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This paper shows that finance has been a key ingredient of long-term economic growth in OECD and G20 countries over the past half-century, but that there can be too much finance. The evidence indicates that at current levels of household and business credit further expansion slows rather than...
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at the impact of certain financing components separately or using ratios, which may bias the estimation and lead to … study shows that the finding of a non-linear, hump-shaped impact of financing on economic growth is robust to controlling … for financing composition in terms of the sources (bank credit, debt securities, stock market) and the recipients of …
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This paper sets out essential facts about the economic case for water-related investment and the financing gap. It …
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