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

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

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

claim that finance promotes real economy via managing risk and decreasing transaction costs. Furthermore, the pro-growth e …

intermediation to economic growth, and offers a theoretical explanation for these effects. Using GMM dynamic panel data techniques … applied to study the growth-promoting effects of financial intermediation, we show that the exogenous contribution of … financial development on economic growth has different effects for different levels of income per capita. We find that this …

growth in Taiwan. We find that the breakpoint obtained by Gregory and Hansen (1996) appears in the third quarter of 1982 … turned positive after financial openness, suggesting that appropriate volatility enhances Taiwan's economic growth under the … excess liquidity that impeded economic growth. Our long-run results are essentially the same even if we take the role of the …

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 …