Is financial development good for economic growth? Empirical insights from emerging European countries
The impact of financial development on economic growth has been extensively debated in the literature since the seminal paper of Schumpeter (1934) considering finance as an engine of economic growth through its effects on innovative investments. However, recent empirical literature casts some doubts...
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| Format: | Article |
| Language: | English |
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AIMS Press
2020-12-01
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| Series: | Quantitative Finance and Economics |
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| Online Access: | https://www.aimspress.com/article/10.3934/QFE.2020030?viewType=HTML |