Financial Development, Growth, and the Distribution of Income
- 1 October 1990
- journal article
- research article
- Published by University of Chicago Press in Journal of Political Economy
- Vol. 98 (5, Part 1) , 1076-1107
- https://doi.org/10.1086/261720
Abstract
A paradigm is presented in which both the extent of financial intermediation and the rate of economic growth are endogenously determined. Financial intermediation promotes growth because it allows ...Keywords
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