Financial intermediation : a contributing factor to economic growth and employment

Dominique M. Gross

33 citations0/0 files storedRePEc: Research Papers in Economics

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Monetary Policy and Economic Impact Economic Theory and Policy Economic Growth and Productivity

Abstract

Reviews evidence from economic research on the relationship between financial intermediation, growth and employment, focusing on macroeconomic aspects. Shows how developments in the financial sector do contribute to economic growth and highlights the importance of the ability of firms to raise capital. Discusses policy implications.

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References

1956A Contribution to the Theory of Economic Growth 1988On the mechanics of economic development 1992A Contribution to the Empirics of Economic Growth 1989Endogenous Technological Change 1981Credit Rationing in Markets with Imperfect Information 1921Risk, Uncertainty and Profit 1993Finance and Growth: Schumpeter Might Be Right 2000The Mystery of Capital: Why Capitalism Triumphs in the West and Fails Everywhere Else

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