This paper seeks to add to the current debate about financial development and growth in the emerging world by looking … structures may be better suited to growth at certain stages of development but they may be less well suited in other … at how different financial systems evolve: how and why financial structures change during various stages of development …

This paper seeks to add to the current debate about financial development and growth in the emerging world by looking … structures may be better suited to growth at certain stages of development but they may be less well suited in other … at how different financial systems evolve: how and why financial structures change during various stages of development …

introduces frictions into a standard two-country neoclassical growth model to explain the pattern of two-way capital flows …

This paper extends the output growth model tested by Levine and Zervos (1998) by including a measure for capital … informativeness as measured by firm-specific return variation positively contributes to output growth after controlling for variables … stock market liquidity on predicting long-run output growth in emerging economies but not in more developed economies. These …

This paper extends the output growth model tested by Levine and Zervos (1998) by including a channel for capital … informativeness as measured by firm-specific return variation is positively associated with output growth after controlling for … market liquidity in predicting output growth. These results are consistent with the Roll's (1988) claim: more information …

This paper extends the output growth model tested by Levine and Zervos (1998) by including a channel for capital … informativeness as measured by firm-specific return variation is positively associated with output growth after controlling for … market liquidity in predicting output growth. These results are consistent with the Roll's (1988) claim: more information …

This paper extends the output growth model tested by Levine and Zervos (1998) by including a measure for capital … informativeness as measured by firm-specific return variation positively contributes to output growth after controlling for variables … stock market liquidity on predicting long-run output growth in emerging economies but not in more developed economies. These …