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Information rigidity in growth forecasts : some cross-country evidence

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Stock markets, banks, and growth : correlation or causality

Beck, Thorsten - 2001

Analysis of a panel data set for 1976-98 shows that on balance stock markets and banks positively influence economic growth; findings that do not result from biases induced by simultaneity, omitted variables, or unobserved country-specific effects

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Bank-based or market-based financial systems : Which is better?

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