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Finance, firm size and growth

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

Other publications TiSEM from Tilburg University, School of Economics and Management

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.

Date: 2008
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Published in Journal of Money, Credit and Banking (2008), v.40, nr.7, p.1379-1405

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https://pure.uvt.nl/ws/portalfiles/portal/1037640/small_firm_industry_feb05.pdf (application/pdf)

Related works:
Journal Article: Finance, Firm Size, and Growth (2008) Downloads
Working Paper: Finance, firm size, and growth (2005) Downloads
Working Paper: Finance, Firm Size, and Growth (2004) Downloads
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