growth opportunities. Also,higher accountability and lower income inequality are associated with more ef-fective legal …

external capital and have greater growth opportunities. Also, higher accountability and lower income inequality are associated …

economic growth. It starts with the pioneers in this field and then classifies two main schools favouring liberal financial … literature on financial development and endogenous growth pushed the discussion back into the direction initially advocated by … financial development and economic growth. The evidence suggests, however, enormous heterogeneity across countries, regions …

. Consistent with the model's predictions, we show that higher sentiment among US investors leads to: (1) higher employment growth … worldwide; (2) lower labor productivity, as the growth in employment is not matched by real value added growth; and (3) positive … wage growth in countries with a greater proportion of high-skill labor, but negative wage growth otherwise. We also find …

removing barriers to bank entry on bank competition and economic growth. As governments were not concerned about systemic … free banking laws might have spurred economic growth by (1) increasing the money stock and the availability of credit; (2 … competitive banking market do not harm long-run economic growth in a system without public safety nets. …