Financial dependence and growth: diminishing returns to improvement in financial development

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dc.contributor.author Shen, Leilei
dc.date.accessioned 2013-11-07T22:35:11Z
dc.date.available 2013-11-07T22:35:11Z
dc.date.issued 2013-11-07
dc.identifier.uri http://hdl.handle.net/2097/16758
dc.description.abstract This paper examines how much financial development facilitates economic growth by nonparametrically estimating the e ffect of fi nancial development on reducing the costs of external fi nance to fi rms. The data reveal substantial evidence of diminishing returns to improvement in financial development. en_US
dc.language.iso en_US en_US
dc.relation.uri http://www.sciencedirect.com/science/article/pii/S0165176513001894 en_US
dc.subject Financial dependence en_US
dc.subject Growth en_US
dc.subject Semiparametric estimation en_US
dc.title Financial dependence and growth: diminishing returns to improvement in financial development en_US
dc.type Article (author version) en_US
dc.date.published 2013 en_US
dc.citation.doi doi:10.1016/j.econlet.2013.04.018 en_US
dc.citation.epage 219 en_US
dc.citation.issue 2 en_US
dc.citation.jtitle Economics Letters en_US
dc.citation.spage 215 en_US
dc.citation.volume 120 en_US
dc.contributor.authoreid lshen en_US


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