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
来源：
ECONOMICS LETTERS | 2013年 / 120卷 / 01期
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.
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页码：123 / 125
页数：3
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