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- Title
FACTORS DETERMINING THE INTEREST RATE.
- Authors
Davies, George R.
- Abstract
The article attempts to show the correlations of the major factors determining the interest rate. According to the article, as science becomes embodied in machinery, it tends to raise the interest rate but a completion of the impulse of growth is likely to be marked by low interest again. The article states that when a developed area comes into trade and investment relations with a more backward but potentially rich community, it experiences a reflex of further growth which affects the earnings of both capital and labor.
- Subjects
INTEREST rates; ECONOMIC indicators; ECONOMIC development; MACHINERY -- Economic aspects; CAPITAL; LABOR
- Publication
Quarterly Journal of Economics, 1920, Vol 34, Issue 3, p445
- ISSN
0033-5533
- Publication type
Article
- DOI
10.2307/1883361