Demirgüç-Kunt, Asli (contributor); … - 2008
financial system affect the rate of long-run economic growth?
Economists disagree about the impact of finance on growth. Many … leading textbooks on economic growth also ignore
the financial sector (Jones, 2001 and Weil, 2004). At the other extreme …, Nobel Laureate Merton
Miller (1998, p. 14) holds that “... that financial markets contribute to economic growth is a …