Finance and growth emerged as a distinct field of economics during the last three decades as economists integrated the fields of finance and economic growth and then explored the ramifications of the functioning of financial systems on economic growth, income distribution, and poverty. In this...

Contents: Part I Theory and evidence on finance and growth -- 1. Financial development and innovation-led growth / Phillippe Aghion, Peter Howitt and Ross Levine -- 2. Financial structure, economic growth and development / Franklin Allen, Xian Gu and Oskar Kowalewski -- 3. Evidence on finance...

Recommended readings (Machine generated): Vol I: 1. Jeremy Greenwood and Boyan Jovanovic (1990), 'Financial Development, Growth, and the Distribution of Income', Journal of Political Economy, 98 (5), October, 1076-107 -- 2. Valerie R. Bencivenga and Bruce D. Smith (1991), 'Financial...

This paper uses new data and new econometric techniques to investigate the impact of international financial integration on economic growth and also to assess whether this relationship depends on the level of economic development, financial development, legal system development, government...

How far is the world away from ensuring that every child obtains the basic skills needed to be internationally competitive? And what would accomplishing this mean for world development? Based on the micro data of international and regional achievement tests, we map achievement onto a common...

We use the elements of a macroeconomic production function—physical capital, human capital, labor, and technology—together with standard growth models to frame the role of religion in economic growth. Unifying a growing literature, we argue that religion can enhance or impinge upon economic...