Title

Real and Financial Sector Linkages in China and India

Jahangir Aziz

Real and Financial Sector Linkages in China and India

In the spirit of what is known as business cycle accounting, this paper finds that the investment wedge—the gap between household rates of intertemporal substitution and the marginal product of capital—is large and quantitatively significant in explaining China's and India's growth...
Topics: 
Economy
Keywords: 
Finance, Reform, India, Investment