Financial dependence, global growth opportunities, and growth revisited

Simone Manganelli and Alexander Popov

Economics Letters, 2013, vol. 120, issue 1, 123-125

Abstract: 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.

Keywords: Financial markets; Growth; Non-linearities (search for similar items in EconPapers)
JEL-codes: G1 O4 (search for similar items in EconPapers)
Date: 2013
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Citations: View citations in EconPapers (23)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:120:y:2013:i:1:p:123-125

DOI: 10.1016/j.econlet.2013.04.001

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