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Productivity and Financial Sector Policies: Evidence from South East Asia

Abstract:

This paper uses primary data collected from the Central Bank reports to examine the influence of financial sector policies on the average productivity of capital in five South East Asian economies. The data include measures of `repressionist' policies encompassing interest rate controls, directed credit programmes and reserve and liquidity requirements. We use time series techniques to examine whether these policies have a statistically significant influence on the average productivity of cap...

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Publication date:
1998-01-01
UUID:
uuid:adc7862e-51ac-4a76-88aa-8543f8a4c8cf
Local pid:
oai:eureka.sbs.ox.ac.uk:1292
Deposit date:
2011-12-02

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