Chapter 12 Finance and Growth: Theory and Evidence

By Ross Levine. 2005

1,323 citations recorded by the source corpus.

Subfields: Economics and Econometrics, Finance

View Paper: https://www.semanticscholar.org/paper/dc21ccf1c80b556ec07596b2957ccf3b0effd722

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Citations in the corpus

The Impact of Financial Development and Trade on the Economic Growth of Bolivia (2012, methodology): “Beck and Levine (2004), using a panel data set for the 1976-1998 period, find that stock markets and banks positively influence economic growth; and Levine (2005) concludes that the preponderance of evidence suggests that both financial intermediaries and markets matter for growth.”
Does Islamic banking development favor macroeconomic efficiency? Evidence on the Islamic finance-growth nexus (2015, background): “Levine (2005) explains thatfinancial development can favor productivity and growth because the financial system contributes to the availability of information, the enforcement, and the transactions costs of financing decisions and transactions.”
Banking stability, competition, and economic volatility (2016, background): “A more developed banking system promotes a country’s economic growth during normal periods (Rajan and Zingales, 1998; Levine, 2005; Ongena and Giannetti, 2009) and reduces economic volatility (Denizer et al., 2002; Easterly et al., 2000; Larrain, 2006; Raddatz, 2006).”
International Financial Integration Through Equity Markets: Which Firms from Which Countries Go Global? (2007, neutral): “…country level, there is by now consensus that there is a strong relation between domestic stock market development and macroeconomic factors (see Levine 2005 for a review); however, there are different views on how macroeconomic variables relate to firms’ activity in international equity…”
Financial development and economic growth: New evidence from Tunisia (2014, background): “The debate on optimal financial structure that promotes long-run economic growth culminates in four distinct views: the bank-based, the market-based, the financial services, and the law and finance (Dolar & Meh, 2002; Levine, 2005).”
What Drives the Dynamics of Business Growth (2016, background): “(See Levine, 2005 for an extensive review of the theoretical and empirical literature on financial development).”
Corporate investment efficiency: The role of financial development in firms with financing constraints and agency issues in OECD non-financial firms (2019, background): “Financial development can also impact corporate investment through other means such as, by lowering transactions costs, by channeling savings to the firms, enhancing innovative activities, and removing the barriers to exchanges of transactions (Hsu et al., 2014; Levine, 2005).”
Current Account Balances, Financial Development and Institutions: Assaying the World "Savings Glut" (2007, neutral): “…real output growth rates.3 Financial Development/Deepening: A large body of literature has identified the positive effect of development in financial instruments, markets, and institutions – or financial development or deepening – on economic growth (see Levine (2005) for a comprehensive review).”
'Lending by Example': Direct and Indirect Effects of Foreign Banks in Emerging Markets (2012, background): “…following two years is related to domestic and foreign financial development in 1999 and 2004, respectively.18 We follow the 18 As is common in the literature on finance and growth (Levine (2005)), we consider the level of financial development at the beginning of the period instead of its changes.”
What promotes R&D? Comparative evidence from around the world (2017, background): “5 institutions, finance, and aggregate economic performance explored in numerous studies (e.g., King and Levine, 1993; Aghion and Howitt, 2005; Levine, 2005; Brown, Martinsson, and Petersen, 2016).”