Financial Development and Economic Growth /
This paper examines the empirical relationship between long-run growth and the degree of financial development, proxied by the ratio of bank credit to the private sector as a fraction of GDP. We find that this proxy enters significantly and with a positive sign in growth regressions on a large cross...
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| Format: | Czasopismo |
| Język: | English |
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Washington, D.C. :
International Monetary Fund,
1992.
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| Seria: | IMF Working Papers; Working Paper ;
No. 1992/101 |
| Dostęp online: | Full text available on IMF |