Is the financial system important for economic growth? One line of research argues that it is not; another line stresses the importance of the financial system in mobilizing savings, allocating capital, exerting corporate control, and easing risk management. Moreover, some theories provide a conceptual basis for the belief that larger, more efficient stock markets boost economic growth. This article examines whether there is a strong empirical association...
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INFORMATION
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1996/05/01
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Article de revue
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77120
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1
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1
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2013/05/14
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Disclosed
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Stock market development and long-run growth
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stock market development
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