and short-term planning horizon can also lead to such underinvestment. Subsequently, banks can stimulate growth …

During the last years the relationship between financial development and economic growth has received widespread … attention in the literature on growth and development. This paper summarises in its first part the results of this research …, stressing the growth-enhancing effects of an increased interpersonal re-allocation of resources promoted by financial …

growth and financial development indicators. We then investigate whether the links observed in China, India and Brazil … determinant of export productivity. Moreover, except for Brazil, export productivity plays a positive effect on growth, and so … negatively associated with growth. …

-term growth. We find that financial markets increase substantially the speed with which the observed sectoral allocation of output … faster for sectors that have a higher "natural" long-term risk-adjusted growth and which exhibit higher information frictions …

remittances and growth has not been adequately studied. This paper studies one of the links between remittances and growth, in …-constructed dataset for remittances covering about 100 developing countries, we find that remittances boost growth in countries with less …

economic growth in general and in the modern, industrial sector in particular. Especially the monetization encouraged growth … and equity capital, was on the other hand also a result of GDP growth. …

delivering economic growth. These new findings highlight the possibility that poor countries may be stuck in a bad equilibrium …, in which weak institutions inhibit growth both directly and indirectly, through under-developed, low-quality finance. In …

We report evidence that the relation between the financial sector share, private savings and growth in the United … between financial development and growth evolves in a stepwise fashion. Theoretical models where financial market extensions …

We report evidence that the relation between the financial sector share, private savings and growth in the United … between financial development and growth evolves in a stepwise fashion. Theoretical models where financial market extensions …