across the different ethnic groups studied. Once started, we found that the sources of additional finance available to these …

The literature highlights the role of finance in growth. There is evidence on the connection (correlation and … causalities) between deeper finance (banking and non banking) and growth. We ask if some countries achieve better results, in … terms of growth, with comparable levels of finance. To answer the question we construct a best practices frontier, where we …

Abstract The question of aggregate welfare over time makes business cycle studies important. Finance studies allocation … uncertainty. This paper attempts to shed light on how finance can be integrated into business cycle theory to provide richer and …