Financial liberalization, financial development and productivity growth : an overview

Agnieszka Gehringer

The paper surveys the literature on the effects of finance on productivity growth. In both the theoretical and empirical literature, there is no consensus regarding the contribution of financial liberalization and financial development to growth. Focusing on the direct channels of growth, the author has found both positive and negative contribution of finance to growth. Clearer positive effects emerge when considering growth channels related to productivity dynamics, with the estimated effects being positive and statistically distinguishable from zero.

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Year of publication:	2013
Authors:	Gehringer, Agnieszka
Publisher:	Kiel : Kiel Inst. for the World Economy
Subject:	FDI \| Financial liberalization \| financial development \| productivity \| growth \| review \| Produktivität \| Productivity \| Finanzmarktregulierung \| Financial market regulation \| Wirtschaftswachstum \| Economic growth \| Auslandsinvestition \| Foreign investment \| Finanzsektor \| Financial sector \| Welt \| World \| Schätzung \| Estimation

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Extent:	Online-Ressource (26 S.)
Series:	Economics / Discussion papers : the open-access, open-assessment e-journal. - Kiel : [Verlag nicht ermittelbar], ISSN 1867-8009, ZDB-ID 2324936-5. - Vol. 2013-46
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Arbeitspapier ; Working Paper ; Graue Literatur ; Non-commercial literature
Language:	English
Notes:	Systemvoraussetzungen: Acrobat Reader
Other identifiers:	hdl:10419/81539 [Handle]
Classification:	F32 - Current Account Adjustment; Short-Term Capital Movements ; F33 - International Monetary Arrangements and Institutions ; F36 - Financial Aspects of Economic Integration
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10009791192