Finance, entrepreneurship and growth
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GDPPC has a positive significant impact on PRIVATE.
“Other control variables such as GDPPC have a positive significant impact on PRIVATE, consistent with previous research (King and Levine 1993).”
From Diversity Matters in the World of Finance: Does Ethnic and Religious Diversity Hinder Financial Development in Developing Countries? (2025) · cites this paper as King and Levine 1993
Cites
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“…of financial development on economic growth.1 A significant branch found empirical evidence of a positive relationship between financial development and economic growth, suggesting ‘more finance, more growth’ (e.g. Beck, Levine & Loayza 2000; King & Levine 1993a, 1993b; Levine, Loayza & Beck 2000).”
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“Therefore, many countries have developed policies for boosting SMD to promote EG (King & Levine, 1993a, 1993b; Nguyen & Bui, 2019; Pradhan et al., 2014; Reinhart & Tokatlidis, 2003).”
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- Authors
- King, R. G., & Levine, R.
- Affiliations
- Federal Reserve Bank of Richmond (US)
- World Bank (US)
- Corresponding author
- King, Robert G
- ORCID
- Levine, Ross
- Venue
- Journal of Monetary Economics
- Publisher
- Elsevier BV
- Published
- 1993-12
- Volume
- 32
- Issue
- 3
- Pages
- 513-542
- ISSN
- 0304-3932 (ISSN-L)
- OpenAlex
- W1514296636
- Cited by
- 3,550
- References
- 3
- Citations by year
- 2026: 77 · 2025: 99 · 2024: 152 · 2023: 139 · 2022: 128 · 2021: 156 · 2020: 156 · 2019: 157 · 2018: 174 · 2017: 149 · 2016: 175 · 2015: 181 · 2014: 176 · 2013: 175 · 2012: 122
- FWCI
- 67.05
- Type
- journal article
- Language
- en
- Open access
- closed
- Locations
- Journal of Monetary Economics (publishedVersion)
- Funders
- World Bank Group
- Topics
- Social Sciences › Economics, Econometrics and Finance › Economics and Econometrics › Economic Growth and Productivity
- Social Sciences › Economics, Econometrics and Finance › Economics and Econometrics › Economic theories and models
- Social Sciences › Economics, Econometrics and Finance › General Economics, Econometrics and Finance › Monetary Policy and Economic Impact
- Keywords
- financial system, economic growth, entrepreneurship, innovation, endogenous growth model, risk diversification, productivity growth, financial intermediation, savings mobilization
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