Finance and Growth: Some Theoretical Considerations and a Review of the Empirical Literature

This paper aims at providing an overview of the theoretical considerations and a review of the empirical literature on the relationship between finance and growth. Section I describes the role of financial development in economic growth at the macro level, both theoretically and empirically. Section...

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1. Verfasser: Tsuru, Kotaro (VerfasserIn)
Format: Elektronisch E-Book
Sprache:English
Veröffentlicht: Paris OECD Publishing 2000
Schriftenreihe:OECD Economics Department Working Papers
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Zusammenfassung:This paper aims at providing an overview of the theoretical considerations and a review of the empirical literature on the relationship between finance and growth. Section I describes the role of financial development in economic growth at the macro level, both theoretically and empirically. Section II examines the role of corporate finance in firm-level performance, especially focusing on the role of "internal funds" and "internal capital markets". Section III presents a comparative analysis of financial systems, and analyses both the Asian crisis and the US venture capital phenomenon from this perspective. Section IV presents some policy implications and conclusions ...
Beschreibung:1 Online-Ressource (53 Seiten) 21 x 29.7cm
DOI:10.1787/307832384453

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