Finance, firm size, and growth

By: Contributor(s): Material type: TextTextSeries: Policy Research Working paper, 3485Publication details: Washington, DC World Bank 2005Description: 37 pSubject(s): DDC classification:
  • 338.64
Summary: Although research shows that financial development accelerates aggregate economic growth, economists have not resolved conflicting theoretical predictions and ongoing policy disputes about the cross‐firm distributional effects of financial development. Using cross‐industry, cross‐country data, the results are consistent with the view that financial development exerts a disproportionately positive effect on small firms. These results have implications for understanding the political economy of financial sector reform. https://onlinelibrary.wiley.com/doi/abs/10.1111/j.1538-4616.2008.00164.x
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Books Vikram Sarabhai Library Rack 23-A / Slot 925 (0 Floor, East Wing) General Stacks 338.64 B3F41 (Browse shelf(Opens below)) Available 158485

Although research shows that financial development accelerates aggregate economic growth, economists have not resolved conflicting theoretical predictions and ongoing policy disputes about the cross‐firm distributional effects of financial development. Using cross‐industry, cross‐country data, the results are consistent with the view that financial development exerts a disproportionately positive effect on small firms. These results have implications for understanding the political economy of financial sector reform.

https://onlinelibrary.wiley.com/doi/abs/10.1111/j.1538-4616.2008.00164.x

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