Series: IMF Working Papers
Author(s): Damiano Sandri
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 February 2010
Keywords: Investment Risk, Saving, Financial Development, Growth, entrepreneurs, entrepreneurship, Mathematical Methods And Programming, Production, Employment, And Investment
This paper shows that the behavior of entrepreneurs facing incomplete financial markets and risky investment can explain why growth accelerations in developing countries tend to be associated with current account i...