Showing 1 - 10 of 14
Persistent link: https://www.econbiz.de/10003764838
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
Persistent link: https://www.econbiz.de/10010523965
Persistent link: https://www.econbiz.de/10010524775
Persistent link: https://www.econbiz.de/10010525481
Persistent link: https://www.econbiz.de/10010525492
Persistent link: https://www.econbiz.de/10008748292
Persistent link: https://www.econbiz.de/10001762687
Persistent link: https://www.econbiz.de/10001390946
The first part of this paper reviews the literature on the relation between finance and growth. The second part of the paper reviews the literature on the historical and policy determinants of financial development. Governments play a central role in shaping the operation of financial systems...
Persistent link: https://www.econbiz.de/10012552258
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...
Persistent link: https://www.econbiz.de/10012553939