It takes the average reader and 39 minutes to read Financial Development and Economic Growth by Mr.Pablo Emilio Guidotti
Assuming a reading speed of 250 words per minute. Learn more
This paper examines the empirical relationship between long–run growth and the degree of financial development, proxied by the ratio of bank credit to the private sector as a fraction of GDP. We find that this proxy enters significantly and with a positive sign in growth regressions on a large cross–country sample, but with a negative sign using panel data for Latin America. Our findings suggest that the main channel of transmission from financial development to growth is the efficiency of investment, rather than its volume. We also present a model where the negative correlation between financial intermediation and growth results from financial liberalization in a poor regulatory environment.
Financial Development and Economic Growth by Mr.Pablo Emilio Guidotti is 38 pages long, and a total of 9,804 words.
This makes it 13% the length of the average book. It also has 12% more words than the average book.
The average oral reading speed is 183 words per minute. This means it takes and 53 minutes to read Financial Development and Economic Growth aloud.
Financial Development and Economic Growth is suitable for students ages 8 and up.
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