advantage. Countries specialising in bank dependent sectors favour the development of the banking sector. Simultaneously …, countries with more efficient capital markets develop comparative advantage in sectors with strong dependence on market finance …. To empirically investigate our model's predictions, we construct a measure of sector bank dependence and establish a …

The purpose of this research study has been to expand our understanding of the finance-growth "nexus" to finance … data for two rounds the study attempts to assess the co-evolution of finance-growth-inequality in an intertemporal … rate of growth of capital asset or income whether source of borrowing is bank or money lender. This is then formalized in a …

as well as decreased banking concentration reduce unemployment if the level of labour market regulation, union density … intermediated credit and banking concentration is beneficial for employment when the degree of labour market regulation, union …-based finance are crucially tied to the labour market context. -- unemployment ; institutional complementarities and …

provides some new evidence on the drivers of the great moderation and analyses the banking sector's pro-cyclicality by using … aggregate and bank-level data. The main findings show that the amplitude of the real business cycle was becoming smaller during … banking sector which tended to accentuate pro-cyclical behaviour. -- real business cycles ; financial cycles ; great …

expansion induces the median voter to provide political support for banking development as this new electorate has lower … broader voting franchise is more conducive towards the banking sector, consistent with Perotti and von Thadden (2006). Our …

-linear relationship between financial development and growth, we find an inverted U-shaped relationship between finance and growth in the …

of economic activity with information on the access to credit and the dependence on external finance. Our estimates for …