The DOI matches its Crossref record; 138 of the 138 references it cites were found in a registry or an index.
A SURVEY OF RECENT DEVELOPMENTS IN THE LITERATURE OF FINANCE AND GROWTH
Open accessAbstract
Abstract This paper provides a survey of the recent progress in the literature of financial development and economic growth. The survey highlights that most empirical studies focus on either testing the role of financial development in stimulating economic growth or examining the direction of causality between these two variables. Although the positive role of finance on growth has become a stylized fact, there are some methodological reservations about the results from these empirical studies. Several key issues unresolved in the literature are highlighted. The paper also points to several directions for future research.
Overview
The claims and statistics of this paper haven’t been checked yet.
Run the check — free, no account needed. It reads the open-access text and checks the sources it cites.
Integrity signals
Registry
Cites
Statistics
Verification
Claims the paper makes
The claims and statistics of this paper haven’t been checked yet.
Run the check — free, no account needed. It reads the open-access text and checks the sources it cites.
Self-check
Percentages, sums and reported differences re-computed from the paper’s own numbers.
The self-check needs the paper’s full text.
Citations
Cites
On the mechanics of economic development
Lucas, R. E. (1988) · Journal of Monetary Economics · doi:10.1016/0304-3932(88)90168-7 · Cited by 24,085
The Theory of Economic Development
Schumpeter, J., & Backhaus, U. (2006) · The European Heritage in Economics and the Social Sciences · doi:10.1007/0-306-48082-4_3 · Cited by 22,506
The Cost of Capital, Corporation Finance and the Theory of Investment
Miller, M. H. (1958) · American Economic Review · Cited by 14,574
The General Theory of Employment, Interest and Money.
Schumpeter, J. A., & Keynes, J. M. (1936) · Journal of the American Statistical Association · doi:10.2307/2278703 · Cited by 14,485
Bank Runs, Deposit Insurance, and Liquidity
Diamond, D. W., & Dybvig, P. H. (1983) · Journal of Political Economy · doi:10.1086/261155 · Cited by 9,369
Economic Growth in a Cross Section of Countries
Barro, R. J. (1991) · The Quarterly Journal of Economics · doi:10.2307/2937943 · Cited by 9,263
Finance and Growth: Schumpeter Might Be Right
King, R. G., & Levine, R. (1993) · The Quarterly Journal of Economics · doi:10.2307/2118406 · Cited by 8,657
The cost of capital, corporation finance and the theory of investment
Terra, P. R. (2008) · Revista de Administração e Contabilidade da Unisinos · doi:10.4013/base.20082.07 · Cited by 8,615
Financial intermediation and delegated monitoring
Diamond, D. W. (1984) · The Review of Economic Studies · doi:10.2307/2297430 · Cited by 8,476
Economic Growth in a Cross Section of Countries
Barro, R. (1989) · National Bureau of Economic Research · doi:10.3386/w3120 · Cited by 8,385
Research works printed but not linked: 18
- 10.1080/00036840600722281 · doi:10.1080/00036840600722281
- Ang J.B., 2008, Financial development and the FDI–growth nexus: the Malaysian experience, Applied Economics
- Arestis P., 1996, Essays in Honour of Paul Davidson. Vol. 2: Employment, Economic Growth and the Tyranny of the Market, 55
- 10.1111/j.1468-0297.1997.tb00043.x · doi:10.1111/j.1468-0297.1997.tb00043.x · Paper page
- 10.1016/S0165-1889(06)80006-0 · doi:10.1016/s0165-1889(06)80006-0 · Paper page
- 10.1111/j.1467-8411.1988.tb00199.x · doi:10.1111/j.1467-8411.1988.tb00199.x
- 10.2307/1926125 · doi:10.2307/1926125
- Gurley J.G., 1955, Financial aspects of economic development, American Economic Review, 45, 515
- 10.1016/S0167-2231(99)00005-6 · doi:10.1016/s0167-2231(99)00005-6
- Minsky H.P., 1991, The Risk of Economic Crisis, 158
- 10.2307/3866923 · doi:10.2307/3866923
- 10.7208/chicago/9780226536835.001.0001 · doi:10.7208/chicago/9780226536835.001.0001
- 10.1016/0304-3878(89)90018-7 · doi:10.1016/0304-3878(89)90018-7
- 10.2307/1927068 · doi:10.2307/1927068
- 10.1111/j.1468-0297.1997.tb00042.x · DOI · Paper page
- 10.1093/wber/15.2.283 · doi:10.1093/wber/15.2.283
- Taylor L., 1983, Structuralist Macroeconomics: Applicable Models for the Third World
- 10.1111/j.1465-7295.2000.tb00021.x · doi:10.1111/j.1465-7295.2000.tb00021.x · Paper page
Cited by
The causal nexus between financial development and economic growth in Kenya
Uddin, G. S., Sjö, B., & Shahbaz, M. (2013) · Economic Modelling · doi:10.1016/j.econmod.2013.08.031 · Cited by 203
Pradhan, R. P., Arvin, M. B., Hall, J. H., & Bahmani, S. (2014) · Review of Financial Economics · doi:10.1016/j.rfe.2014.07.002 · Cited by 184
Does financial development matter for economic growth in the emerging markets?
Nguyen, H. M., Thai-Thuong Le, Q., Ho, C. M., Nguyen, T. C., & Vo, D. H. (2022) · Borsa Istanbul Review · doi:10.1016/j.bir.2021.10.004 · Cited by 141
Alexiou, C., Vogiazas, S., & Nellis, J. G. (2018) · International Journal of Finance & Economics · doi:10.1002/ijfe.1609 · Cited by 68
Finance Is Not the Economy: Reviving the Conceptual Distinction
Bezemer, D., & Hudson, M. (2016) · Journal of Economic Issues · doi:10.1080/00213624.2016.1210384 · Cited by 58
Metadata
- Authors
- Ang, J. B.
- Venue
- Journal of Economic Surveys
- Publisher
- Wiley
- Published
- 2008-03-18
- Volume
- 22
- Issue
- 3
- Pages
- 536-576
- ISSN
- 0950-0804 (ISSN-L)
- 1467-6419
- OpenAlex
- W2167660964
- Cited by
- 499
- References
- 138
- FWCI
- 32.56
- Type
- journal article
- Language
- en
- Open access
- green
About these checks
Registry, retraction, Cites and statistics results are computed, not judged, with one exception: a printed reference that no index lists is read once by a model before it counts as a citation error. Claims are extracted by a model and kept only when their quote appears verbatim in the text; each cited source is then checked, with a model’s help, for whether it says what the claim relies on. Those verdicts can be wrong — read the claim’s quote and the cited source before relying on one.
Statistics and arithmetic are recomputed, not judged.
Confidence bands are shown only for fields calibrated on our annotated test set. None is calibrated yet, so no band is shown.
What counts as a claim ›How we measure confidence ›How we check this ›
Are you an author, or do you see a problem with this page? Request a review
How to cite
Cite CoChat for the checks on this page, and the paper for its own findings.
- This page
- CoChat. (2026). Citation check: A SURVEY OF RECENT DEVELOPMENTS IN THE LITERATURE OF FINANCE AND GROWTH. https://app.cochat.ai/papers/10.1111/j.1467-6419.2007.00542.x
- The paper
- Ang, J. B. (2008). A SURVEY OF RECENT DEVELOPMENTS IN THE LITERATURE OF FINANCE AND GROWTH. Journal of Economic Surveys. https://doi.org/10.1111/j.1467-6419.2007.00542.x
Data sources
Bibliographic data: Semantic Scholar, OpenAlex, Crossref.
Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).
Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.