Abstract
In this book, an explanation of insufficient capital accumulation in a developing economy is offered in terms of the distribution of assets and income. It is shown that given an unequal distribution of assets and income and the resulting market imperfections, especially credit market imperfection, in many developing countries, the income groups which can and in fact do save may not use their savings for capital accumulation.
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References
Bhaduri, A. (1983). The Economic Structure of Backward Agriculture. Cambridge, MA: Academic Press.
Leibenstein, H. (1957). Economic Backwardness. New York: Wiley.
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Dasgupta, A.K. (2018). Introduction. In: Income Distribution, Market Imperfections and Capital Accumulation in a Developing Economy. Palgrave Pivot, Singapore. https://doi.org/10.1007/978-981-13-1633-3_1
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DOI: https://doi.org/10.1007/978-981-13-1633-3_1
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Publisher Name: Palgrave Pivot, Singapore
Print ISBN: 978-981-13-1632-6
Online ISBN: 978-981-13-1633-3
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