Financial Indicators and Growth in a Cross Section of Countries
Robert Graham King · Ross Levine
Jan 1992 · World Bank Publications
Ebook
50
Pages
About this ebook
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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