development and growth, where the relationship changes once a threshold level of inflation is reached. Robust statistical support … relationship between growth and financial market development occurs before the threshold, and a strong negative relationship … between growth and inflation occurs after the threshold. When an interaction variable between inflation and financial market …

The paper contributes to understanding the impact of financial system indicators on economic growth. A particular … found to have a detrimental impact on growth. However, concentration may also have indirect and positive impacts on growth … impact of concentration on long-run growth is lower. (2) Financial liquidity indicators, which work through both physical …

studying an environment in which a trade-off between risk sharing and growth arises endogenously. Financial intermediaries …-sharing and growth. We show the mix of intermediaries and market that maximizes welfare depend on parameter values …

developments and looks at the structural relationship between private equity investments and economic growth. The econometric … that private equity investments are associated with economic growth. According to this analysis, an ncrease in private … equity investments of 0.1% of GDP is associated with an increase in real economic growth of between 0.2 pp (buyouts)and 0 …

studying an environment in which a trade-off between risk sharing and growth arises endogenously. Financial intermediaries …-sharing and growth. We show the balance of intermediaries and market that maximizes welfare depend on parameter values. …

Studies of early U.S. growth traditionally have emphasized real-sector explanations for an acceleration that by many … financing to businesses and governments as new technologies emerged, was central to the nation's early growth and modernization … hypothesis of "finance-led" growth in the U.S. case. By implication, the interest today in improving financial systems as a means …

We show that financial development has a non-monotonic effect on growth in the Rajan and Zingales (1998) and Fisman and … Love (2007) sample. Beyond a threshold, financially dependent industries and industries facing good growth opportunities …