FINANCIAL INTERMEDIATION IN A MODEL OF GROWTH THROUGH CREATIVE DESTRUCTION

By M. F. Morales. Macroeconomic Dynamics, 2003

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Small Banks and Local Economic Development (2015, background): “Morales (2003) develops a Schumpeterian model that focuses on creative destruction and the role of banks.”
Finance, Financial Sector Policies, and Long-Run Growth (2008, background): “…technologies, financial intermediaries may also boost the rate of technological innovation by identifying those entrepreneurs with the best chances of successfully initiating new goods and production processes (King and Levine, 1993b; Galetovic, 1996; Blackburn and Hung, 1998; and Morales, 2003).”
Finance and Growth in a Bank-Based Economy: Is it Quantity or Quality that Matters? (2010, unknown): “On the one hand, Robinson (1952) argues that nancial services are provided as a reaction to the demand by corporate rms.”