Nonexistence of Harberger-Laursen-Metzler Effect with Endogenous Time Preference in an Imperfect Capital Market

<div>Nonexistence of Harberger-Laursen-Metzler effect.</div>

Economics Research International

Figure 4: Nonexistence of Harberger-Laursen-Metzler Effect with Endogenous Time Preference in an Imperfect Capital Market 