Finance-Led Growth in the OECD since the Nineteenth Century: How Does Financial Development Transmit to Growth?

• المؤلفون الرئيسيون: Madsen, Jakob B., Ang, James B.
• مؤلفون آخرون: School of Humanities and Social Sciences
• التنسيق: مقال
• اللغة: English
• منشور في: 2016
• الموضوعات: financial development; productivity growth
• الوصول للمادة أونلاين: https://hdl.handle.net/10356/84701; http://hdl.handle.net/10220/41914

It is well established in the literature that financial development (FD) is conducive to growth, and yet the channels through which FD affects growth are not well understood. Using a unique new panel data set for 21 OECD countries over the past 140 years, this paper examines the extent to which FD t...