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Sunday, July 26, 2020 | History

3 edition of Financial dependence and growth revisited found in the catalog.

Financial dependence and growth revisited

Raymond Fisman

Financial dependence and growth revisited

by Raymond Fisman

  • 387 Want to read
  • 16 Currently reading

Published by National Bureau of Economic Research in Cambridge, Mass .
Written in English

    Subjects:
  • Capital market -- Econometric models,
  • Infrastructure (Economics),
  • Economic development

  • Edition Notes

    StatementRaymond Fisman, Inessa Love.
    SeriesNBER working paper series -- no. 9582., Working paper series (National Bureau of Economic Research) -- working paper no. 9582.
    ContributionsLove, Inessa., National Bureau of Economic Research.
    The Physical Object
    Pagination22 p. ;
    Number of Pages22
    ID Numbers
    Open LibraryOL17612818M
    OCLC/WorldCa52100674

    different views about the role and importance of a financial system in economic growth. As a summary there are four main opposing views about the causality relationship between financial development and economic growth such as: 1) financial development causes economic growth, which is known as positive causality or supply-leading. the differential impact of financial crises on sectoral growth. To preview our results, we find that in well developed and deep financial systems, sectors highly dependent on external finance tend to experience a greater contraction of value added during a crisis than do externally dependent sectors in countries with shallower financial systems.

    Dependency theory is the notion that resources flow from a "periphery" of poor and underdeveloped states to a "core" of wealthy states, enriching the latter at the expense of the is a central contention of dependency theory that poor states are impoverished and rich ones enriched by the way poor states are integrated into the "world system". Financial Dependence and Growth By RAGHURAM G. RAJAN AND LUIGI ZINGALES * This paper examines whether financial development facilitates economic growth by scrutinizing one rationale for such a relationship: that financial development reduces the costs of extemal finance to firms.

    Dependency Theory Revisited theory dependent countries development and underdevelopment development in LDCs domestic economic development economic growth economic surplus Emmanuel explain exploitation export external Bangladesh, the Netherlands, Korea and the Philippines. He has written, edited and co-authored a large number of books 3/5(1).   Buy Scarcity and Growth Revisited: Natural Resources and the Environment in the New Millennium (Resources for the Future) 1 by Simpson, R. David Professor, Toman, Michael A. Professor, Ayres, Robert U. Professor (ISBN: ) from Amazon's Book Store. Everyday low prices and free delivery on eligible : Hardcover.


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Financial dependence and growth revisited by Raymond Fisman Download PDF EPUB FB2

Financial Dependence and Growth By RAGHURAM G. RAJAN AND LUIGI ZINGALES * This paper examines whetherfinancial development facilitates economic growth by scrutinizing one rationale for such a relationship: that financial development reduces the costs of external finance to firms.

Specifically, we ask whether in Financial Dependence and Growth Revisited Raymond Fisman, Inessa Love. NBER Working Paper No. Issued in March NBER Program(s):Corporate Finance, Economic Fluctuations and Growth In this note, we revisit an earlier, highly influential paper on Financial Dependence and Growth by Rajan and Zingales (), by re-examining their assumptions, and the robustness of their results.

Downloadable (with restrictions). We revisit an earlier, highly influential paper on financial dependence and growth by Rajan and Zingales (). We re-examine their assumptions, and the robustness of their results to alternative theories and interpretations. We first show that they may be implicitly testing whether financial intermediaries allow firms to better respond to global shocks to.

Raymond Fisman, Inessa Love, Financial Dependence and Growth Revisited, Journal of the European Economic Association, Volume 5, Issue1 MayWe Financial dependence and growth revisited book an earlier, highly influential paper on financial dependence and growth by Rajan and Zingales ().

We re-examine their assumptions, and the robustness of their results to Cited by: Request PDF | Financial Dependence and Growth Revisited | We revisit an earlier, highly influential paper on financial dependence and growth by Rajan and Zingales (). We re-examine their.

Note: The dependent variable is the annual compounded growth rate in real value added for the period – for each of 36 3-digit ISIC industry in each of 41 countries in the Rajan and Zingales (RZ;) and Fisman and Love (FL;) dataset.

‘Industry share’ is the beginning-of-period share of a particular industry out of total manufacturing in a particular by: We find that financial development has a non-monotonic effect on industry growth. • Beyond a threshold, finance-dependent industries grow relatively more slowly.

• 6+ countries in Rajan and Zingales () and Fisman and Love () lie beyond threshold. • Results call for studying mechanisms rather than for downsizing the financial sector. Financial Dependence and Growth Revisited.

Raymond Fisman and Inessa Love. Journal of the European Economic Association,vol. 5, issueAbstract: We revisit an earlier, highly influential paper on financial dependence and growth by Rajan and Zingales ().

We re-examine their assumptions, and the robustness of their results to alternative theories and interpretations. In this note, we revisit an earlier, highly influential paper on Financial Dependence and Growth by Rajan and Zingales (), by re-examining their assumptions, and the robustness of their results to alternative theories and interpretations.

We first show that they may be implicitly testing whether financial intermediaries allow firms to better respond to global shocks to growth opportunities.

FINANCIAL DEPENDENCE AND GROWTH REVISITED. Raymond Fisman. Corresponding Author. Columbia University, Graduate School of Business. E-mail address: [email protected] E-mail address: [email protected] Search for more papers by this author. Inessa Love.

Corresponding Author. Download Citation | Financial dependence, global growth opportunities, and growth revisited | We show that financial development has a non-monotonic effect on growth in the Rajan and Zingales. "Financial Dependence and Growth Revisited," Journal of the European Economic Association, MIT Press, vol.

5(), pagesRaymond Fisman & Inessa Love, " Financial Dependence and Growth Revisited," NBER Working Papers. Financial Dependence and Growth Revisited. By Raymond Fisman and Inessa Love. Get PDF ( KB) Abstract.

In this note, we revisit an earlier, highly influential paper on Financial Dependence and Growth by Rajan and Zingales (), by re-examining their assumptions, and the robustness of their results to alternative theories and. EconomicsLetters()– Contents lists available atSciVerse ScienceDirect EconomicsLetters journal homepage: Financial Dependence and Growth Revisited}, year = {}} Share.

OpenURL. Abstract. Tarun Khanna and Luigi Zingales for extremely helpful conversations and advice. The views expressed herein are those of the authors and not necessarily those of the National Bureau of Economic Research. Financial dependence and growth revisited.

[Raymond Fisman; Inessa Love; National Bureau of Economic Research.] Home. WorldCat Home About WorldCat Help. Search. Search for Library Items Search for Lists Search for Book\/a>, schema:CreativeWork\/a> ; \u00A0\u00A0\u00A0\n library.

Get this from a library. Financial dependence and growth revisited. [Raymond Fisman; Inessa Love; National Bureau of Economic Research.] -- Abstract: In this note, we revisit an earlier, highly influential paper on Financial Dependence and Growth by Rajan and Zingales (), by re-examining their assumptions, and the robustness of their.

Measuring financial constraints of Brazilian industries: Rajan and Zingales index revisited. The Journal of International Trade & Economic Development: Vol. 29, No. 6, pp. FINANCIAL DEPENDENCE AND GROWTH REVISITED Raymond Fisman Inessa Love Columbia University, World Bank, Graduate School of Business Development Economics Research Group Abstract We revisit an earlier, highly influential paper on financial dependence and growth by Raj an and Zingales ().

We re-examine their assumptions, and the robustness of. The authors’ technique allows them to further distinguish between the “growth opportunities” hypothesis stated above and the alternative “finance and external dependence” hypothesis, which implies that countries with similar levels of financial development should specialize in similar sectors.

Financial structure and growth1 Up to a point, banks and markets both foster economic growth. Beyond that limit, expanded bank lending or market-based financing no longer adds to real growth.

But when it comes to moderating business cycle fluctuations, banks and markets differ considerably in their effects. In.Laeven, Klingebiel, and Kroszner investigate the link between financial crises and industry growth. They analyze data from 19 industrial and developing countries that have experienced financial crises during the past 30 years to investigate how financial crises affect sectors dependent.

FINANCIAL DEPENDENCE AND GROWTH REVISITED FINANCIAL DEPENDENCE AND GROWTH REVISITED Fisman, Raymond; Love, Inessa Inessa Love World Bank, Development Economics Research Group Abstract We revisit an earlier, highly inï¬ uential paper on ï¬ nancial dependence and growth by Rajan and Zingales ().

We re-examine their .