Finance And The Sources Of Growth
- Topics:
- Financial Regulations
- Tags:
- Banking,
- Finance,
- Financial Services,
- Total Factor Productivity,
- Total Factor Productivity Growth
- Source:
- World Bank Group
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Overview: Development of the banking sector exerts a large, causal impact on total factor productivity growth, which in turn causes GDP to grow. Whether banking development has a long-run effect on capital growth or private saving remains to be seen. This paper evaluates whether the level of development in the banking sector exerts a causal impact on economic growth and its sources i.e. total factor productivity growth, physical capital accumulation, and private saving. You’ll find while reading the paper banks do exert a large, causal impact on total factor productivity growth, which feeds through to overall GDP growth. The long-run links between banking development and both capital growth and private savings are more tenuous. Comprehend the whole paper to know more.
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Format: PDF | Size: 100KB | Date: Jan 2001 | Pages: 38
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