extending Dollar and Kraay’s data, their findings are robust to the Lucas critique and economic growth is important for poverty …

Although financial development is good for long-term growth, not all countries pursue policies that render full …

facilitating economic growth through financial development. While subsequent research confirms that openness affects financial … development, we study whether finance continues to be growth promoting as economies become increasingly open—a key implicit … of financial openness generally erode the growth-promoting role of financial development while high trade openness …

This paper studies the impact of financial liberalization on economic growth. It contributes to this literature by … economic growth is positive while the short-run effect is negative, albeit substantially smaller. Interestingly, we find that … financial development affects growth only directly, that is, not through growth volatility. …