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This paper reviews the theoretical and empirical literature on links between domestic financial development and economic growth. It starts with the pioneers in this field and then classifies two main schools favouring liberal financial regimes. First McKinnon and Shaw advocated financial...
Persistent link: https://www.econbiz.de/10010325191
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...
Persistent link: https://www.econbiz.de/10010320420
Persistent link: https://www.econbiz.de/10011306006
This paper reviews the theoretical and empirical literature on links between domestic financial development and economic growth. It starts with the pioneers in this field and then classifies two main schools favouring liberal financial regimes. First McKinnon and Shaw advocated financial...
Persistent link: https://www.econbiz.de/10011335226
Persistent link: https://www.econbiz.de/10011341800
Persistent link: https://www.econbiz.de/10009708730
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...
Persistent link: https://www.econbiz.de/10009791192
Persistent link: https://www.econbiz.de/10011516844
Persistent link: https://www.econbiz.de/10012631356
Persistent link: https://www.econbiz.de/10012697279