Financial development, real sector, and economic growth

@inproceedings{Ductor2015FinancialDR,
  title={Financial development, real sector, and economic growth},
  author={Lorenzo Ductor and Daryna Grechyna},
  year={2015}
}
  • Lorenzo Ductor, Daryna Grechyna
  • Published 2015
  • Economics
  • This paper evaluates the interdependence between financial development and real sector output and the effect on economic growth. Using panel data for 101 developed and developing countries over the period 1970 to 2010, we show that the effect of financial development on economic growth depends on the growth of private credit relative to the real output growth. The findings also suggest that the effect of financial development on growth becomes negative, if there is rapid growth in private… CONTINUE READING

    Create an AI-powered research feed to stay up to date with new papers like this posted to ArXiv

    Figures and Tables from this paper.

    Citations

    Publications citing this paper.
    SHOWING 1-10 OF 37 CITATIONS

    References

    Publications referenced by this paper.
    SHOWING 1-10 OF 51 REFERENCES