Vaona, Andrea; Patuelli, Roberto - USI Università della Svizzera italiana - 2008
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 …