Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
5059811 | Economics Letters | 2013 | 5 Pages |
Abstract
This paper examines how much financial development facilitates economic growth by nonparametrically estimating the effect of financial development on reducing the costs of external finance to firms. The data reveal substantial evidence of diminishing returns to improvement in financial development.
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Leilei Shen,