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 2013-08-01
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://doi.org/10.1016/j.econlet.2013.04.018 en_US
dc.rights This Item is protected by copyright and/or related rights. You are free to use this Item in any way that is permitted by the copyright and related rights legislation that applies to your use. For other uses you need to obtain permission from the rights-holder(s).
dc.rights.uri http://rightsstatements.org/vocab/InC/1.0/
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 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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This Item is protected by copyright and/or related rights. You are free to use this Item in any way that is permitted by the copyright and related rights legislation that applies to your use. For other uses you need to obtain permission from the rights-holder(s). Except where otherwise noted, the use of this item is bound by the following: This Item is protected by copyright and/or related rights. You are free to use this Item in any way that is permitted by the copyright and related rights legislation that applies to your use. For other uses you need to obtain permission from the rights-holder(s).

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