Financial liberalization, financial development and productivity growth: An overview

Agnieszka Gehringer ()

No 2013-46, Economics Discussion Papers from Kiel Institute for the World Economy (IfW Kiel)

Abstract: The paper surveys the literature on the effects of finance on productivity growth. In both the theoretical and empirical literature, there is no consensus regarding the contribution of financial liberalization and financial development to growth. Focusing on the direct channels of growth, the author has found both positive and negative contribution of finance to growth. Clearer positive effects emerge when considering growth channels related to productivity dynamics, with the estimated effects being positive and statistically distinguishable from zero.

Keywords: FDI; financial liberalization; financial development; productivity; growth; review (search for similar items in EconPapers)
JEL-codes: F32 F33 F36 (search for similar items in EconPapers)
Date: 2013
New Economics Papers: this item is included in nep-eff and nep-fdg
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (7)

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Persistent link: https://EconPapers.repec.org/RePEc:zbw:ifwedp:201346

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