Hicks, the General Theory and the generalization of the General Theory

By Claudia Heller, D. Champernowne, B. Reddaway, R. Harrod, James Meade. 2007

476 citations recorded by the source corpus.

View Paper: https://www.semanticscholar.org/paper/8d62c3a25f7b7dfebf06205b23e02e8cefe30eef

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Citations in the corpus

Financial Development, Bank Efficiency and Economic Growth across the Mediterranean (2013, background): “Some argue that finance is a strong contributor to growth (Baghehot, 1873; Schumpeter, 1912; Hicks, 1969 and Miller, 1998) while others such Robinson (1952) suggest that growth leads to financial development and Lucas (1988) shows that finance is over-stressed in explaining growth.”
Does financing spur small business productivity? Evidence from a natural experiment (2015, unknown): “…growth.4 There is a vast literature which has looked at whether finance creates productivity growth (e.g., Hicks (1969)) or follows growth (e.g., Robinson (1952)), but since finance and growth are endogenously determined, identifying the direction of causality has been a major hurdle in this…”
Financial development and economic growth in an oil-rich economy: The case of Saudi Arabia (2014, result): “In contrast to the previous position, Robinson (1952) argues that financial development follows economic growth, which implies that as an economy develops the demand for financial services increases and as a result more financial institutions, financial instruments and services appear in themarket.”
Finance and Growth: Time Series Evidence on Causality (2015, background): “For example, Rousseau and Wachtel (1998) document a strong causality from finance to growth before the 1930’s for five industrialized economies: US, UK, Canada, Norway and Sweden.”
Venture Capital and Innovation: Which is First? (2008, unknown): “For instance, close to the spirit of this paper, Robinson (1952) argues that financial development follows economic development.”
Is Islamic Banking Good for Growth? (2015, unknown): “Robinson (1952) challenges this view, arguing that financial development simply follows economic growth.”
Same Financial Development yet Different Economic Growth--Why? (2006, background): “…with this standard theory, it should come as no surprise that financial development follows economic growth given that when the real economy grows, there should be more savings entering the financial system, which in turn should allow it to extend new loans, and so on (Robinson, 1952, Lucas, 1988).”
Constraints in access to and demand for rural credit: evidence from Uganda. (2010, background): “Relatedly, other scholars have argued that the financial sector follows growth, “Wherever enterprise leads, finance follows,” (Robinson, 1952, p.86).”
A Theoretical and Quantitative Analysis of Financial Inclusion and Economic Growth (2013, background): “Economists like Joan Robinson (1952) opined that ‘where enterprise leads, finance follows’, thereby taking a position that economic development creates demand for particular types of financial arrangements and the financial system responds automatically to these demands.”