Financial dependence, global growth opportunities, and growth revisited

被引:22
|
作者
Manganelli, Simone [1 ]
Popov, Alexander [1 ]
机构
[1] European Cent Bank, D-60311 Frankfurt, Germany
关键词
Financial markets; Growth; Non-linearities;
D O I
10.1016/j.econlet.2013.04.001
中图分类号
F [经济];
学科分类号
02 ;
摘要
We show that financial development has a non-monotonic effect on growth in the Rajan and Zingales (1998) and Fisman and Love (2007) sample. Beyond a threshold, financially dependent industries and industries facing good growth opportunities grow disproportionately more slowly. (C) 2013 Elsevier B.V. All rights reserved.
引用
收藏
页码:123 / 125
页数:3
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