"The authors examine whether financial development boosts the growth of small firms more than large firms and hence provides information on the mechanisms through which financial development fosters aggregate economic growth. They define an industry's technological firm size as the firm size...

"The relationships among competition in the financial sector, access of firms to external financing, and associated economic growth are ambiguous in theory. Moreover, measuring competition in the financial sector can be complex. In this paper Claessens and Laeven first estimate for 16 countries...

"Loayza and Rancire study the apparent contradiction between two strands of the literature on the effects of financial intermediation on economic activity. On the one hand, the empirical growth literature finds a positive effect of financial depth as measured by, for instance, private domestic...

Global Economic Prospects 2010: Crisis, Finance and Growth presents the World Bank's latest short-term forecasts. In addition, the report presents evidence that the financial boom played a critical role in the growth boom experienced by developing countries between 2003 and 2007, but that...

The world economy is emerging from the throes of a historically deep and synchronized recession provoked by the bursting of a global financial bubble. The consequences of the initial bubble and the crisis have been felt in virtually every economy, whether or not it participated directly in the...

India's Northeastern Region consists of eight states -- Arunachal Pradesh, Assam, Manipur, Meghalaya, Mizoram, Nagaland, Sikkim, and Tripura -- occupying 262,179 square kilometers and with a population of 39 million (2001 census). This report has come about at the request of the Indian...

Ecuador is a country with exceptional natural resource and environmental advantages and challenges. It is strategically located and has considerable oil reserves in the interior and the coastal region. This document does not aim to describe the state of the environment in Ecuador. Rather, its...