Series: IMF Working Papers
Author(s): Jahangir Aziz
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 April 2008
Keywords: Growth accounting, financial distortions, financial reforms, cost of capital, gnp, capital income, growth rate, growth model,
In the spirit of what is known as business cycle accounting, this paper finds that the investment wedge-the gap between household's rate of intertemporal substitution and the marginal product of capital-is large an...