Financial Indicators and Growth in a Cross Section of Countries
Robert Graham King · Ross Levine
1992年1月 · World Bank Publications
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50
页
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Financial indicators may be linked to growth through two "channels" in particular: the share of GDP allocated to investment and the efficiency with which resources are used. It is empirically important to identify which financial intermediaries are doing the intermediation and to whom the financial system is allocating credit rather than simply using proxies for the overall size of the financial system, as has been common in past studies.
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