The DOI matches its Crossref record; 1 of the 1 references it cites were found in a registry or an index.
Financial Development, Growth, and the Distribution of Income
Open accessPreprint — published as 10.1086/261720 · Paper page
Abstract
A paradigm is presented where both the extent of financial intermediation and the rate of economic growth are endogenously determined.Financial intermediation promotes growth because it allows a higher rate of return to be earned on capital, and growth in turn provides the means to implement costly financial structures.Thus, financial intermediation and economic growth are inextricably linked in accord with the Goldsmith-McKinnon-Shaw view on economic development.The model also generates a development cycle reminiscent of the Kuznets hypothesis.In particular, in the transition from a primitive slow-growing economy to a developed fast-growing one, a nation passes through a stage where the distribution of wealth across the rich and poor widens.
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
Financial intermediation and delegated monitoring
Diamond, D. W. (1984) · The Review of Economic Studies · doi:10.2307/2297430 · Cited by 8,476
Cited by
‘Do rural banks matter? Evidence from the Indian social banking experiment’
Burgess, R., & Pande, R. (2005) · American Economic Review · doi:10.1257/0002828054201242 · Cited by 1,480
Inequality, ICT and financial access in Africa
Tchamyou, V. S., Erreygers, G., & Cassimon, D. (2019) · Technological Forecasting and Social Change · doi:10.1016/j.techfore.2018.11.004 · Cited by 653
Distance to Frontier, Selection, and Economic Growth
Acemoglu, D., Aghion, P., & Zilibotti, F. (2002) · SSRN Electronic Journal · doi:10.2139/ssrn.485483 · Cited by 371
Financial Markets And The Allocation Of Capital
Wurgler, J. A. (1999) · SSRN Electronic Journal · doi:10.2139/ssrn.171921 · Cited by 347
Bank liquidity creation and real economic output
Berger, A. N., & Sedunov, J. (2017) · Journal of Banking & Finance · doi:10.1016/j.jbankfin.2017.04.005 · Cited by 268
Metadata
- Authors
- Greenwood, J., & Jovanovic, B.
- Publisher
- Federal Reserve Bank of Minneapolis
- Published
- 1990-05-01
- OpenAlex
- W2170375124
- Cited by
- 716
- References
- 1
- Type
- posted content
- Language
- en
- Open access
- gold
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: Financial Development, Growth, and the Distribution of Income. https://app.cochat.ai/papers/10.21034/wp.446
- The paper
- Greenwood, J., & Jovanovic, B. (1990). Financial Development, Growth, and the Distribution of Income. https://doi.org/10.21034/wp.446
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.
