This paper estimates an Odedokun-type “supply-leading” model of financial sector development (FSD) which incorporates both banking and capital market variables as potential drivers of economic growth. The current findings illustrate the impact on economic growth of various measures of FSD...

This study examines the determinants of farm loan delinquencies, and in particular, the influence of multiple loans and multiple lenders on delinquency. The number of lenders used by a borrower, the number of loans outstanding, and the interaction of the two factors are all positively related to...

This paper estimates the relationship between the level of economic growth and the extent of environmental pollution for a wide range of both industrialized and emerging countries. Using data from 28 countries over the period 1975-1998, the paper finds support for an inverted U- shaped economic...