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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 …
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The primary objective of this article is to answer the following two research questions: has the growing public debt of state governments promoted increased public investment? If the answer is yes, then does any increase in public investment lead to more growth in the Mexican states? Dynamic...
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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 …
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