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Joseph A. Schumpeter is one of the most famous economists of the 20th century and the ’patron saint’ of the finance and … important variables of the finance and growth literature. Our empirical analysis above all supports Schumpeter’s view that …
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Sustainable economic growth requires financial sector development. However, financial development is low in Ethiopia. Hence, the main objective of the study was to examine determinants of financial development in Ethiopia. Annual data from 1980 to 2019 was used and examined by ARDL estimation...
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This study describes the Chinese growth model over the past 40 years. We show that China's growth model, with its dominant role of the banking system and "the banker", is a perfect illustration of the necessity and power of Schumpeter's "monetary analysis". This approach has allowed us to...
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