Finance, Financial Sector Policies, and Long-Run Growth

By Asli Demirgüç-Kunt, Ross Levine. 2008

140 citations recorded by the source corpus.

The first part of this paper reviews the literature on the relation between finance and growth. The second part of the paper reviews the literature on the historical and policy determinants of financial development. Governments play a central role in shaping the operation of financial systems and the degree to which large segments of the financial system have access to financial services. The paper discusses the relationship between financial sector policies and economic development.

Subfields: Economics and Econometrics, Finance

View Paper: https://www.semanticscholar.org/paper/637abbba1be6e11c0f2a1f74d5ea5d01961bf490

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Citations in the corpus

Financial Development and Economic Growth: The Experience of 10 Sub-Saharan African Countries Revisited (2010, result): “1For a detail literature review on the relationship between financial development and economic growth, see Levine, 1997; Odhiambo, 2008; Ang, 2008; Demirguc-Kunt and Levine, 2008) among several others. c°2010 The Review of F inance and Banking 17 Odhiambo (2007) found conflicting results for three…”
Re-examining the financial development and economic growth nexus in Kenya (2009, background): “…important factor for fostering long-run economic growth as finance is able to facilitate growth by enabling efficient intertemporal allocation of resources, capital accumulation and technological innovation (see Ang, 2008; AbuBader and Abu-Qarn, 2008; Levine, 2005; Demirgüç-Kunt and Levine, 2008).”
The Central and Eastern European model of capitalism (2011, background): “Several studies show that the depth of a financial system is related to long-term economic growth per capita, capital accumulation and the growth of productivity (Demirgüç-Kunt and Levine 2008).”
The Finance and Growth Nexus Re-Examined: Do All Countries Benefit Equally? (2013, background): “As surveyed first by Levine (1997a), then by Demirguc-Kunt and Levine (2008, 2009), there is a vast literature showing the benefits that accrue to countries in which financial development is greater.”