The study extends the debate on finance versus institutions and measurement of property rights institutions. We assess … correlate of private investment than financial intermediary development. The interaction of finance and governance is not … the relationships between various components of property rights institutions and private investment, notably: political …

to adopt the right policies for economic development, etc. And yet Greece is probably the only country in the world which … does not differentiate Finance from Economics, e.g. people say "my oikonomika" (economics) in order to mean "my finance … it is used for investment. The present confusion of finance and economics words and concepts in Greece is shown in this …

Financial development indicators are often applied to countries/regions without taking into account specific financial … development realities. Financial depth in the perspective of monetary base is not equal to liquid liabilities in every development … context. This paper introduces complementary indicators to the existing Financial Development and Structure Database (FDSD …

We analyze 1334 estimates from 67 studies that examine the effect of financial development on economic growth. Taken …. Studies that do not address endogeneity tend to overstate the effect of finance on growth. While the effect seems to be weaker …

This paper reviews the literature on the finance-growth nexus within a neoclassical growth framework, placing an … Agenda. While more research is needed to establish causality and verify the theoretical channels linking access to finance … countries financial development fosters aggregate growth mainly by lowering the cost of capital, while in advanced economies by …

financial resources of the countries they leave. This paper critiques existing policy proposals to address the development …