Finance and Growth Some Theoretical Considerations and a Review of the Empirical Literature /
Tsuru, Kotaro.
Finance and Growth Some Theoretical Considerations and a Review of the Empirical Literature / [electronic resource]: Kotaro Tsuru - Paris : OECD Publishing, 2000. - 53 p. ; 21 x 29.7cm. - OECD Economics Department Working Papers, no.228 18151973 ; . - OECD Economics Department Working Papers, no.228. .
This paper aims at providing an overview of the theoretical considerations and a review of the empirical literature on the relationship between finance and growth. Section I describes the role of financial development in economic growth at the macro level, both theoretically and empirically. Section II examines the role of corporate finance in firm-level performance, especially focusing on the role of "internal funds" and "internal capital markets". Section III presents a comparative analysis of financial systems, and analyses both the Asian crisis and the US venture capital phenomenon from this perspective. Section IV presents some policy implications and conclusions ...
Economics
Finance and Growth Some Theoretical Considerations and a Review of the Empirical Literature / [electronic resource]: Kotaro Tsuru - Paris : OECD Publishing, 2000. - 53 p. ; 21 x 29.7cm. - OECD Economics Department Working Papers, no.228 18151973 ; . - OECD Economics Department Working Papers, no.228. .
This paper aims at providing an overview of the theoretical considerations and a review of the empirical literature on the relationship between finance and growth. Section I describes the role of financial development in economic growth at the macro level, both theoretically and empirically. Section II examines the role of corporate finance in firm-level performance, especially focusing on the role of "internal funds" and "internal capital markets". Section III presents a comparative analysis of financial systems, and analyses both the Asian crisis and the US venture capital phenomenon from this perspective. Section IV presents some policy implications and conclusions ...
Economics