FINANCE-LED GROWTH IN THE OECD SINCE THE NINETEENTH CENTURY: HOW DOES FINANCIAL DEVELOPMENT TRANSMIT TO GROWTH?

It is well established in the literature that financial development (ED) is conducive to growth, and yet the channels through which FD affects growth are not well understood. Using a unique new panel data set for 21 OECD countries over the past 140 years, this paper examines the extent to which FD t...

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Veröffentlicht in:	The review of economics and statistics 2016-07, Vol.98 (3), p.552-572
Hauptverfasser:	Madsen, Jakob B., Ang, James B.
Format:	Artikel
Sprache:	eng
Schlagworte:	Economic growth Growth models Industrialized nations Manycountries Studies
Online-Zugang:	Volltext
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