EconPapers    
Economics at your fingertips  
 

Finance and Balanced Growth

Alex Trew ()

No 2010-61, SIRE Discussion Papers from Scottish Institute for Research in Economics (SIRE)

Abstract: The Uzawa (1961) theorem applied to finance and growthsuggests that a long-run positive correlation between financial efficiency and depth is only present when variations in the extent of access to financial services are considered. Improvements in financial efficiency can lead to new capital augmenting technologies along the balanced path, but only improvements in financial efficiency directed towards labor can change the rate of growth in the long-run. These findings suggest ways to understand some of the more nuanced relationships between finance and growth observed in the data and point in a number of directions for future research.

Keywords: Finance and Growth; Endogenous Growth; Uzawa Theorem (search for similar items in EconPapers)
Date: 2010
References: View references in EconPapers View complete reference list from CitEc
Citations: Track citations by RSS feed

Downloads: (external link)
http://hdl.handle.net/10943/210
Our link check indicates that this URL is bad, the error code is: 404 Not Found

Related works:
Journal Article: FINANCE AND BALANCED GROWTH (2014) Downloads
Working Paper: Finance and Balanced Growth (2010) Downloads
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:edn:sirdps:210

Access Statistics for this paper

More papers in SIRE Discussion Papers from Scottish Institute for Research in Economics (SIRE) 31 Buccleuch Place, EH8 9JT, Edinburgh. Contact information at EDIRC.
Bibliographic data for series maintained by Research Office ().

 
Page updated 2021-02-26
Handle: RePEc:edn:sirdps:210