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Financial development and economic growth: Convergence or divergence?

✍ Scribed by Michael K. Fung

Book ID: 116658929
Publisher: Elsevier Science
Year: 2009
Tongue: English
Weight: 186 KB
Volume: 28
Category: Article
ISSN: 0261-5606
DOI: 10.1016/j.jimonfin.2008.08.001

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## Abstract The objective of this paper is to survey what is actually known about the finance–growth relationship based on theory and empirical work. We point out that traditional theoretical models linking financial development and economic growth do not pay sufficient attention to insights emergi