has significant effects on the cost of capital, investment, and economic growth …

innovations as engine of growth? In a panel of industrial sectors across a large cross section of countries, I find that while …

The growth effects of international financial liberalization are investigated using the methodology and data developed … higher growth in value added in countries with liberalized financial markets. Liberalization does, however, increase the … growth rates of both production and firm creation among externally dependent industries - given that countries have reached a …

This paper studies the effects of financial development on the sources of growth in different groups of countries … panel techniques. Results are consistent with the hypothesis: finance has a strong positive influence on productivity growth … primarily in more developed economies. In less developed economies, the effect of finance on output growth occurs primarily …

Research in development economics reveals that the bulk of cross-country differences in economic growth is attributable … to differences in productivity. By some accounts, productivity contributes to more than 60 percent of countries' growth … technological progress, rates of real cost reduction and rates of productivity growth. I find that the effect of financial …