Finance and growth: a synthesis and interpretation of the evidence
DOI:
https://doi.org/10.13133/2037-3643/10608Keywords:
Research, Economic development, financial intermediaries, credit marketsAbstract
There has been a resurgence in the interest of examining the correlation between financial intermediaries and services and long-run growth. An analysis is done to review and interpret empirical proof gathered concerning this issue. The study is premised on the fact that this issue is centred on the belief that incentive frictions in credit markets significantly affect real allocations.
JEL Codes: G20, F43, O43
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