Finance, Firm Size, and Growth

Thorsten Beck, Asli Demirguc-Kunt, Luc Laeven and Ross Levine ()

Journal of Money, Credit and Banking, 2008, vol. 40, issue 7, 1379-1405

Abstract: Although research shows that financial development accelerates aggregate economic growth, economists have not resolved conflicting theoretical predictions and ongoing policy disputes about the cross-firm distributional effects of financial development. Using cross-industry, cross-country data, the results are consistent with the view that financial development exerts a disproportionately positive effect on small firms. These results have implications for understanding the political economy of financial sector reform. Copyright (c) 2008 International Monetary Fund with Exclusive License to Print by The Ohio State University.

Date: 2008
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Related works:
Journal Article: Finance, Firm Size, and Growth (2008)
Working Paper: Finance, firm size and growth (2008)
Working Paper: Finance, firm size, and growth (2005)
Working Paper: Finance, Firm Size, and Growth (2004)
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Persistent link: https://EconPapers.repec.org/RePEc:mcb:jmoncb:v:40:y:2008:i:7:p:1379-1405

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