The DOI matches its Crossref record; 6 of the 6 references it cites were found in a registry or an index.
Finance and the Sources of Growth at Various Stages of Economic Development
Open accessAbstract
This article studies the effects of financial development on the sources of growth in different groups of countries. Recent theoretical work shows that financial development may affect productivity and capital accumulation in different ways in industrial versus developing countries. This hypothesis is tested with panel data from 74 countries using GMM dynamic panel techniques. Results are consistent with the hypothesis: finance has a strong positive influence on productivity growth primarily in more developed economies. In less developed economies, the effect of finance on output growth occurs primarily through capital accumulation.
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Cites
Initial conditions and moment restrictions in dynamic panel data models
Blundell, R., & Bond, S. (1998) · Journal of Econometrics · doi:10.1016/s0304-4076(98)00009-8 · Cited by 22,571
Another look at the instrumental variable estimation of error-components models
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La Porta, R., Lopez‐de‐Silanes, F., Shleifer, A., & Vishny, R. W. (1998) · Journal of Political Economy · doi:10.1086/250042 · Cited by 18,025
Financial Development and Economic Growth: Views and Agenda
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Does financial development cause economic growth? Time-series evidence from 16 countries
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Financial Development and Economic Growth: Assessing the Evidence
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Cited by
Chapter 12 Finance and Growth: Theory and Evidence
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The Effect of Financial Development on Convergence: Theory and Evidence*
Aghion, P., Howitt, P., & Mayer-Foulkes, D. (2005) · Quarterly Journal of Economics · doi:10.1162/qjec.2005.120.1.173 · Cited by 962
Does too much finance harm economic growth?
Law, S. H., & Singh, N. (2014) · Journal of Banking & Finance · doi:10.1016/j.jbankfin.2013.12.020 · Cited by 789
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Metadata
- Authors
- Rioja, F., & Valev, N.
- Venue
- Economic Inquiry
- Publisher
- Wiley
- Published
- 2004-01
- Volume
- 42
- Issue
- 1
- Pages
- 127-140
- ISSN
- 0043-3640 (ISSN-L)
- 0095-2583
- 1465-7295
- OpenAlex
- W3124223798
- Cited by
- 609
- References
- 6
- FWCI
- 19.57
- Type
- journal article
- Language
- en
- Open access
- green
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Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).
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