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Claessens and Laeven first estimate for 16 countries a measure of banking system competition based on industrial organization …' banking systems allows financially dependent industries to grow faster. These results are robust under a variety of tests. The … in banking"--World Bank web site …
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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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How the relative development of a country's stock market and banking system affects firms' growth is closely tied to … relative development of the stock market or banking system may have implications for which firms and which projects get …
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