operation of the financial system and economic growth. While subject to ample qualifications and countervailing views, the … preponderance of evidence suggests that both financial intermediaries and markets matter for growth and that reverse causality alone … economic growth. The paper highlights many areas needing additional research. …

This paper examines whether financial development boosts the growth of small firms more than large firms and hence … provides information on the mechanisms through which financial development fosters aggregate economic growth. We define an … a disproportionately large effect on the growth of industries that are technologically more dependent on small firms …

This paper examines whether financial development boosts the growth of small firms more than large firms and hence … provides information on the mechanisms through which financial development fosters aggregate economic growth. We define an … a disproportionately large effect on the growth of industries that are technologically more dependent on small firms …

The authors examine whether financial development boosts the growth of small firms more than large firms and hence … provides information on the mechanisms through which financial development fosters aggregate economic growth. They define an … a disproportionately large effect on the growth of industries that are technologically more dependent on small firms …