Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/81539
Authors: 
Gehringer, Agnieszka
Year of Publication: 
2013
Series/Report no.: 
Economics Discussion Papers 2013-46
Abstract: 
The paper surveys the literature on the effects of finance on productivity growth. In both the theoretical and empirical literature, there is no consensus regarding the contribution of financial liberalization and financial development to growth. Focusing on the direct channels of growth, the author has found both positive and negative contribution of finance to growth. Clearer positive effects emerge when considering growth channels related to productivity dynamics, with the estimated effects being positive and statistically distinguishable from zero.
Subjects: 
FDI
financial liberalization
financial development
productivity
growth
review
JEL: 
F32
F33
F36
Creative Commons License: 
http://creativecommons.org/licenses/by/3.0/
Document Type: 
Working Paper

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