This paper builds on recent research examining the impact of finance on growth, looking at the effect of the financial system on volatility in gross domestic product per capita and consumption per capita growth. It also examines the impact of credit on the composition of growth. The findings show that financial development smooths growth in gross domestic product and consumption per capita, but only up to a point. At high levels of credit, further...
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INFORMATION
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2016/06/21
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Document de travail de recherche sur les politiques
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WPS7723
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1
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1
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2016/06/21
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Disclosed
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Financial systems, growth, and volatility : searching for the perfect fit
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consumption per capita