This paper examines how financial development affects the sources of growth—productivity and investment—using a sample of 145 countries for the period 1960-

Finance and growth emerged as a distinct field of economics during the last three decades as economists integrated the fields of finance and economic growth and

This two-volume collection brings together major contributions to the study of finance and growth. It includes conceptual and empirical papers that use a range

There is a vast body of literature estimating the impact of financial development on economic growth, inequality, and economic stability. A typical empirical st