Manning, Mark J - In: Contributions in Macroeconomics 3 (2003) 1
In recent years, a number of studies have found in favour of a causal link between finance and growth. This paper … separate coefficients for OECD and non-OECD member countries. We find that finance has a greater impact upon growth in non …-OECD countries, with bank finance of particular importance. Second, we explore the issue of identification, concluding that it is …