... owner. Further reproduction prohibited without permission.
Financial development andeconomic growth: Views and agenda
Ross Levine
Journal of Economic Literature; Jun 1997; 35, 2; ABI/INFORM Global
pg....
... A. and Limongi, F. (1993). “Political Regimes andEconomic Growth, ” Journal of
Economic Perspectives 7: 51–69.
Przeworski, A., Alvarez, M.E., Cheibub, J.A. and Limongi, F. (2000). Democracy and
Development: ... (Fukuyama, 1992) and the economicgrowthand efficiency that
appears to sustain it.
We attempt to enhance the understanding of the indirect effects that democ-
racy has on economic growth. Although ... education
and health, both of which facilitate economicgrowth (Baum and Lake, 2003;
Helliwell, 1994). Moreover, democracy facilitates political stability, which is also
known to be good for economic growth.
We...
... 1999. EconomicGrowthand Political Regimes, Journal of Economic Growth, 4:81-111.
Esfahani, H. and M. Ramirez. 2003. Institutions, Infrastructure andEconomic Growth. Journal of Development
Economics ... Ozler, N. Roubini, and P. Swagel. 1996. Political Instability andEconomic Growth, Journal of Economic
Growth
Alesina, A. and D. Rodrik. 1994. Distributive Politics and Economics Growth. Quarterly ... Lawson and R.G. Holcombe 1999. Economic freedom and the environment for economic
growth, Journal of Theoretical and Institutional Economics, 155, 643-663.
Hanke, S. and S. Walters. 1997. Economic...
... 1999. EconomicGrowthand Political Regimes, Journal of Economic Growth, 4:81-111.
Esfahani, H. and M. Ramirez. 2003. Institutions, Infrastructure andEconomic Growth. Journal of Development
Economics ... Lawson and R.G. Holcombe 1999. Economic freedom and the environment for economic
growth, Journal of Theoretical and Institutional Economics, 155, 643-663.
Hanke, S. and S. Walters. 1997. Economic ... Relationship Between Democracy andEconomic Growth.
Public Choice 86, 175-98.
Doucouliagos, C.(H)., and M.A. Ulubasoglu. 2006. Economic Freedom andEconomic Growth: Does Specification
Make...
... (Fukuyama, 1992) and the economicgrowthand efficiency that
appears to sustain it.
We attempt to enhance the understanding of the indirect effects that democ-
racy has on economic growth. Although ... largely
DRURY/KRIECKHAUS/LUSZTIG: Corruption, Democracy, andEconomicGrowth 125
Corruption, Democracy, andEconomic Growth
A. COOPER DRURY, JONATHAN KRIECKHAUS, AND MICHAEL LUSZTIG
A
BSTRACT
. Scholars have ... A. and Limongi, F. (1993). “Political Regimes andEconomic Growth, ” Journal of
Economic Perspectives 7: 51–69.
Przeworski, A., Alvarez, M.E., Cheibub, J.A. and Limongi, F. (2000). Democracy and
Development:...
... Canning, and Günther Fink, "Population Aging andEconomic Growth& quot;, forthcoming in
Spence, Michael, and Danny Leipziger (eds.), Global Challenges and Growth, Commission on Growthand
Development. ... anticipation of retirement, and the flexibility of capitalist economies
to adapt to changes in labor supply and demand and to alter management and labor practices in
light of changing market conditions) ... Yuanli Liu, Ajay Mahal, and Winnie Yip, ‘The Contribution of
Population Health and Demographic Change to EconomicGrowth in China and India’, Journal of Comparative
Economics, forthcoming 2010....
... social trust andeconomic growth. To shed more
light on how social trust might influence economic growth, the relationship between
social trust and human capital and social trust and legal quality ... social
trust andeconomic performance and thus to contribute to a deeper understanding of
economic growthand social trust. To achieve this goal the analysis is based on a
panel dataset and thus ... institutions and governmental structure and
tries to explain why there are nevertheless huge disparities in economic performance
between Northern and Southern Italy. His findings suggest that the economic...
... Rates and State
Economic Growth. ” Regional Science and Urban Economics 24
(6): 687–705.
Plaut, T. R., and Pluta, J. (1983) “Business Climate, Taxes and
Expenditures, and State Industrial Growth ... Hypotheses.” Economic Inquiry 27 (3):
367–86.
Mofidi, A., and Stone J. A. (1990) “Do State and Local Taxes Affect
Economic Growth? ” Review of Economics and Statistics 72 (4):
686–91.
Mullen, J. K., and ... (1990) “Tiebout Taxes andEconomic Growth. ” Cato
Journal 10 (1): 99–108.
__________ (1995) “State and Local Taxation and Economic
Growth: Lessons for Federal Tax Reform.” Joint Economic
Committee....
...
45
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effect, inflation exhibits a positive relationship to economic growth. Tobin...
... t-9.12
MEX
NOR
IDN
USA
CYP
GBR
GRE
ESPEL
NLD
NZL
JOR
URY
COL
ZWE
ROM
PHL
PER
ZAF
BRA
MAR
GHA
IND
HHIENDHIEN
DHIEN
DHIEN
SGY
JRL
IRN
FRA
FIN
MYS
CHN
KOR
HKG
THA
PR
ISL
ITA
IRL
TWN
SGP
TUN
ARG
Education andEconomic Growth
Cisco Public 7
Section 1—Education andEconomic Growth
The relationship between economicgrowthand education has been
one of the central threads of economic analysis. ... eds,
Handbook of Economic Growth, Elsevier, North-Holland
M. Bils and P. Klenow, 2000, ‘Does Schooling Cause Growth? ,’ American EconomicReview, 90-5:1160-1183
W. Blankenau, N. Simpson and M. ... States
Luxembourg
Canada
Switzerland
Ireland
Isreal
Australia
New Zealand
United Kingdom
Sweden
Czech Republic
Slovak Republic
Japan
Korea
Australia
Poland
Hungary
France
Belgium
Finland
Netherlands
Greece
Spain
Iceland
Italy
Turkey
Mexico
Portugal
Education...
... of
domestic capital markets — on the state of financial development and, hence, on the rate
of economic growth.
Easterly and Rebelo (1993) examined aspects of public investment and also
considered ... commercial banks and other domestic financial institutions. The general finding is
that the presence of a more advanced domestic financial sector predicts higher economic
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Global Integration” Brookings Papers on Economic Activity 1: 1-95.
Solow, Robert M. (1956) “A Contribution to the Theory of Economic...
... investments in broadband and high-speed rail, and competitive education and infrastructure. In
fact, the money spent on clean water, renewable energy, superfund sites, and much more, is going ...
to have to be surgical and we’re going to have to be creative. We’re going to have to be smart and stra-
tegic. We’ll need to look beyond the old standbys and fallbacks and come up with the best ... cities and communities together and changed the
way we look at the world and innovated and created new products, that you can come up with some
additional good ideas on how to create jobs. And...
... International Economics 33, 199-219.
Liew, J., and M. Vassalou, 2002, “Can Book-to -Market, Size, and Momentum be Risk Factors
that Predict Economic Growth? ,” Journal of Financial Economics, ... emerging markets capital markets into world financial markets are confined to equity markets,
ignoring currency markets that arguably are more important in determining the success of financial liberalization.
We ... emerging markets currency markets is yet to
be determined, claims of financialmarket integration following capital marketliberalization may
be premature (see, e.g., Bekaert, Harvey and Lumsdaine...
... capital markets
and incorporate these measures into our study
of stock markets. banks. andeconomic
growth.
Furthermork, we control for economic
and political factors that may influence growth ...
X
and
VOL.
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7
DemirgiigKunt, Asli and Maksimovic, Vojislav.
" ;Financial Constraints, Uses of Funds, and
Firm Growth: ...
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LEVINE AND ZERVOS: SrOCK MARKETS, BANKS, ANDGROWTH
TABLE
INITIAL
STOCKMARKET BANKS, ~~-~OUNTRYDEVELOPMENT,
AND
GROWTH,
SAMPLE
Dependent variable: Output Growth
78-country...