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banking business in low-income countries; (2) the growing internationalization of these markets through the presence of … the Finance Team, Development Research Group - is part of a larger effort in the Bank to provide research on what works to …
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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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