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Cited by 3,545

The DOI matches its Crossref record; 30 of the 30 references it cites were found in a registry or an index.

Finance and Growth: Theory and Evidence

Open access
Levine, Ross·2004·National Bureau of Economic Research
DOI 10.3386/w10766
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Abstract

This paper reviews, appraises, and critiques theoretical and empirical research on the connections between the operation of the financial system and economic growth.While subject to ample qualifications and countervailing views, the preponderance of evidence suggests that both financial intermediaries and markets matter for growth and that reverse causality alone is not driving this relationship.Furthermore, theory and evidence imply that better developed financial systems ease external financing constraints facing firms, which illuminates one mechanism through which financial development influences economic growth.The paper highlights many areas needing additional research.

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Metadata

Authors
Levine, R.
Venue
National Bureau of Economic Research
Publisher
National Bureau of Economic Research
Published
2004-09
Pages
865-934
DOI
10.3386/w10766
OpenAlex
W2113844427
Cited by
3,545
References
30
Type
report
Language
en
Open access
green

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CoChat. (2026). Citation check: Finance and Growth: Theory and Evidence. https://app.cochat.ai/papers/10.3386/w10766
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Levine, R. (2004). Finance and Growth: Theory and Evidence. National Bureau of Economic Research. https://doi.org/10.3386/w10766

Data sources

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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.