Financial liberalization, financial development and productivity growth: An overview

Arbeitspapier

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.

Object Details

• Language: Englisch

References and Relationships

• Bibliographic citation: Series: Economics Discussion Papers ; No. 2013-46

Classification and Topics

• Classification: Wirtschaft ; Current Account Adjustment; Short-term Capital Movements ; International Monetary Arrangements and Institutions ; Financial Aspects of Economic Integration
• Subject: FDI ; financial liberalization ; financial development ; productivity ; growth ; review

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Gehringer, Agnieszka
• Event: Veröffentlichung
• (who): Kiel Institute for the World Economy (IfW)
• (where): Kiel
• (when): 2013

Further information

• Handle: http://hdl.handle.net/10419/81539
• Last update: 10.03.2025, 11:44 AM CET