capital in Economic Development



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Presents a theory of economic development very different from the "stages of growth" hypothesis or strategies emphasizing foreign aid, trade, or regional association. Leaving these aside, the author suggests a "bootstrap" approach in which successful development would depend largely on policy choices made by national authorities in the developing countries themselves.






Presents a theory of economic development very different from the "stages of growth" hypothesis or strategies emphasizing foreign aid, trade, or regional association. Leaving these aside, the author suggests a "bootstrap" approach in which successful development would depend largely on policy choices made by national authorities in the developing countries themselves.


who can promote economic growth unlock new pools of investment capital and finance the next generation of infrastructure. The indigenous bankers played a predominant role in Indias economic life. external link. 1.1 Background of Study. Money and Capital in Economic Development A Test of the McKinnon Hypothesis for Nepal A Note by John Thornton and Sri Ram Poudyal In an important book McKinnon 1973 offered the hypothesis that in developing countries the demand for money broadly defined is complementary to the demand for physical capital. It was expected that their reliance on official sources of.


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Read this book using Google Play Books app on your PC android iOS devices. MONEY AND CAPITAL in Economic Development This book presents a theory of economic development very different from the stages of growth hypothesis or strategies emphasizing foreign aid trade or regional association. McKinnon 1973 Brookings Institution edition in English. dm63cfd07d251834bd5a1cbe7cdef300ba. Hence all researchers consider that human capital is the most important resource of the community more powerful than natural or wealth. Human capital and economic growth have a strong correlation. This books presents a theory of economic development very different from the stages of growth hypothesis or strategies emphasizing foreign aid trade or regional association. by SL Schreft 1994 this situation higher rates of money growth lead to lower steady state capital stocks and reduced economic development.6. Washington D.C. McKinnon Ma This books presents a theory of economic development very different from the stages of growth hypothesis or. by MJ Fry 1978 Cited by 675 THIS PAPER PRESENTS AN EMPIRICAL TEST of models of finance in economic development developed by McKinnon 9 and Shaw 15.


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