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economic growth, but the degree to which a financial system is market- or bank-based cannot explain economic development across …
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economic growth, but the degree to which a financial system is market- or bank-based cannot explain economic development across …
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"The authors examine whether financial development boosts the growth of small firms more than large firms and hence … provides information on the mechanisms through which financial development fosters aggregate economic growth. They define an … a disproportionately large effect on the growth of industries that are technologically more dependent on small firms …
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