We show that financial development has a non-monotonic effect on growth in the Rajan and Zingales (1998) and Fisman and … Love (2007) sample. Beyond a threshold, financially dependent industries and industries facing good growth opportunities …

We find that an expansion of credit has a positive effect on per capita output growth only up to a point. Beyond this … threshold the impact of finance on growth is not statistically significant anymore. We show, however, that the estimated non … impact on growth in mature financial systems, and include the magnitude of financial cycles as well as the importance of non …

business. As a result idiosyncratic risk discourages entrepreneurial activity and hinders growth, with the effects being … and dispersion of productivity 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 … interacting financial development with macroeconomic variables such as average productivity or output volatility in growth and …

This paper examines the relationship between stock market development and economic growth in case of Argentina … growth. …

Union, volatile trends were recorded in the country in terms of both economic growth and financial performance. In the early … stages, lack of human capital and hard currency reserves prevented rapid economic growth and creation of welfare. The … priority was given to institutional reforms in order to achieve sustainable growth under low inflation and financial stability …

Micro, small and medium-sized firms (MSMEs) are a key source of employment and economic growth in Indonesia. They …, curbing their role in boosting living standards. There are several ways to spur MSME productivity growth over the medium term …

Following Rajan and Zingales's (1998) pioneering study, many empirical studies have tested the differential growth … development and its economic growth. We suggest a new indicator based on the new EU-Efige/Bruegel-UniCredit survey database, which … relationship between financial development and economic growth by analyzing a sample of Central and Eastern European economies …