The DOI matches its Crossref record; 105 of the 115 references it cites were found in a registry or an index.
The Effect of Financial Development on Convergence: Theory and Evidence*
Open accessAbstract
We introduce imperfect creditor protection in a multicountry Schumpeterian growth model. The theory predicts that any country with more than some critical level of financial development will converge to the growth rate of the world technology frontier, and that all other countries will have a strictly lower long-run growth rate. We present evidence supporting these and other implications, in the form of a cross-country growth regression with a significant and sizable negative coefficient on initial per-capita GDP (relative to the United States) interacted with financial intermediation. In addition, we find that other variables representing schooling, geography, health, policy, politics, and institutions do not affect the significance of the interaction between financial intermediation and initial per capita GDP, and do not show any independent effect on convergence in the regressions. Our findings are robust to removal of outliers and to alternative conditioning sets, estimation procedures, and measures of financial development.
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.
Claims other papers make about this one
Each is checked against this paper’s own text: does it say what the citing paper says it does?
The source backs part of the claim, not all of it — or backs it for a different population, condition or comparison.
In the citing paper
“Aghion, Howitt, and Mayer-Foulkes (2005) challenge that conclusion and stress that financial development explains the speed with which countries convergence to their steady-state values.”
From Finance, Growth, and Inequality (2021) · cites this paper as Aghion, Howitt, and Mayer-Foulkes (2005)
Experimental — accuracy not yet measured
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
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
A Contribution to the Empirics of Economic Growth
Mankiw, N. G., Römer, D., & Weil, D. N. (1992) · The Quarterly Journal of Economics · doi:10.2307/2118477 · Cited by 15,282
Legal Determinants of External Finance
LA PORTA, R., LOPEZ‐DE‐SILANES, F., SHLEIFER, A., & VISHNY, R. W. (1997) · The Journal of Finance · doi:10.1111/j.1540-6261.1997.tb02727.x · Cited by 9,783
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
Why do Some Countries Produce So Much More Output Per Worker than Others?
Hall, R. E., & Jones, C. I. (1999) · The Quarterly Journal of Economics · doi:10.1162/003355399555954 · Cited by 8,336
Financial Dependence and Growth
Rajan, R. G., & Zingales, L. (1996) · National Bureau of Economic Research · doi:10.3386/w5758 · Cited by 8,057
Innovation and Learning: The Two Faces of R & D
Cohen, W. M., & Levinthal, D. A. (1989) · The Economic Journal · doi:10.2307/2233763 · Cited by 7,530
(2012) · American Economic Review · doi:10.1257/aer.102.7.i · Cited by 7,275
The Quarterly Journal of Economics
Kuznets, S. (2024) · Routledge eBooks · doi:10.4324/9781003549741-8 · Cited by 7,177
Research works printed but not linked: 40
- Johnson Simon, 2001, American Economic Review, 1401
- Zilibotti Fabrizio, 2001, Quarterly Journal of Economics, 563
- Banerjee Abhijit V., 1999, Quarterly Journal of Economics, 1397
- Kenneth, 1969, American Economic Review, 35
- Newman Andrew, 1993, Journal of Political Economy, 298
- Robert, 1996, American Economic Review, 224
- Robert, 1992, Journal of Political Economy, 223
- Robert, 1997, Journal of Economic Growth, 1
- Weil David N., 1998, Quarterly Journal of Economics, 1025
- Demirguc-Kunt Asli, 2003, Journal of Financial Economics, 137
- Valerie, 1991, Review of Economic Studies, 195
- Spiegel Mark M., 2000, Journal of Economic Growth, 341
- Gertler Mark, 1989, American Economic Review, 31
- Hung Victor T. Y., 1998, Economica, 107
- Wesley, 1989, Economic Journal, 596
- Gregorio De, 1996, Journal of Monetary Economics, 71
- Levine Ross, 1998, Journal of African Economics, 142
- Levine Ross, 2001, World Bank Economic Review, 177
- Marin Jose Maria, 1996, Journal of Monetary Economics, 301
- 1996, Journal of Monetary Economics, 559
- Weil David, 2000, American Economic Review, 828
- Zeira Joseph, 1993, Review of Economic Studies, 35
- Parente Stephen, 2002, American Economic Review Papers and Proceedings, 164
- Jovanovic Boyan, 1990, Journal of Political Economy, 1107
- Robert, 1999, Quarterly Journal of Economics, 83
- Gary, 2002, American Economic Review, 1205
- 2000, American Economic Review, 846
- 2001, Macroeconomic Dynamics, 413
- Robert, 1993, Quarterly Journal of Economics, 717
- 10.2307/2328866 · DOI · Paper page
- 1997, Journal of Economic Literature, 726
- Loayza Norman, 2000, Journal of Monetary Economics, 31
- Robert, 1990, American Economic Review Papers and Proceedings, 92
- Gregory N., 1992, Quarterly Journal of Economics, 407
- Phelps Edmund S., 1966, American Economic Review, 75
- Stephen, 1994, Journal of Political Economy, 321
- Stephen, 1999, American Economic Review, 1233
- 1997, Review of Economic Studies, 173
- 1997, Journal of Economic Perspectives, 3
- Johnson Paul A., 1998, Quarterly Journal of Economics, 965
Cited by
Sorted by citations
Items 101–200 of 957
Stage-dependent intellectual property rights
Chu, A. C., Cozzi, G., & Galli, S. (2013) · Journal of Development Economics · doi:10.1016/j.jdeveco.2013.10.005 · Cited by 91
FROM INSTITUTIONS TO FINANCIAL DEVELOPMENT AND GROWTH: WHAT ARE THE LINKS?
Fernández, A., & Tamayo, C. E. (2015) · Journal of Economic Surveys · doi:10.1111/joes.12132 · Cited by 88
Firm Productivity, Innovation, and Financial Development
Dabla‐Norris, E., Kersting, E., & Verdier, G. (2012) · Southern Economic Journal · doi:10.4284/0038-4038-2011.201 · Cited by 87
Qi, S., Peng, H.-R., Zhang, X., & Tan, X. (2019) · Applied Energy · doi:10.1016/j.apenergy.2019.113581 · Cited by 86
International capital flows and development: Financial openness matters
Reinhardt, D. B. S., RICCI, L. A., & Tressel, T. (2013) · Journal of International Economics · doi:10.1016/j.jinteco.2013.07.006 · Cited by 86
17 Gender and the Distribution of Wealth in Developing Countries
Deere, C. D., & Doss, C. R. (2008) · Oxford University Press eBooks · doi:10.1093/acprof:oso/9780199548880.003.0017 · Cited by 85
Why We Shouldn't Turn Our Backs on Financial Globalization
Mishkin, F. S. (2009) · IMF Staff Papers · doi:10.1057/imfsp.2008.30 · Cited by 85
Stability of Transaction Fees in Bitcoin: A Supply and Demand Perspective
Ilk, N., Shang, G., Fan, S., & Zhao, J. L. (2021) · MIS Quarterly · doi:10.25300/misq/2021/15718 · Cited by 93
Globalization and Economic Growth in Developing Countries: Evidence from Sub-Saharan Africa
Zahonogo, P. (2017) · The International Trade Journal · doi:10.1080/08853908.2017.1333933 · Cited by 81
Trade openness, financial development and economic growth in North African countries
Sghaier, I. M. (2021) · International Journal of Finance & Economics · doi:10.1002/ijfe.2503 · Cited by 81
Digital divide and financial development in Africa
Mignamissi, D., & Akinwamide Joshua, T. (2021) · Telecommunications Policy · doi:10.1016/j.telpol.2021.102199 · Cited by 81
Sassi, S., & Gasmi, A. (2013) · Journal of Macroeconomics · doi:10.1016/j.jmacro.2013.12.001 · Cited by 81
Is Newer Better? Penn World Table Revisions and Their Impact on Growth Estimates
Johnson, S., Larson, W. D., Papageorgiou, C., & Subramanian, A. (2009) · National Bureau of Economic Research · doi:10.3386/w15455 · Cited by 81
Are modern financial systems shaped by state antiquity?
Ang, J. B. (2013) · Journal of Banking & Finance · doi:10.1016/j.jbankfin.2013.07.023 · Cited by 76
Abdin, M. J., Sharma, A., Trivedi, R. H., & Wang, C. (2023) · Technological Forecasting and Social Change · doi:10.1016/j.techfore.2023.122982 · Cited by 82
Convergence or divergence? Understanding the global development trend of low-carbon technologies
Yan, Z., Du, K., Yang, Z., & Deng, M. (2017) · Energy Policy · doi:10.1016/j.enpol.2017.07.024 · Cited by 77
You, W., & Gong, X. (2020) · Energy Economics · doi:10.1016/j.eneco.2020.104845 · Cited by 75
Monetary and Exchange Rate Policies
Yeyati, E. L., & Sturzenegger, F. (2010) · Handbook of development economics · doi:10.1016/b978-0-444-52944-2.00002-1 · Cited by 72
Stock markets, banks and the sources of economic growth in low and high income countries
Rioja, F. K., & Valev, N. T. (2011) · Journal of Economics and Finance · doi:10.1007/s12197-011-9218-3 · Cited by 74
Liquidity creation, investment, and growth
Beck, T., Döttling, R., Lambert, T., & Dijk, M. (2020) · Journal of economic growth (Boston) · doi:10.1007/s10887-022-09217-1 · Cited by 55
Financial globalization, convergence and growth: The role of foreign direct investment
Neto, D. G., & Veiga, F. J. (2013) · Journal of International Money and Finance · doi:10.1016/j.jimonfin.2013.04.005 · Cited by 73
4 Concentration among the Rich
Atkinson, A. B. (2008) · Oxford University Press eBooks · doi:10.1093/acprof:oso/9780199548880.003.0004 · Cited by 72
Minier, J. (2008) · Journal of Development Economics · doi:10.1016/j.jdeveco.2008.10.002 · Cited by 72
Financial Innovation and Economic Growth: Empirical Evidence from China, India and Pakistan
Nazir, M. R., Tan, Y., & Nazir, M. I. (2018) · International Journal of Finance & Economics · doi:10.1002/ijfe.2107 · Cited by 71
Finance and economic growth: Financing structure and non-linear impact
Benczúr, P., Karagiannis, S., & Kvedaras, V. (2019) · Journal of Macroeconomics · doi:10.1016/j.jmacro.2018.08.001 · Cited by 93
Financing obstacles and growth: an analysis for euro area non-financial firms
Coluzzi, C., Ferrando, A., & Martínez-Carrascal, C. (2012) · European Journal of Finance · doi:10.1080/1351847x.2012.664154 · Cited by 70
Who benefits from financial development? New methods, new evidence
Henderson, D. J., Papageorgiou, C., & Parmeter, C. F. (2013) · European Economic Review · doi:10.1016/j.euroecorev.2013.05.007 · Cited by 86
Ramı́rez, C. D. (2009) · Journal of Banking & Finance · doi:10.1016/j.jbankfin.2009.05.020 · Cited by 69
Trade, growth and growth volatility: New panel evidence
Kim, D.-H., Lin, S., & Suen, Y. (2016) · International Review of Economics & Finance · doi:10.1016/j.iref.2016.07.006 · Cited by 69
Does Too Much Finance Harm Economic Growth?Preprint
Law, S. H., & Singh, N. (2013) · SSRN Electronic Journal · doi:10.2139/ssrn.3039190 · Cited by 69
Akadiri, A. C., Güngör, H., Akadırı, S. S., & Bamidele-Sadiq, M. (2019) · Journal of Public Affairs · doi:10.1002/pa.2023 · Cited by 68
5 Changes in the Distribution of Wealth in China, 1995–2002
Li, S., & Renwei, Z. (2008) · Oxford University Press eBooks · doi:10.1093/acprof:oso/9780199548880.003.0005 · Cited by 74
The dynamics of finance-growth nexus in advanced economies
Vighneswara Swamy, P. M., & Dharani, M. (2019) · International Review of Economics & Finance · doi:10.1016/j.iref.2019.06.001 · Cited by 68
Is Newer Better? Penn World Table Revisions and Their Impact on Growth EstimatesPreprint
Johnson, S., Larson, W. D., Papageorgiou, C., & Subramanian, A. (2010) · SSRN Electronic Journal · doi:10.2139/ssrn.1516058 · Cited by 68
International Competitiveness and the Fourth Industrial Revolution
Liu, C. (2017) · Entrepreneurial Business and Economics Review · doi:10.15678/eber.2017.050405 · Cited by 67
Financial development convergence
Bahadir, B., & Valev, N. (2015) · Journal of Banking & Finance · doi:10.1016/j.jbankfin.2015.03.001 · Cited by 63
The impact of the banking sector on economic structure and growth
Tongurai, J., & Vithessonthi, C. (2018) · International Review of Financial Analysis · doi:10.1016/j.irfa.2018.01.002 · Cited by 71
The Role of Finance in Economic Development: Benefits, Risks, and Politics
Beck, T. (2012) · Oxford University Press eBooks · doi:10.1093/oxfordhb/9780195391176.013.0007 · Cited by 149
Research, technological change and financial liberalization in South Korea
Ang, J. B. (2009) · Journal of Macroeconomics · doi:10.1016/j.jmacro.2009.06.002 · Cited by 65
Why don’t poor countries do R&D? Varying rates of factor returns across the development process
Goñi, E., & Maloney, W. F. (2017) · European Economic Review · doi:10.1016/j.euroecorev.2017.01.008 · Cited by 66
The Limits of Lending? Banks and Technology Adoption across Russia
Bircan, Ç., & Haas, R. D. (2019) · Review of Financial Studies · doi:10.1093/rfs/hhz060 · Cited by 64
A rise by any other name? Sensitivity of growth regressions to data source
Hanousek, J., Hájková, D., & Filer, R. K. (2007) · Journal of Macroeconomics · doi:10.1016/j.jmacro.2007.08.015 · Cited by 64
Finance, Growth, and Inequality
Levine, R. (2021) · IMF Working Papers · doi:10.5089/9781513583365.001 · Cited by 62
Corruption, capital account liberalization, and economic growth: Theory and evidence
Kunieda, T., Okada, K., & Shibata, A. (2014) · International Economics · doi:10.1016/j.inteco.2014.03.001 · Cited by 63
7 The Evolution of Personal Wealth in the Former Soviet Union and Central and Eastern Europe
Guriev, S. M., & Rachinsky, A. (2008) · Oxford University Press eBooks · doi:10.1093/acprof:oso/9780199548880.003.0007 · Cited by 65
Do Resources Flow to Patenting Firms?
Andrews, D., Criscuolo, C., & Menon, C. (2014) · OECD Economics Department working papers · doi:10.1787/5jz2lpmk0gs6-en · Cited by 62
Financing Obstacles and Growth: An Analysis for Euro Area Non-Financial CorporationsPreprint
Coluzzi, C., Ferrando, A., & Martínez-Carrascal, C. (2009) · SSRN Electronic Journal · doi:10.2139/ssrn.1333026 · Cited by 62
Fertility, economic growth, and human development causal determinants of the developed lifestyle
Hafner, K. A., & Mayer‐Foulkes, D. (2013) · Journal of Macroeconomics · doi:10.1016/j.jmacro.2013.04.001 · Cited by 64
Self-citationPlaying the Devil's Advocate: The Causal Effect of Risk Management on Loan Quality
Berg, T. (2015) · Review of Financial Studies · doi:10.1093/rfs/hhv040 · Cited by 61
Natural Disasters and Economic Growth: The Role of Banking Market Structure
Duqi, A., McGowan, D., Onali, E., & Torluccio, G. (2021) · Journal of Corporate Finance · doi:10.1016/j.jcorpfin.2021.102101 · Cited by 60
Rural finance, scale management and rural industrial integration
Tian, X., Wu, M., Ma, L., & Wang, N. (2020) · China Agricultural Economic Review · doi:10.1108/caer-07-2019-0110 · Cited by 59
FINANCE AND INEQUALITY: HOW DOES GLOBALIZATION CHANGE THEIR RELATIONSHIP?
Kunieda, T., Okada, K., & Shibata, A. (2013) · Macroeconomic Dynamics · doi:10.1017/s1365100512000843 · Cited by 61
The big-city bias in access to finance: evidence from firm perceptions in almost 100 countries
Lee, N., & Luca, D. (2017) · Journal of Economic Geography · doi:10.1093/jeg/lbx047 · Cited by 59
The Impacts of Credit on Village EconomiesPreprint
Kaboski, J. P., & Townsend, R. M. (2009) · SSRN Electronic Journal · doi:10.2139/ssrn.1395348 · Cited by 59
(2011) · TemaNord · doi:10.6027/tn2011-570 · Cited by 59
Reputations, relationships and the enforcement of incomplete contractsPreprint
MacLeod, W. B. (2006) · RePEc: Research Papers in Economics · doi:10.7916/d81n8ccd · Cited by 57
New business formation and the productivity of manufacturing incumbents: Effects and mechanisms
Changoluisa, J., & Fritsch, M. J. (2014) · Econstor (Econstor) · Cited by 57
Alexiou, C., Vogiazas, S., & Nellis, J. G. (2018) · International Journal of Finance & Economics · doi:10.1002/ijfe.1609 · Cited by 68
FINANCIAL DEVELOPMENT AND THE SOURCES OF GROWTH AND CONVERGENCE*
Badunenko, O., & Romero‐Ávila, D. (2013) · International Economic Review · doi:10.1111/iere.12009 · Cited by 55
Does financial outreach engender economic growth? Evidence from Indian states
Ghosh, S. (2011) · Journal of Indian Business Research · doi:10.1108/17554191111132206 · Cited by 55
JACQUES, L. (2010) · Journal of Economic Development · doi:10.35866/caujed.2010.35.3.003 · Cited by 55
Convergence patterns in financial development: evidence from club convergence
Apergis, N., Christou, C., & Miller, S. M. (2011) · Empirical Economics · doi:10.1007/s00181-011-0522-8 · Cited by 55
Bank competition, financial innovations and economic growth in Ghana
Idun, A. A., & Aboagye, A. Q. Q. (2014) · African Journal of Economic and Management Studies · doi:10.1108/ajems-09-2012-0057 · Cited by 54
Is capital taxation always harmful for economic growth?
ten Kate, F., & Milionis, P. (2019) · International Tax and Public Finance · doi:10.1007/s10797-019-09530-3 · Cited by 54
Slesman, L., Baharumshah, A. Z., & Ngah, W. A. S. W. (2019) · The Quarterly Review of Economics and Finance · doi:10.1016/j.qref.2019.01.017 · Cited by 56
Access to finance, product innovation and middle-income traps
Agénor, P., & Canuto, O. (2017) · Research in Economics · doi:10.1016/j.rie.2017.03.004 · Cited by 53
Fan, Q., & Davlasheridze, M. (2015) · Risk Analysis · doi:10.1111/risa.12505 · Cited by 53
FINANCIAL SECTOR DEVELOPMENT AND ECONOMIC GROWTH: EVIDENCE FROM ZIMBABWE
Ndlovu, G. (2013) · International Journal of Economics and Financial Issues · Cited by 53
Finance and sources of growth: evidence from the U.S. states
Jerzmanowski, M. (2016) · Journal of Economic Growth · doi:10.1007/s10887-016-9135-6 · Cited by 53
International Finance and Income Convergence
Leigh, D., Abiad, A. G., & Mody, A. (2007) · IMF Working Paper · doi:10.5089/9781451866285.001 · Cited by 53
Financial markets, financial dependence, and the allocation of capital
Pang, J., & Wu, H. (2008) · Journal of Banking & Finance · doi:10.1016/j.jbankfin.2008.09.015 · Cited by 52
Finance and Growth: A Critical Survey*
Trew, A. W. (2006) · Economic Record · doi:10.1111/j.1475-4932.2006.00361.x · Cited by 52
Non-linearity in the finance-growth nexus: Evidence from Indonesia
Soedarmono, W., Hasan, I., & Arsyad, N. (2016) · International Economics · doi:10.1016/j.inteco.2016.11.003 · Cited by 57
14 Housing and Personal Wealth in a Global Context
Muellbauer, J. N. J. (2008) · Oxford University Press eBooks · doi:10.1093/acprof:oso/9780199548880.003.0014 · Cited by 51
Kassi, D. F., Li, Y., & Zhankui, D. (2021) · International Journal of Finance & Economics · doi:10.1002/ijfe.2423 · Cited by 51
Financial development and growth: A clustering and causality analysis
Chow, W. W., & Fung, M. K. Y. (2011) · Journal of International Trade & Economic Development · doi:10.1080/09638199.2011.570364 · Cited by 50
6 The Distribution of Household Wealth in India
Subramanian, S., & Jayaraj, D. (2008) · Oxford University Press eBooks · doi:10.1093/acprof:oso/9780199548880.003.0006 · Cited by 52
Intergenerational mobility and macroeconomic history dependence
Mookherjee, D., & Napel, S. (2006) · Journal of Economic Theory · doi:10.1016/j.jet.2006.03.015 · Cited by 50
Convergence of credit structure around the world
Léon, F. (2017) · Economic Modelling · doi:10.1016/j.econmod.2017.07.021 · Cited by 49
Financial Development and Economic Growth: Known Knowns, Known Unknowns, and Unknown Unknowns
Panizza, U. G. (2014) · Revue d économie du développement · doi:10.3917/edd.hs02.0035 · Cited by 49
Determinants of Commercial Bank Profitability in Mexico
Universidad de Guadalajara, C.-D.-I., & Rodríguez, R. A. C. (2015) · EconoQuantum · doi:10.18381/eq.v12i1.4855 · Cited by 49
Is Financial Globalization Beneficial?
Mishkin, F. S. (2005) · National Bureau of Economic Research · doi:10.3386/w11891 · Cited by 49
Finance and Growth: A Macroeconomic Assessment of the Evidence from a European AnglePreprint
Papaioannou, E. (2007) · SSRN Electronic Journal · doi:10.2139/ssrn.1001457 · Cited by 49
Innovation and financial liberalization
Ang, J. B. (2014) · Journal of Banking & Finance · doi:10.1016/j.jbankfin.2014.07.007 · Cited by 48
Financial development and agricultural performance in Nigeria: what role do institutions play?
Raifu, I. A., & Aminu, A. (2019) · Agricultural Finance Review · doi:10.1108/afr-06-2018-0045 · Cited by 48
Finance, growth, and stability: Lessons from the crisis
Beck, T. (2014) · Journal of Financial Stability · doi:10.1016/j.jfs.2013.12.006 · Cited by 47
Benchmarking Financial Systems: Introducing the Financial Possibility Frontier
Feyen, E. H. B., & Beck, T. (2013) · World Bank, Washington, DC eBooks · doi:10.1596/1813-9450-6615 · Cited by 47
FINANCIAL DEVELOPMENT AND GROWTH: A PANEL SMOOTH REGRESSION APPROACH
Eggoh, J. C. (2010) · Journal of Economic Development · doi:10.35866/caujed.2010.35.1.002 · Cited by 46
Only income diverges: A neoclassical anomaly
GRIER, K. B., & Grier, R. M. (2006) · Journal of Development Economics · doi:10.1016/j.jdeveco.2006.12.004 · Cited by 46
Mayer‐Foulkes, D., & Nunnenkamp, P. (2009) · Review of Development Economics · doi:10.1111/j.1467-9361.2009.00510.x · Cited by 46
Self-citationAnti-competitive conduct, in-house R&D, and growth
Grossmann, V., & Steger, T. M. (2007) · European Economic Review · doi:10.1016/j.euroecorev.2007.10.005 · Cited by 46
Too Cold, Too Hot, or Just Right? Assessing Financial Sector Development Across the Globe
Adolfo Barajas, E., Beck, T., Dabla‐Norris, E., & Yousefi, R. (2013) · IMF Working Paper · doi:10.5089/9781484351086.001 · Cited by 45
From Growth Theory to Policy Design
Aghion, P., & Durlauf, S. N. (2009) · World Bank, Washington, DC eBooks · doi:10.1596/28001 · Cited by 45
Self-citation15 Housing Privatization and Household Wealth in Transition
Yemtsov, R. (2008) · Oxford University Press eBooks · doi:10.1093/acprof:oso/9780199548880.003.0015 · Cited by 49
Who Gets The Credit? And Does It Matter? Household Vs. Firm Lending Across Countries
Bahadir, B., Beck, T., Rioja, F. K., & Valev, N. T. (2008) · World Bank, Washington, DC eBooks · doi:10.1596/1813-9450-4661 · Cited by 45
3 Long‐Run Changes in the Concentration of Wealth: An Overview of Recent Findings
Ohlsson, H., Roine, J., & Waldenström, D. (2008) · Oxford University Press eBooks · doi:10.1093/acprof:oso/9780199548880.003.0003 · Cited by 43
The Finance–Growth Link in Latin America
Blanco, L. R. (2009) · Southern Economic Journal · doi:10.4284/sej.2009.76.1.224 · Cited by 44
The role of R&D and input trade in productivity growth: innovation and technology spillovers
Lee, D. (2019) · The Journal of Technology Transfer · doi:10.1007/s10961-019-09717-0 · Cited by 44
The Human Development Trap in Mexico
Mayer‐Foulkes, D. (2008) · World Development · doi:10.1016/j.worlddev.2007.04.023 · Cited by 44
Self-citationEntrepreneurial innovation and economic growth
Grossmann, V. (2009) · Journal of Macroeconomics · doi:10.1016/j.jmacro.2008.12.008 · Cited by 43
Metadata
- Authors
- Aghion, P., Howitt, P., & Mayer-Foulkes, D.
- Affiliations
- Harvard University (US)
- Brown University (US)
- ORCID
- Aghion, Philippe
- Venue
- Quarterly Journal of Economics
- Publisher
- Oxford University Press (OUP)
- Published
- 2005-02
- Volume
- 120
- Issue
- 1
- Pages
- 173-222
- ISSN
- 0033-5533 (ISSN-L)
- 1531-4650
- OpenAlex
- W2133207356
- Cited by
- 962
- References
- 115
- Citations by year
- 2026: 11 · 2025: 30 · 2024: 35 · 2023: 48 · 2022: 31 · 2021: 64 · 2020: 56 · 2019: 45 · 2018: 55 · 2017: 52 · 2016: 38 · 2015: 48 · 2014: 59 · 2013: 56 · 2012: 44
- FWCI
- 109.83
- Type
- journal article
- Language
- en
- Open access
- green
- discovery.ucl.ac.uk
- Locations
- The Quarterly Journal of Economics (publishedVersion)
- RePEc: Research Papers in Economics (submittedVersion)
- UCL Discovery (University College London) (submittedVersion)
- Digital Access to Scholarship at Harvard (DASH) (Harvard University) (submittedVersion, cc-by)
- Topics
- Social Sciences › Economics, Econometrics and Finance › Economics and Econometrics › Economic Growth and Productivity
- Social Sciences › Economics, Econometrics and Finance › General Economics, Econometrics and Finance › Monetary Policy and Economic Impact
- Social Sciences › Economics, Econometrics and Finance › Economics and Econometrics › Economic Growth and Development
- Keywords
- financial development, economic convergence, Schumpeterian growth, technology transfer, financial intermediation, cross-country growth
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
