Legal Institutions and Financial Development (2005)
by
Thorsten Beck
,
Ross Levine
| Citations: | 4 - 0 self |
BibTeX
@MISC{Beck05legalinstitutions,
author = {Thorsten Beck and Ross Levine},
title = { Legal Institutions and Financial Development},
year = {2005}
}
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Abstract
A burgeoning literature finds that financial development exerts a first-order impact on long-run economic growth. Levine and Zervos (1998) show that banking and stock market development are good predictors of economic growth. At the microeconomic level, Demirguc-Kunt and Maksimovic (1998) and Rajan and
