’s theory of functional finance (FF). A thorough discussion of this concept is helpful in reconsidering the debate on the nature … growth, deflation, and weak public finances. …

.S. employers to estimate the effects of financial access on employment growth. Our methods combine regressions with matching on … constraints impede small business growth prior to loan receipt. We also investigate the variation in estimated employment effects …

. Studies that do not address endogeneity tend to overstate the effect of finance on growth. While the effect seems to be weaker …We analyze 1334 estimates from 67 studies that examine the effect of financial development on economic growth. Taken … economic growth than other financial intermediaries. We find no evidence of publication bias in the literature. …

services on growth. Causality analysis is performed with seven financial development and three growth indicators in the …