explore the relationship between asset growth, investment, and cash flow and find that firms use all available internal funds … to channel towards asset growth even during the financial crisis. We conclude that firms in Asia were resilient to the …

The Finance-Growth Nexus is a classical source of debate among economists. This contribution offers regional evidence … countries. The results for this application support the view that finance leads growth, reject its possible endogeneity and …

In this paper, we show that the regional finance-growth nexus in Italy is robust to a series of innovations with … a thorough investigation of the nonlinearities in the relation between finance and growth. Our results show that, while … local financial development is a key factor for economic growth, in regions with inefficient courts more credit might …

finance regressions generates a rich set of new empirical predictions, e.g. on convergence and divergence, and on the growth … countries, and why some countries diverge from the world technology frontier in terms of their per capita GDP levels or growth … in explaining cross-country growth performance and cross-country convergence and divergence, following Lucas …

system is an essential aspect of the growth process. We focus on one component of this evolution: the increasing importance … of equity markets as an economy grows. We develop a growth model where capital accumulation is financed externally …

We develop a sieve bootstrap range test for poolability of cointegrating regressions in dependent panels and evaluate …

We show how to easily implement a Roy-Zellner test for poolability in STATA and we offer an application to the Grunfeld …

We develop a sieve bootstrap range test for poolability of cointegrating regressions in dependent panels and evaluate …