Financial Development and Growth in the Short and Long Run

Financial Development and Growth in the Short and Long Run

The authors analyze the relationship between financial development and inter-industry resource allocation in the short and long run. They suggest that in the long run, economies with high rates of financial development will devote relatively more r...

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Bibliographic Details
Main Authors: Fisman, Raymond, Love, Inessa
Format: Policy Research Working Paper
Language:English
en_US
Published: World Bank, Washington, D.C. 2013
Subjects:
AUGMENTATION
AVERAGE GROWTH
AVERAGE GROWTH RATE
BANK MONITORING
CAPITAL EXPENDITURES
CAPITAL MARKETS
COMPARATIVE ADVANTAGE
COUNTRY SPECIFIC
DESCRIPTIVE STATISTICS
DEVELOPING COUNTRIES
DIVERSIFICATION
DOMESTIC CREDIT
ECONOMIC ACTIVITY
ECONOMIC DEVELOPMENT
ECONOMIC GROWTH
ECONOMIC LITERATURE
ECONOMICS
FACTOR PRICES
FINANCIAL DEVELOPMENT
FINANCIAL INSTITUTIONS
FINANCIAL MARKETS
FUNCTIONAL FORM
GROWTH PROSPECTS
GROWTH RATES
GROWTH REGRESSION
GROWTH REGRESSIONS
HIGH GROWTH
HUMAN CAPITAL
INCOME
INTERMEDIARIES
IRON
LEGAL ORIGIN
LONG RUN
MARKET CAPITALIZATION
MONETARY ECONOMICS
MORAL HAZARD
MORTALITY
PETROLEUM REFINERIES
POLICY RESEARCH
PRODUCTIVITY
PROMOTING GROWTH
PROPERTY RIGHTS
RESOURCE ALLOCATION
SHORT-RUN GROWTH
SIGNIFICANT IMPACT
SKILLED LABOR
SKILLED WORKERS
STANDARD DEVIATION
TRADE FLOWS CAPITAL MARKETS
CASH FLOWS
CASH GENERATION
EFFICIENT RESOURCE ALLOCATION
EXTERNAL FINANCING
FINANCIAL INTERMEDIARIES
FINANCIAL MARKET DEVELOPMENT
Online Access:http://documents.worldbank.org/curated/en/2004/05/4973127/financial-development-growth-short-long-run
http://hdl.handle.net/10986/14025

Internet

http://documents.worldbank.org/curated/en/2004/05/4973127/financial-development-growth-short-long-run
http://hdl.handle.net/10986/14025

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