Estrada, Gemma; Erce, Aitor; Park, Donghyun; Rojas, Juan A. - 2018
A large empirical literature finds that financial development is beneficial for economic growth, although some recent … long-run growth. Earlier literature found that credit growth skewness is negatively associated with economic growth. We … positively associated with economic growth in emerging markets in the past and why the growth of advanced economies has been …