Government Inefficiency: Crowding Out and High Debt Ratio in China
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After the global financial crisis in 2008-2009, the global debt increased substantially and was mainly driven by governmental and nonfinancial corporate debt. However, the rise in nonfinancial debt occurred mainly within emerging economies (Abraham et al.,
Government Inefficiency: Crowding Out and High Debt Ratio in China
Government Inefficiency: Crowding Out and…
Government Inefficiency: Crowding Out and High Debt Ratio in China
After the global financial crisis in 2008-2009, the global debt increased substantially and was mainly driven by governmental and nonfinancial corporate debt. However, the rise in nonfinancial debt occurred mainly within emerging economies (Abraham et al.,