stock market positively associate with higher industrial growth volatility, which contrasts sharply with the finding in the …This paper investigates whether volatility of financial development plays a role in determining industrial growth … volatility. Three key findings emerge. First, overwhelming evidence supports the view that more volatile financial development …

stock market positively associate with higher industrial growth volatility, which contrasts sharply with the finding in the …This paper investigates whether volatility of financial development plays a role in determining industrial growth … volatility. Three key findings emerge. First, overwhelming evidence supports the view that more volatile financial development …

(financial) development, exerts any nontrivial effect on industrial growth volatility. We show that bank concentration magnifies … industrial growth volatility, but reduces the volatility in sectors with higher external liquidity needs. The reduction in … industrial growth volatility mostly reflects the smoothing in the variance of real value added per firm growth. Finally a variety …