Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/115513 
Erscheinungsjahr: 
2015
Schriftenreihe/Nr.: 
IDB Working Paper Series No. IDB-WP-565
Verlag: 
Inter-American Development Bank (IDB), Washington, DC
Zusammenfassung: 
This paper presents an integrated overview of the literature linking institutions, financial development and economic growth. From the large body of research on institutional development, the paper first selects those contributions that make it possible to study the role of institutional arrangements in ameliorating/worsening the information frictions and transaction costs that characterize the development of financial markets. The paper then investigates the theoretical mechanisms by which these specific frictions affect economic growth and presents the stock of empirical evidence quantifying the impact of institutions on growth through financial development.
Schlagwörter: 
Financial development
Financial frictions
Property rights
Contract enforcement
Transaction costs
Institutions
Economic growth
JEL: 
G14
G28
G38
O16
O43
Persistent Identifier der Erstveröffentlichung: 
Creative-Commons-Lizenz: 
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Dokumentart: 
Working Paper

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