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Peter Rousseau

Not to be confused with: Peter J Rousseeuw

Citations

Many of the citations below have been collected in an experimental project, CitEc, where a more detailed citation analysis can be found. These are citations from works listed in RePEc that could be analyzed mechanically. So far, only a minority of all works could be analyzed. See under "Corrections" how you can help improve the citation analysis.

Blog mentions

As found by EconAcademics.org, the blog aggregator for Economics research:
  1. Peter L. Rousseau & Paul Wachtel, 2011. "What Is Happening To The Impact Of Financial Deepening On Economic Growth?," Economic Inquiry, Western Economic Association International, vol. 49(1), pages 276-288, January.

    Mentioned in:

    1. Τράπεζες και ανάπτυξη: Μέρος Β
      by Panicos Demetriades in Stock Watch on 2012-03-12 11:37:26
    2. More Finance, More Growth? More Finance, More Crises?
      by Yves Smith in Naked Capitalism on 2014-06-20 13:38:59
    3. More Finance, More Growth? More Finance, More Crises?
      by Gerald Epstein in Triple Crisis on 2014-06-19 17:00:19
  2. Peter L. Rousseau, 2013. "Politics on the road to the U.S. monetary union," Vanderbilt University Department of Economics Working Papers 13-00006, Vanderbilt University Department of Economics.

    Mentioned in:

    1. “A fluid, ever-evolving, and organic process of improvement, misstep and improvement”: The Long Road to Monetary Union in the USA
      by Manuel Bautista in NEP-HIS blog on 2013-08-08 04:19:48
  3. Boyan Jovanovic & Peter L. Rousseau, 2000. "Vintage organization capital," Proceedings, Federal Reserve Bank of San Francisco, issue Apr.

    Mentioned in:

    1. Nokia, & organizational capital
      by chris dillow in Stumbling and Mumbling on 2011-02-10 20:39:17
    2. Organizational failure
      by chris dillow in Stumbling and Mumbling on 2011-08-03 18:02:48
    3. Leaders' constraints
      by chris dillow in Stumbling and Mumbling on 2014-10-15 17:29:20
    4. Heading for extinction?
      by chris in Stumbling and Mumbling on 2015-02-09 20:17:57
    5. Old blaggers & secular stagnation
      by chris in Stumbling and Mumbling on 2016-01-15 19:36:02
    6. Short-termism: what's the problem?
      by chris in Stumbling and Mumbling on 2018-09-06 12:51:11
    7. Lockdown threats to capital
      by chris in Stumbling and Mumbling on 2020-06-18 12:39:52
    8. Anti-business
      by chris in Stumbling and Mumbling on 2023-02-21 13:07:57
  4. Matthew Jaremski & Peter Rousseau, 2012. "Banks, free banks, and U.S. economic growth," Vanderbilt University Department of Economics Working Papers 12-00012, Vanderbilt University Department of Economics.

    Mentioned in:

    1. Do banks facilitate economic growth? If so, what type?
      by Chris Colvin in NEP-HIS blog on 2013-02-13 23:39:33
  5. Peter L. Rousseau & Paul Wachtel, 2009. "What is Happening to the Impact of Financial Deepening on Economic Growth?," Vanderbilt University Department of Economics Working Papers 0915, Vanderbilt University Department of Economics.

    Mentioned in:

    1. Τράπεζες και ανάπτυξη: Μέρος Β
      by Panicos Demetriades in Stock Watch on 2012-03-12 11:37:26
    2. More Finance, More Growth? More Finance, More Crises?
      by Yves Smith in Naked Capitalism on 2014-06-20 13:38:59
    3. More Finance, More Growth? More Finance, More Crises?
      by Gerald Epstein in Triple Crisis on 2014-06-19 17:00:19
  6. Jeremy Atack & Matthew S. Jaremski & Peter L. Rousseau, 2014. "Did Railroads Make Antebellum U.S. Banks More Sound?," NBER Working Papers 20032, National Bureau of Economic Research, Inc.

    Mentioned in:

    1. Technology and Financial Inclusion in North America
      by bbatiz in NEP-HIS blog on 2014-07-29 18:53:34
  7. Author Profile
    1. Technology and Financial Inclusion in North America
      by bbatiz in NEP-HIS blog on 2014-07-29 18:53:34
    2. Bernardo Bátiz-Lazo on Did Railroads Make Antebellum U.S. Banks More Sound?
      by andrewdsmith in The Past Speaks on 2014-07-29 21:01:15

Wikipedia or ReplicationWiki mentions

(Only mentions on Wikipedia that link back to a page on a RePEc service)
  1. Peter L. Rousseau, 2007. "Backing, the Quantity Theory, and the Transition to the US Dollar, 1723–1850," American Economic Review, American Economic Association, vol. 97(2), pages 266-270, May.

    Mentioned in:

    1. Backing, the Quantity Theory, and the Transition to the US Dollar, 1723–1850 (AER 2007) in ReplicationWiki ()
  2. Rousseau, P. L. & Wachtel, P., 2000. "Equity markets and growth: Cross-country evidence on timing and outcomes, 1980-1995," Journal of Banking & Finance, Elsevier, vol. 24(12), pages 1933-1957, December.

    Mentioned in:

    1. Equity markets and growth: Cross country evidence on timing and outcomes, 1980–1995 (J Banking & Finance 2000) in ReplicationWiki ()

Working papers

  1. Panicos O. Demetriades & Peter L. Rousseau & Johan Rewilak, 2017. "Finance, Growth And Fragility," Discussion Papers in Economics 17/13, Division of Economics, School of Business, University of Leicester.

    Cited by:

    1. Maxime Fajeau, 2020. "The Adverse Effect of Finance on Growth," PSE Working Papers hal-02549422, HAL.
    2. Mansour-Ichrakieh, Layal, 2020. "The impact of Israeli Geopolitical Risks on the Lebanese Financial Market: A Destabilizer Multiplier," MPRA Paper 99376, University Library of Munich, Germany.
    3. Jérôme Creel & Paul Hubert & Fabien Labondance, 2020. "Credit, banking fragility and economic performance," Working Papers hal-03403072, HAL.
    4. Chletsos, Michael & Sintos, Andreas, 2021. "The effect of financial fragility on employment," Economic Modelling, Elsevier, vol. 94(C), pages 104-120.
    5. Yeþim Helhel, 2019. "Kýrýlgan Beþli Ülkelerde Hisse Senedi Piyasasý Geliþimi ve Ekonomik Büyüme Ýliþkisi," Isletme ve Iktisat Calismalari Dergisi, Econjournals, vol. 7(1), pages 19-29.
    6. Ijirshar, Victor Ushahemba & Andohol, Jerome, 2022. "Investment-growth nexus in West Africa: An assessment of whether fragility matter," International Review of Economics & Finance, Elsevier, vol. 81(C), pages 1-17.
    7. Svetlana Andrianova & Panicos O. Demetriades, 2018. "Financial Development and Financial Fragility: Two Sides of the Same Coin?," Comparative Economic Studies, Palgrave Macmillan;Association for Comparative Economic Studies, vol. 60(1), pages 54-68, March.
    8. Layal Mansour-Ichrakieh, 2021. "The Impact of Israeli and Saudi Arabian Geopolitical Risks on the Lebanese Financial Market," JRFM, MDPI, vol. 14(3), pages 1-24, February.
    9. Zahid Mehmood Akhtar & Dr. Faid Gul & Dr. Fauzia Mubarak, 2024. "Economic Growth and Financial Intermediation Nexus in Pakistan: An ARDL Analysis," Bulletin of Business and Economics (BBE), Research Foundation for Humanity (RFH), vol. 13(1), pages 542-551.
    10. Stewart, Robert & Chowdhury, Murshed, 2021. "Banking sector distress and economic growth resilience: Asymmetric effects," The Journal of Economic Asymmetries, Elsevier, vol. 24(C).

  2. Peter L. Rousseau & Paul Wachtel, 2015. "Episodes of Financial Deepening: Credit Booms or Growth Generators?," Working Papers 15-09, New York University, Leonard N. Stern School of Business, Department of Economics.

    Cited by:

    1. Paul Wachtel, 2017. "Credit Deepening: Precursor to growth or crisis?," Working Papers 17-04, New York University, Leonard N. Stern School of Business, Department of Economics.
    2. Bjorn Richter & Moritz Schularick & Paul Wachtel, 2018. "When to Lean Against the Wind," Working Papers 18-10, New York University, Leonard N. Stern School of Business, Department of Economics.
    3. Thornton, John & Vasilakis, Chrysovalantis, 2023. "Bank regulations and surges and stops in credit: Panel evidence," Journal of Financial Stability, Elsevier, vol. 67(C).
    4. Emmanuel Carré & Guillaume L'Oeillet, 2018. "The Literature on the Finance–Growth Nexus in the Aftermath of the Financial Crisis: A Review," Post-Print halshs-01746069, HAL.
    5. Miguel Angel Saldarriaga, 2017. "Credit Booms in Commodity Exporters," Working Papers 98, Peruvian Economic Association.
    6. Thomas Grjebine & Fabien Tripier, 2015. "Excess Finance and Growth: Don't Lose Sight of Expansions !," Working Papers 2015-31, CEPII research center.
    7. Thomas Grjebine & Fabien Tripier, 2016. "Finance and Growth: From the Business Cycle to the Long Run," Working Papers 2016-28, CEPII research center.
    8. Emmanuel Carré & Guillaume L'Oeillet, 2017. "Une revue de la littérature récente sur le nexus finance-croissance après la crise : apports, limites et pistes de recherche," Post-Print halshs-01683732, HAL.
    9. Anastasios Evgenidis & Anastasios G. Malliaris, 2022. "Monetary policy, financial shocks and economic activity," Review of Quantitative Finance and Accounting, Springer, vol. 59(2), pages 429-456, August.
    10. Agne Setikiene & Mindaugas Butkus, 2021. "The Heterogeneous Impact of Financialisation on Economic Growth in the Long Run," JRFM, MDPI, vol. 14(5), pages 1-30, May.

  3. Svetlana Andrianova & Badi Baltagi & Thorsten Beck & Panicos Demetriades & David Fielding & Stephen Hall & Steven Koch & Robert Lensink & Johan Rewilak & Peter Rousseau, 2015. "A New International Database on Financial Fragility," Discussion Papers in Economics 15/18, Division of Economics, School of Business, University of Leicester.

    Cited by:

    1. Fielding, David & Rewilak, Johan, 2015. "Credit booms, financial fragility and banking crises," Economics Letters, Elsevier, vol. 136(C), pages 233-236.
    2. Chletsos, Michael & Sintos, Andreas, 2021. "The effect of financial fragility on employment," Economic Modelling, Elsevier, vol. 94(C), pages 104-120.
    3. Panicos O. Demetriades & Johan M. Rewilak & Peter L. Rousseau, 2024. "Finance, Growth, and Fragility," Journal of Financial Services Research, Springer;Western Finance Association, vol. 66(1), pages 29-49, August.
    4. Philip Kofi Adom & Franklin Amuakwa-Mensah & Salome Amuakwa-Mensah, 2020. "Degree of financialization and energy efficiency in Sub-Saharan Africa: do institutions matter?," Financial Innovation, Springer;Southwestern University of Finance and Economics, vol. 6(1), pages 1-22, December.
    5. Amuakwa-Mensah, Franklin & Klege, Rebecca A. & Adom, Philip K. & Amoah, Anthony & Hagan, Edmond, 2018. "Unveiling the energy saving role of banking performance in Sub-Sahara Africa," Energy Economics, Elsevier, vol. 74(C), pages 828-842.
    6. Amuakwa-Mensah, Franklin & Näsström, Elin, 2022. "Role of banking sector performance in renewable energy consumption," Applied Energy, Elsevier, vol. 306(PB).
    7. Gou, Qin & Yiping, Huang, 2018. "Will Financial Liberalization Trigger the First Crisis in the People’s Republic of China? Lessons from Cross-Country Experiences," ADBI Working Papers 818, Asian Development Bank Institute.

  4. Matthew Jaremski & Peter L. Rousseau, 2015. "The Dawn of an ‘Age of Deposits’ in the United States," NBER Working Papers 21503, National Bureau of Economic Research, Inc.

    Cited by:

    1. Panicos O. Demetriades & Johan M. Rewilak & Peter L. Rousseau, 2024. "Finance, Growth, and Fragility," Journal of Financial Services Research, Springer;Western Finance Association, vol. 66(1), pages 29-49, August.
    2. Jaremski, Matthew & Mathy, Gabrial, 2017. "Looking Back On the Age of Checking in America, 1800-1960," MPRA Paper 78083, University Library of Munich, Germany.
    3. Chwieroth, Jeffrey M. & Walter, Andrew, 2019. "The financialization of mass wealth, banking crises and politics over the long run," LSE Research Online Documents on Economics 100765, London School of Economics and Political Science, LSE Library.

  5. Panicos O. Demetriades & Peter L. Rousseau, 2015. "The Changing Face of Financial Development," Discussion Papers in Economics 15/20, Division of Economics, School of Business, University of Leicester.

    Cited by:

    1. Maxime Fajeau, 2020. "The Adverse Effect of Finance on Growth," PSE Working Papers hal-02549422, HAL.
    2. Spyridon Boikos & Theodore Panagiotidis & Georgios Voucharas, 2021. "Financial Development, Reforms and Growth," Bank of Lithuania Working Paper Series 98, Bank of Lithuania.
    3. Małgorzata Iwanicz-Drozdowska & Paola Bongini & Paweł Smaga & Bartosz Witkowski, 2019. "The role of banks in CESEE countries: exploring non-standard determinants of economic growth," Post-Communist Economies, Taylor & Francis Journals, vol. 31(3), pages 349-382, May.
    4. Kyriakos C. Neanidis, 2015. "Volatile Capital Flows and Economic Growth: The Role of Macro-prudential Regulation," Centre for Growth and Business Cycle Research Discussion Paper Series 215, Economics, The University of Manchester.
    5. Detzer, Daniel, 2019. "Financialization made in Germany: A review," IPE Working Papers 122/2019, Berlin School of Economics and Law, Institute for International Political Economy (IPE).
    6. Yan, Han, 2024. "Financial development, violence, and resource curse: How mineral resources are contributing towards growth of resource-rich countries," Resources Policy, Elsevier, vol. 89(C).
    7. Maxime Fajeau, 2021. "Too much finance or too many weak instruments?," International Economics, CEPII research center, issue 165, pages 14-36.
    8. Emmanuel Carré & Guillaume L'Oeillet, 2018. "The Literature on the Finance–Growth Nexus in the Aftermath of the Financial Crisis: A Review," Post-Print halshs-01746069, HAL.
    9. Madaleno, Mara & Dogan, Eyup & Taskin, Dilvin, 2022. "A step forward on sustainability: The nexus of environmental responsibility, green technology, clean energy and green finance," Energy Economics, Elsevier, vol. 109(C).
    10. Williams, Kevin, 2019. "Do political institutions improve the diminishing effect of financial deepening on growth? Evidence from developing countries," Journal of Economics and Business, Elsevier, vol. 103(C), pages 13-24.
    11. Zhou, Rong & Su, Kaihua & Zheng, Li, 2022. "Natural resources led growth and the role of financial development: Evidence from Next-11 economies," Resources Policy, Elsevier, vol. 79(C).
    12. Akisik, Orhan & Gal, Graham, 2023. "IFRS, financial development and income inequality: An empirical study using mediation analysis," Economic Systems, Elsevier, vol. 47(2).
    13. Panicos O. Demetriades & Johan M. Rewilak & Peter L. Rousseau, 2024. "Finance, Growth, and Fragility," Journal of Financial Services Research, Springer;Western Finance Association, vol. 66(1), pages 29-49, August.
    14. Ibrahim N Ouattara & Balakissa Kone, 2023. "The effect of exchange rate on the money demand: evidence from ECOWAS countries," Economics Bulletin, AccessEcon, vol. 43(4), pages 1565-1580.
    15. Abdul Rahman & Muhammad Arshad Khan, 2024. "Role of consistent regime-specific policies in recovering the negative relationship between financial development and economic growth," Economic Change and Restructuring, Springer, vol. 57(4), pages 1-27, August.
    16. Svetlana Andrianova & Panicos O. Demetriades, 2018. "Financial Development and Financial Fragility: Two Sides of the Same Coin?," Comparative Economic Studies, Palgrave Macmillan;Association for Comparative Economic Studies, vol. 60(1), pages 54-68, March.
    17. Demetriades, Panicos O. & Rewilak, Johan M., 2020. "Recovering the finance-growth nexus," Economics Letters, Elsevier, vol. 196(C).
    18. Manuel Ennes Ferreira & João Dias & Jelson Serafim, 2022. "Stock Market and Economic Growth: Evidence from Africa," Working Papers REM 2022/0228, ISEG - Lisbon School of Economics and Management, REM, Universidade de Lisboa.
    19. Mansour-Ichrakieh, Layal & Zeaiter, Hussein, 2019. "The role of geopolitical risks on the Turkish economy opportunity or threat," The North American Journal of Economics and Finance, Elsevier, vol. 50(C).
    20. Hunjra, Ahmed Imran & Azam, Muhammad & Bruna, Maria Giuseppina & Taskin, Dilvin, 2022. "Role of financial development for sustainable economic development in low middle income countries," Finance Research Letters, Elsevier, vol. 47(PB).
    21. Emmanuel Carré & Guillaume L'Oeillet, 2017. "Une revue de la littérature récente sur le nexus finance-croissance après la crise : apports, limites et pistes de recherche," Post-Print halshs-01683732, HAL.
    22. Zahid Mehmood Akhtar & Dr. Faid Gul & Dr. Fauzia Mubarak, 2024. "Economic Growth and Financial Intermediation Nexus in Pakistan: An ARDL Analysis," Bulletin of Business and Economics (BBE), Research Foundation for Humanity (RFH), vol. 13(1), pages 542-551.
    23. Popov, Alexander, 2017. "Evidence on finance and economic growth," Working Paper Series 2115, European Central Bank.
    24. Amaia Altuzarra & Ricardo Bustillo & Carlos Rodríguez, 2022. "Does the monetary policy regime matter in the effect of credit on growth?," International Finance, Wiley Blackwell, vol. 25(3), pages 341-374, December.
    25. Dereje Regasa & David Fielding & Helen Roberts, 2017. "Access to Financing and Firm Growth: Evidence from Ethiopia," Working Papers 1707, University of Otago, Department of Economics, revised Apr 2017.
    26. Agne Setikiene & Mindaugas Butkus, 2021. "The Heterogeneous Impact of Financialisation on Economic Growth in the Long Run," JRFM, MDPI, vol. 14(5), pages 1-30, May.
    27. Rishan Sampath Hewage & Jaafar Pyeman & Norashida Othman & Norsariah Binti Abdul Rahman & Shahsuzan Zakaria, 2022. "An Overview On The Relationship Between Financial Development And Economic Growth," Review of Business and Finance Studies, The Institute for Business and Finance Research, vol. 13(1), pages 63-77.
    28. Jagadish Prasad Bist, 2018. "Financial development and economic growth: Evidence from a panel of 16 African and non-African low-income countries," Cogent Economics & Finance, Taylor & Francis Journals, vol. 6(1), pages 1449780-144, January.
    29. Reda Cherif & Fuad Hasanov & Lichen Wang, 2018. "Sharp Instrument: A Stab at Identifying the Causes of Economic Growth," IMF Working Papers 2018/117, International Monetary Fund.
    30. Angeloni, Ignazio & Kasinger, Johannes & Chantawit Tantasith, 2021. "The geography of banks in the United States (1990-2020)," SAFE Working Paper Series 321, Leibniz Institute for Financial Research SAFE.
    31. Alsamara, Mouyad & Mrabet, Zouhair & Mimouni, Karim, 2024. "The threshold effects of public debt on economic growth in MENA countries: Do energy endowments matter?," International Review of Economics & Finance, Elsevier, vol. 89(PB), pages 458-470.
    32. Wellalage, Nirosha Hewa & Fernandez, Viviana, 2019. "Innovation and SME finance: Evidence from developing countries," International Review of Financial Analysis, Elsevier, vol. 66(C).
    33. Alessio Ciarlone, 2019. "The relationship between financial development and growth: the case of emerging Europe," Questioni di Economia e Finanza (Occasional Papers) 521, Bank of Italy, Economic Research and International Relations Area.
    34. Demetris Koursaros & Nektarios Michail & Christos Savva, 2021. "Tell me where to stop: thresholds in the bank lending and output growth relationship," Empirical Economics, Springer, vol. 60(4), pages 1845-1873, April.
    35. Neanidis, Kyriakos C., 2019. "Volatile capital flows and economic growth: The role of banking supervision," Journal of Financial Stability, Elsevier, vol. 40(C), pages 77-93.

  6. Jeremy Atack & Matthew S. Jaremski & Peter L. Rousseau, 2014. "American Banking and the Transportation Revolution Before the Civil War," NBER Working Papers 20198, National Bureau of Economic Research, Inc.

    Cited by:

    1. Rui Manuel Pereira, Alfredo Marvao Pereira and William J. Hausman, 2017. "Railroad Infrastructure Investments and Economic Development in the Antebellum United States," Journal of Economic Development, Chung-Ang Unviersity, Department of Economics, vol. 42(3), pages 1-16, September.
    2. Howard Bodenhorn, 2016. "Two Centuries of Finance and Growth in the United States, 1790-1980," NBER Working Papers 22652, National Bureau of Economic Research, Inc.
    3. Chan, Jeff, 2022. "Farming output, concentration, and market access: Evidence from the 19th-century American railroad expansion," Journal of Development Economics, Elsevier, vol. 157(C).
    4. Chaudhary, Latika & Fenske, James, 2020. "Did railways affect literacy? Evidence from India," The Warwick Economics Research Paper Series (TWERPS) 1320, University of Warwick, Department of Economics.
    5. Lin, Chen & Ma, Chicheng & Sun, Yuchen & Xu, Yuchen, 2021. "The telegraph and modern banking development, 1881–1936," Journal of Financial Economics, Elsevier, vol. 141(2), pages 730-749.
    6. Jeremy Atack & Matthew S. Jaremski & Peter L. Rousseau, 2014. "Did Railroads Make Antebellum U.S. Banks More Sound?," NBER Chapters, in: Enterprising America: Businesses, Banks, and Credit Markets in Historical Perspective, pages 149-178, National Bureau of Economic Research, Inc.
    7. Hanlon, W. Walker & ,, 2020. "History and Urban Economics," CEPR Discussion Papers 15303, C.E.P.R. Discussion Papers.
    8. Lehmann-Hasemeyer, Sibylle & Wahl, Fabian, 2017. "Savings Banks and the Industrial Revolution in Prussia Supporting Regional Development with Public Financial Institutions," CEPR Discussion Papers 12500, C.E.P.R. Discussion Papers.
    9. Bodenhorn, Howard & Cuberes, David, 2018. "Finance and urbanization in early nineteenth-century New York," Journal of Urban Economics, Elsevier, vol. 104(C), pages 47-58.

  7. Jeremy Atack & Matthew S. Jaremski & Peter L. Rousseau, 2014. "Did Railroads Make Antebellum U.S. Banks More Sound?," NBER Working Papers 20032, National Bureau of Economic Research, Inc.

    Cited by:

    1. Howard Bodenhorn, 2016. "Two Centuries of Finance and Growth in the United States, 1790-1980," NBER Working Papers 22652, National Bureau of Economic Research, Inc.
    2. Howard Bodenhorn, 2017. "Finance and Growth: Household Savings, Public Investment, and Public Health in Late Nineteenth-Century New Jersey," NBER Working Papers 23430, National Bureau of Economic Research, Inc.
    3. Stephan Heblich & Alex Trew, 2019. "Banking and Industrialization," Journal of the European Economic Association, European Economic Association, vol. 17(6), pages 1753-1796.
    4. McGraw, Marquise J., 2020. "The role of airports in city employment growth, 1950–2010," Journal of Urban Economics, Elsevier, vol. 116(C).

  8. Caleb Stroup & Peter L. Rousseau, 2013. "Director Histories and the Pattern of Acquisitions," Working Papers 13-03, Davidson College, Department of Economics.

    Cited by:

    1. Jingbo Luo & Weimin Wang, 2023. "Do managers' professional connections benefit their firms in mergers and acquisitions: Chinese evidence," Review of Quantitative Finance and Accounting, Springer, vol. 60(2), pages 679-713, February.
    2. Fuchs, Florian & Fuess, Roland & Jenkinson, Tim & Morkoetter, Stefan, 2017. "Winning a Deal in Private Equity: Do Educational Networks Matter?," Working Papers on Finance 17155, University of St. Gallen, School of Finance.
    3. Guoli Chen & Jiyang Dong & Jinshuai Hu & Feida Zhang, 2024. "Regulatory institutional misalignment and cross-border acquisitions: evidence from an emerging-market country," Journal of International Business Studies, Palgrave Macmillan;Academy of International Business, vol. 55(2), pages 172-193, March.
    4. Renneboog, L.D.R. & Zhao, Y., 2013. "Director Networks and Takeovers," Discussion Paper 2013-056, Tilburg University, Center for Economic Research.
    5. Fuchs, Florian & Füss, Roland & Jenkinson, Tim & Morkoetter, Stefan, 2021. "Winning a deal in private equity: Do educational ties matter?," Journal of Corporate Finance, Elsevier, vol. 66(C).
    6. Feng, Yi & Song, Keke & Tian, Yisong S., 2019. "Director networks and initial public offerings," Journal of Banking & Finance, Elsevier, vol. 106(C), pages 246-264.
    7. Renneboog, Luc & Vansteenkiste, Cara, 2019. "Failure and success in mergers and acquisitions," Journal of Corporate Finance, Elsevier, vol. 58(C), pages 650-699.
    8. Ding, Haoyuan & Hu, Yichuan & Li, Chang & Lin, Shu, 2021. "CEO country-specific experience and cross-border mergers and acquisitions," Journal of Corporate Finance, Elsevier, vol. 69(C).
    9. Kun Li & Chaohua He & Wassim Dbouk & Ke Zhao, 2021. "The Value of CSR in Acquisitions: Evidence from China," Sustainability, MDPI, vol. 13(7), pages 1-21, March.
    10. Ladley, Daniel & Rousseau, Peter L., 2023. "Panic and propagation in 1873: A network analytic approach," Journal of Banking & Finance, Elsevier, vol. 151(C).
    11. Gentry, Matthew & Stroup, Caleb, 2018. "Entry and competition in takeover auctions," LSE Research Online Documents on Economics 90604, London School of Economics and Political Science, LSE Library.
    12. Caleb Stroup, 2014. "International Deal Experience and Cross-Border Acquisitions," Working Papers 14-13, Davidson College, Department of Economics.
    13. Li, Chang & Wang, Chu & Yang, Lianxing & Chu, Baoju, 2023. "Impact of cultural trade on foreign direct investment: Evidence from China," Emerging Markets Review, Elsevier, vol. 55(C).
    14. Li, Panni & Lin, Zhongguo & Peng, Binbin & Du, Huibin, 2023. "Do CEOs’ social networks affect carbon emissions in China? The moderating role of CEO reputation," International Review of Economics & Finance, Elsevier, vol. 88(C), pages 1122-1137.

  9. Dimson, Elroy & Rousseau, Peter L. & Spaenjers, Christophe, 2013. "The Price of Wine," Working Papers 164656, American Association of Wine Economists.

    Cited by:

    1. Fabien Candau & Florent Deisting & Julie Schlick, 2016. "How Income and Crowding Effects influence the World Market for French Wines," Working papers of CATT hal-01847938, HAL.
    2. Czupryna Marcin & Oleksy Paweł, 2018. "The Effect of an Electronic Exchange on Prices and Return Volatility in the Fine Wine Market," Financial Internet Quarterly (formerly e-Finanse), Sciendo, vol. 14(4), pages 22-35, December.
    3. David Chambers & Elroy Dimson & Christophe Spaenjers, 0. "Art as an Asset: Evidence from Keynes the Collector," The Review of Asset Pricing Studies, Society for Financial Studies, vol. 10(3), pages 490-520.
    4. Masset, Philippe & Weisskopf, Jean-Philippe & Cardebat, Jean-Marie & Faye, Benoît & Le Fur, Eric, 2021. "Analyzing the risks of an illiquid and global asset: The case of fine wine," The Quarterly Review of Economics and Finance, Elsevier, vol. 82(C), pages 1-25.
    5. Ambre Nicolle & Lukasz Grzybowski & Christine Zulehner, 2018. "Impact Of Competition, Investment, And Regulation On Prices Of Mobile Services: Evidence From France," Economic Inquiry, Western Economic Association International, vol. 56(2), pages 1322-1345, April.
    6. Adrian Fernandez-Perez & Bart Frijns & Alireza Tourani-Rad & Jean-Philippe Weisskopf, 2019. "Behavioural heterogeneity in wine investments," Applied Economics, Taylor & Francis Journals, vol. 51(30), pages 3236-3255, June.
    7. Masset, Philippe & Weisskopf, Jean-Philippe & Faye, Benoît & Le Fur, Eric, 2016. "Red obsession: The ascent of fine wine in China," Emerging Markets Review, Elsevier, vol. 29(C), pages 200-225.
    8. Mert Hakan Hekimoğlu & Burak Kazaz, 2020. "Analytics for Wine Futures: Realistic Prices," Production and Operations Management, Production and Operations Management Society, vol. 29(9), pages 2096-2120, September.
    9. Kevin Hoefman & Aaron Bramson & Koen Schoors & Jan Ryckebusch, 2018. "The impact of functional and social value on the price of goods," PLOS ONE, Public Library of Science, vol. 13(11), pages 1-12, November.
    10. Laurs, DK & Renneboog, Luc, 2018. "My Kingdom for a Horse (or a Classic Car)," Other publications TiSEM 8f244bbd-b78b-491b-9021-d, Tilburg University, School of Economics and Management.
    11. Li, Yuexin & Ma, X. & Renneboog, Luc, 2021. "Pricing Art and the Art of Pricing : On Returns and Risk in Art Auction Markets," Discussion Paper 2021-018, Tilburg University, Center for Economic Research.
    12. Jean Marie Cardebat & Philippe Masset & Jean-Philippe Weisskopf, 2020. "Covid-19 and fine wines: the ‘perfect blend’ for a severe headache?," Working Papers hal-03258235, HAL.
    13. Bargain, Olivier & Cardebat, Jean-Marie & Vignolles, Alexandra, 2016. "Crowdfunding in Wine," Working Papers 234638, American Association of Wine Economists.
    14. Dobrynskaya, Victoria & Kishilova, Julia, 2022. "Lego: The Toy Of Smart Investors," Research in International Business and Finance, Elsevier, vol. 59(C).
    15. Samitas, Aristeidis & Papathanasiou, Spyros & Koutsokostas, Drosos & Kampouris, Elias, 2022. "Volatility spillovers between fine wine and major global markets during COVID-19: A portfolio hedging strategy for investors," International Review of Economics & Finance, Elsevier, vol. 78(C), pages 629-642.
    16. Eric Le Fur & Jean-François Outreville, 2019. "Fine wine returns: a review of the literature," Journal of Asset Management, Palgrave Macmillan, vol. 20(3), pages 196-214, May.
    17. Masset, Philippe & Maurer, Frantz, 2021. "Mitigating downside risk of portfolio diversification: Wine versus other tangible assets," Economic Modelling, Elsevier, vol. 102(C).
    18. Lennon, Conor & Shohfi, Tom, 2021. "Unbridled spirit: Illicit markets for bourbon whiskey," Journal of Economic Behavior & Organization, Elsevier, vol. 191(C), pages 1025-1045.
    19. Cardebat, Jean-Marie & Jiao, Linda, 2018. "The long-term financial drivers of fine wine prices: The role of emerging markets," The Quarterly Review of Economics and Finance, Elsevier, vol. 67(C), pages 347-361.
    20. Savva Shanaev & Nikita Shimkus & Binam Ghimire & Satish Sharma, 2020. "Children’s toy or grown-ups’ gamble? LEGO sets as an alternative investment," Journal of Risk Finance, Emerald Group Publishing Limited, vol. 21(5), pages 577-620, November.
    21. Carole Maurel & Françoise Pierrot & Foued Cheriet & Paul Amadieu, 2019. "Inventories in the wine industry: From sector and financial determinants to strategic behaviors," Post-Print hal-02789122, HAL.
    22. Correia, Leonida & Rebelo, João & Caldas, José, 2015. "Production and Trade of Port Wine: Temporal Dynamics and Pricing," Agricultural Economics Review, Greek Association of Agricultural Economists, vol. 16(1), pages 1-15.
    23. Fur, Eric Le, 2021. "Fine Wines in a Diversified Portfolio of Collectibles," 2021 Conference, August 17-31, 2021, Virtual 315852, International Association of Agricultural Economists.

  10. Peter L. Rousseau, 2013. "Politics on the road to the U.S. monetary union," Vanderbilt University Department of Economics Working Papers 13-00006, Vanderbilt University Department of Economics.

    Cited by:

    1. V. Bignon & R. Breton & M. Rojas Breu, 2015. "Monetary Union with A Single Currency and Imperfect Credit Market Integration," Working papers 541, Banque de France.

  11. Matthew Jaremski & Peter L. Rousseau, 2012. "Banks, Free Banks, and U.S. Economic Growth," NBER Working Papers 18021, National Bureau of Economic Research, Inc.

    Cited by:

    1. Spierdijk, Laura & Shaffer, Sherrill & Considine, Tim, 2017. "How do banks adjust to changing input prices? A dynamic analysis of U.S. commercial banks before and after the crisis," Journal of Banking & Finance, Elsevier, vol. 85(C), pages 1-14.
    2. Howard Bodenhorn, 2016. "Two Centuries of Finance and Growth in the United States, 1790-1980," NBER Working Papers 22652, National Bureau of Economic Research, Inc.
    3. Livio Di Matteo & Angela Redish, 2015. "The evolution of financial intermediation: Evidence from 19th-century Ontario microdata," Canadian Journal of Economics, Canadian Economics Association, vol. 48(3), pages 963-987, August.
    4. Ager, Philipp & Spargoli, Fabrizio, 2013. "Bank Deregulation, Competition and Economic Growth: The US Free Banking Experience," MPRA Paper 49269, University Library of Munich, Germany.
    5. Emmanuel Carré & Guillaume L'Oeillet, 2018. "The Literature on the Finance–Growth Nexus in the Aftermath of the Financial Crisis: A Review," Post-Print halshs-01746069, HAL.
    6. Christopher Bailey & Tarique Hossain & Gary Pecquet, 2018. "Private banks in early Michigan, 1837–1884," Cliometrica, Springer;Cliometric Society (Association Francaise de Cliométrie), vol. 12(1), pages 153-180, January.
    7. Bodenhorn, Howard & Cuberes, David, 2018. "Finance and urbanization in early nineteenth-century New York," Journal of Urban Economics, Elsevier, vol. 104(C), pages 47-58.
    8. Matthew S. Jaremski, 2013. "National Banking's Role in U.S. Industrialization, 1850-1900," NBER Working Papers 18789, National Bureau of Economic Research, Inc.
    9. Emmanuel Carré & Guillaume L'Oeillet, 2017. "Une revue de la littérature récente sur le nexus finance-croissance après la crise : apports, limites et pistes de recherche," Post-Print halshs-01683732, HAL.
    10. Popov, Alexander, 2017. "Evidence on finance and economic growth," Working Paper Series 2115, European Central Bank.
    11. James Feigenbaum & James Lee & Filippo Mezzanotti, 2022. "Capital Destruction and Economic Growth: The Effects of Sherman's March, 1850–1920," American Economic Journal: Applied Economics, American Economic Association, vol. 14(4), pages 301-342, October.
    12. Peter L. Rousseau, 2013. "Politics on the road to the U.S. monetary union," Vanderbilt University Department of Economics Working Papers 13-00006, Vanderbilt University Department of Economics.
    13. Howard Bodenhorn, 2017. "Opening Access: Banks and Politics in New York from the Revolution to the Civil War," NBER Working Papers 23560, National Bureau of Economic Research, Inc.

  12. Michael D. Bordo & Peter L. Rousseau, 2011. "Historical Evidence on the Finance-Trade-Growth Nexus," NBER Working Papers 17024, National Bureau of Economic Research, Inc.

    Cited by:

    1. Shahbaz, Muhammad & Bhattacharya, Mita & Kumar, Mantu, 2017. "Financial Development, Industrialisation, Urbanisation and the Role of Institutions: A Comparative Analysis between India and China," MPRA Paper 81609, University Library of Munich, Germany, revised 14 Sep 2017.
    2. Nazrul Hazizi Noordin & Mohamed Eskandar Shah Mohd. Rasid, 2024. "Trade Uncer ade Uncertainty and Bank Cr tainty and Bank Credit Gr edit Growth: E owth: Evidence fr vidence from China om China and the European Union Countries," Bulletin of Monetary Economics and Banking, Bank Indonesia, vol. 27(2), pages 299-326, May.
    3. Hsin, Chin-Wen & Peng, Shu-Cing, 2023. "Investor propensity to speculate and price delay in emerging markets," International Review of Financial Analysis, Elsevier, vol. 86(C).
    4. Philipp Heimberger, 2022. "Does economic globalisation promote economic growth? A meta‐analysis," The World Economy, Wiley Blackwell, vol. 45(6), pages 1690-1712, June.
    5. Gunther Capelle-Blancard & Claire Labonne, 2011. "More Bankers, More Growth? Evidence from OECD Countries," Working Papers 2011-22, CEPII research center.
    6. Sane, Renuka & Halan, Monika, 2017. "Misled and mis-sold: financial misbehaviour in retail banks?," Journal of Comparative Economics, Elsevier, vol. 45(3), pages 429-444.
    7. Georgantopoulos, Andreas G. & Tsamis, Anastasios D. & Agoraki, Maria-Eleni K., 2015. "The Euro-adoption effect and the bank, market, and growth nexus: New evidence from EU panels," The Journal of Economic Asymmetries, Elsevier, vol. 12(1), pages 41-51.
    8. Kumar, Saten, 2015. "Regional integration, capital mobility and financial intermediation revisited: Application of general to specific method in panel data," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 36(C), pages 1-17.
    9. Emmanuel Carré & Guillaume L'Oeillet, 2018. "The Literature on the Finance–Growth Nexus in the Aftermath of the Financial Crisis: A Review," Post-Print halshs-01746069, HAL.
    10. Narayan, Paresh Kumar & Narayan, Seema, 2013. "The short-run relationship between the financial system and economic growth: New evidence from regional panels," International Review of Financial Analysis, Elsevier, vol. 29(C), pages 70-78.
    11. Atul MEHTA & Joysankar BHATTACHARYA, 2018. "Financial sector development and the poor in developing countries: revisiting the access to finance channel," Theoretical and Applied Economics, Asociatia Generala a Economistilor din Romania / Editura Economica, vol. 0(3(616), A), pages 153-168, Autumn.
    12. Ichiro Iwasaki & Shigeki Ono, 2024. "Economic development and the finance–growth nexus: a meta-analytic approach," Applied Economics, Taylor & Francis Journals, vol. 56(57), pages 8021-8038, December.
    13. Wilfried Kisling & Antonio Tena Junguito, 2019. "German trade finance in South America during the second industrial revolution. La Batalla de Buenos Aires, 1875-1913," Oxford Economic and Social History Working Papers _171, University of Oxford, Department of Economics.
    14. Alexandra D’Onofrio & Peter L. Rousseau, 2018. "Financial Development, Trade Openness and Growth in the First Wave of Globalization," Comparative Economic Studies, Palgrave Macmillan;Association for Comparative Economic Studies, vol. 60(1), pages 105-114, March.
    15. Emmanuel Carré & Guillaume L'Oeillet, 2017. "Une revue de la littérature récente sur le nexus finance-croissance après la crise : apports, limites et pistes de recherche," Post-Print halshs-01683732, HAL.
    16. Fisayo Fagbemi & Adeyemi Fajingbesi & Geraldine Ejiaka Nzeribe, 2024. "Trade–Finance Nexus: The Centrality of the Quality of Institutions in Sub-Saharan African Leading Economies," Foreign Trade Review, , vol. 59(1), pages 7-25, February.
    17. Popov, Alexander, 2017. "Evidence on finance and economic growth," Working Paper Series 2115, European Central Bank.
    18. Ichiro Iwasaki & Evžen Kočenda, 2024. "Quest for the general effect size of finance on growth: a large meta-analysis of worldwide studies," Empirical Economics, Springer, vol. 66(6), pages 2659-2722, June.
    19. Hu, May & Zhang, Jing & Chao, Chichur, 2019. "Regional financial efficiency and its non-linear effects on economic growth in China," International Review of Economics & Finance, Elsevier, vol. 59(C), pages 193-206.
    20. Marques, Luís Miguel & Fuinhas, José Alberto & Marques, António Cardoso, 2013. "Does the stock market cause economic growth? Portuguese evidence of economic regime change," Economic Modelling, Elsevier, vol. 32(C), pages 316-324.
    21. Rockoff, Hugh & White, Eugene N., 2012. "Monetary Regimes and Policy on a Global Scale: The Oeuvre of Michael D. Bordo," MPRA Paper 49672, University Library of Munich, Germany, revised May 2013.
    22. Kym Anderson, 2016. "Agricultural Trade, Policy Reforms, and Global Food Security," Palgrave Studies in Agricultural Economics and Food Policy, Palgrave Macmillan, number 978-1-137-46925-0, December.
    23. Vithessonthi, Chaiporn, 2014. "The effect of financial market development on bank risk: evidence from Southeast Asian countries," International Review of Financial Analysis, Elsevier, vol. 35(C), pages 249-260.
    24. Mishra, Sagarika & Narayan, Paresh Kumar, 2015. "A nonparametric model of financial system and economic growth," International Review of Economics & Finance, Elsevier, vol. 39(C), pages 175-191.
    25. Rudra P. Pradhan & Mak B. Arvin & John H. Hall, 2019. "The Nexus Between Economic Growth, Stock Market Depth, Trade Openness, And Foreign Direct Investment: The Case Of Asean Countries," The Singapore Economic Review (SER), World Scientific Publishing Co. Pte. Ltd., vol. 64(03), pages 461-493, June.

  13. Peter L. Rousseau, 2010. "The Market for Bank Stocks and the Rise of Deposit Banking in New York City, 1866-1897," NBER Working Papers 15770, National Bureau of Economic Research, Inc.

    Cited by:

    1. Cotter, Christopher & Rousseau, Peter L, 2022. "Correspondent banking, systematic risk, and the Panic of 1893," MPRA Paper 113340, University Library of Munich, Germany.
    2. Peter Grajzl & Peter Murrell, 2022. "Did Caselaw Foster England’s Economic Development during the Industrial Revolution? Data and Evidence," CESifo Working Paper Series 10088, CESifo.
    3. Mary Eschelbach Hansen, 2014. "Sources of Credit and the Extent of the Credit Market: A View from Bankruptcy Records, Mississippi 1929-1936," Working Papers 2014-09, American University, Department of Economics.
    4. Brownlees, Christian & Chabot, Ben & Ghysels, Eric & Kurz, Christopher, 2020. "Back to the future: Backtesting systemic risk measures during historical bank runs and the great depression," Journal of Banking & Finance, Elsevier, vol. 113(C).
    5. Grajzl, Peter & Murrell, Peter, 2024. "Caselaw and England's economic performance during the Industrial Revolution: Data and evidence," Journal of Comparative Economics, Elsevier, vol. 52(1), pages 145-165.
    6. Matthew Jaremski & Peter L. Rousseau, 2015. "The Dawn of an ‘Age of Deposits’ in the United States," NBER Working Papers 21503, National Bureau of Economic Research, Inc.
    7. Peter Grajzl & Peter Murrell, 2024. "From Status to Contract? A Macrohistory from Early-Modern English Caselaw and Print Culture," CESifo Working Paper Series 11246, CESifo.
    8. Jansson, Walter, 2018. "Stock markets, banks and economic growth in the UK, 1850–1913," Financial History Review, Cambridge University Press, vol. 25(3), pages 263-296, December.
    9. Ama Samarasinghe & Katherine Uylangco, 2022. "Stock market liquidity and traditional sources of bank business," Accounting and Finance, Accounting and Finance Association of Australia and New Zealand, vol. 62(3), pages 3107-3145, September.

  14. Panicos Demetriades & Peter Rousseau, 2010. "Government, Openness and Finance: Past and Present," Discussion Papers in Economics 11/03, Division of Economics, School of Business, University of Leicester, revised Oct 2010.

    Cited by:

    1. Shahbaz, Muhammad & Bhattacharya, Mita & Kumar, Mantu, 2017. "Financial Development, Industrialisation, Urbanisation and the Role of Institutions: A Comparative Analysis between India and China," MPRA Paper 81609, University Library of Munich, Germany, revised 14 Sep 2017.
    2. Nazrul Hazizi Noordin & Mohamed Eskandar Shah Mohd. Rasid, 2024. "Trade Uncer ade Uncertainty and Bank Cr tainty and Bank Credit Gr edit Growth: E owth: Evidence fr vidence from China om China and the European Union Countries," Bulletin of Monetary Economics and Banking, Bank Indonesia, vol. 27(2), pages 299-326, May.
    3. Bordo, Michael D. & Rousseau, Peter L., 2012. "Historical evidence on the finance-trade-growth nexus," Journal of Banking & Finance, Elsevier, vol. 36(4), pages 1236-1243.
    4. Zunaira Aman & Brigitte Granville & Sushanta K. Mallick & Ilayda Nemlioglu, 2024. "Does greater financial openness promote external competitiveness in emerging markets? The role of institutional quality," International Journal of Finance & Economics, John Wiley & Sons, Ltd., vol. 29(1), pages 486-510, January.
    5. Narayan, Paresh Kumar & Narayan, Seema, 2013. "The short-run relationship between the financial system and economic growth: New evidence from regional panels," International Review of Financial Analysis, Elsevier, vol. 29(C), pages 70-78.
    6. Ben Jelili, Riadh & Abdmoulah, Walid, 2013. "Access to Finance Thresholds and the Finance-Growth Nexus," MPRA Paper 52221, University Library of Munich, Germany, revised 2012.
    7. Alexandra D’Onofrio & Peter L. Rousseau, 2018. "Financial Development, Trade Openness and Growth in the First Wave of Globalization," Comparative Economic Studies, Palgrave Macmillan;Association for Comparative Economic Studies, vol. 60(1), pages 105-114, March.
    8. Mohammad M Rahaman, 2016. "Chinese import competition and the provisions for external debt financing in the US," Journal of International Business Studies, Palgrave Macmillan;Academy of International Business, vol. 47(8), pages 898-928, October.
    9. Seven, Ünal & Yetkiner, Hakan, 2016. "Financial intermediation and economic growth: Does income matter?," Economic Systems, Elsevier, vol. 40(1), pages 39-58.

  15. Paul Wachtel & Peter L. Rousseau, 2010. "Economic Growth and Financial Depth: Is the Relationship Extinct Already?," Working Papers id:3225, eSocialSciences.

    Cited by:

    1. Beck, T.H.L. & Degryse, H.A. & Kneer, E.C., 2012. "Is More Finance Better? Disentangling Intermediation and Size Effects of Financial Systems," Other publications TiSEM 2dbf9eaf-dae6-4c3f-9a2d-c, Tilburg University, School of Economics and Management.
    2. Najeeb Muhammad Nasir & Nasir Ali & Imran Khokhar, 2014. "Economic Growth, Financial Depth and Lending Rate Nexus: A Case of Oil Dependant Economy," International Journal of Financial Research, International Journal of Financial Research, Sciedu Press, vol. 5(2), pages 59-68, April.
    3. Abdulkadir Rafindadi & Zarinah Yusof, 2015. "Do the dynamics of financial development spur economic growth in Nigeria’s contemporal growth struggle? A fact beyond the figures," Quality & Quantity: International Journal of Methodology, Springer, vol. 49(1), pages 365-384, January.
    4. Joydeep Biswas, 2008. "Does Finance Lead to Economic Growth? An Empirical Assessment of 12 Asian Economies," Margin: The Journal of Applied Economic Research, National Council of Applied Economic Research, vol. 2(3), pages 229-246, August.
    5. Nevine Mokhtar Eid, 2008. "Financial Development: A Pre-Condition for Foreign Direct Spillover Effects in Egypt," Working Papers 12, The German University in Cairo, Faculty of Management Technology.
    6. Kjell Sümegi & Peter Haiss, 2006. "The Relationship of Insurance and Economic Growth - a Theoretical and Empirical Analysis," EcoMod2006 272100091, EcoMod.
    7. Nagmi Moftah Aimer, 2020. "Renewable energy consumption, financial development and economic growth: Evidence from panel data for the Middle East and North African countries," Economics Bulletin, AccessEcon, vol. 40(3), pages 2058-2072.
    8. C�line Meslier-Crouzille & Emmanuelle Nys & Alain Sauviat, 2012. "Contribution of Rural Banks to Regional Economic Development: Evidence from the Philippines," Regional Studies, Taylor & Francis Journals, vol. 46(6), pages 775-791, June.
    9. Katrin Tinn, 2010. "Technology Adoption with Exit in Imperfectly Informed Equity Markets," American Economic Review, American Economic Association, vol. 100(3), pages 925-957, June.
    10. Shiyuan Pan & Mengbo Zhang & Heng-fu Zou, 2011. "Patent Protection, Financial Development and Economic Growth," CEMA Working Papers 589, China Economics and Management Academy, Central University of Finance and Economics.
    11. Nasreen, Samia & Mahalik, Mantu Kumar & Shahbaz, Muhammad & Abbas, Qaisar, 2020. "How do financial globalization, institutions and economic growth impact financial sector development in European countries?," Research in International Business and Finance, Elsevier, vol. 54(C).
    12. Huang, Rocco R., 2008. "Evaluating the real effect of bank branching deregulation: Comparing contiguous counties across US state borders," Journal of Financial Economics, Elsevier, vol. 87(3), pages 678-705, March.
    13. Asli Demirgüç-Kunt & Ross Levine, 2008. "Finance, Financial Sector Policies, and Long-Run Growth," World Bank Publications - Books, The World Bank Group, number 28021.
    14. Colombage, Sisira R.N., 2009. "Financial markets and economic performances: Empirical evidence from five industrialized economies," Research in International Business and Finance, Elsevier, vol. 23(3), pages 339-348, September.
    15. Ernesto R. Gantman & Marcelo P. Dab�s, 2012. "A Fragile Link? A New Empirical Analysis of the Relationship between Financial Development and Economic Growth," Oxford Development Studies, Taylor & Francis Journals, vol. 40(4), pages 517-532, December.
    16. Commander, Simon & Svejnar, Jan & Tinn, Katrin, 2008. "Explaining the performance of firms and countries: What does the business environment play?," Working Papers 836, Graduate School of Management, St. Petersburg State University.
    17. Hsueh, Shun-Jen & Hu, Yu-Hau & Tu, Chien-Heng, 2013. "Economic growth and financial development in Asian countries: A bootstrap panel Granger causality analysis," Economic Modelling, Elsevier, vol. 32(C), pages 294-301.
    18. Maldonado, Leonardo, 2010. "Profundización financiera estadal en Venezuela: Enfoque alternativo usando la encuesta de hogares de propósitos múltiples [Financial deepening at state level in Venezuela: Alternative approach usin," MPRA Paper 89921, University Library of Munich, Germany.
    19. O uzhan Yilmaz, 2016. "Analysis of the Relationships between Financial Development and Economic Growth through Romer's Expanding Variety of Products Model: The Case of Turkey," International Journal of Economics and Financial Issues, Econjournals, vol. 6(3), pages 1155-1164.
    20. Phutkaradze Jaba, 2014. "Impact of Insurance Market on Economic Growth in Post-Transition Countries," International Journal of Management and Economics, Warsaw School of Economics, Collegium of World Economy, vol. 44(1), pages 92-105, December.
    21. Eller, Markus & Haiss, Peter & Steiner, Katharina, 2006. "Foreign direct investment in the financial sector and economic growth in Central and Eastern Europe: The crucial role of the efficiency channel," Emerging Markets Review, Elsevier, vol. 7(4), pages 300-319, December.
    22. George M. von Furstenberg & Ulf von Kalckreuth, 2007. "Dependence on External Finance by Manufacturing Sector: Examining the Measure and its Properties," Economie Internationale, CEPII research center, issue 111, pages 55-80.
    23. Laura Cojocaru & Saul Hoffman & Jeffrey Miller, 2011. "Financial Development and Economic Growth in Transition Economies: Empirical Evidence from the CEE and CIS Countries," Working Papers 11-22, University of Delaware, Department of Economics.
    24. Ramírez, Carlos D., 2009. "Bank fragility, "money under the mattress", and long-run growth: US evidence from the "perfect" Panic of 1893," Journal of Banking & Finance, Elsevier, vol. 33(12), pages 2185-2198, December.
    25. Qazi Muhammad Adnan Hye & Faridul Islam, 2013. "Does financial development hamper economic growth: empirical evidence from Bangladesh," Journal of Business Economics and Management, Taylor & Francis Journals, vol. 14(3), pages 558-582, June.
    26. Krishna Chaitanya Vadlamannati, 2008. "Do Insurance Sector Growth and Reforms Affect Economic Development? Empirical Evidence from India," Margin: The Journal of Applied Economic Research, National Council of Applied Economic Research, vol. 2(1), pages 43-86, March.
    27. Soultanaeva, Albina, 2010. "Financial Intermediation and Economic Growth: Evidence from the Baltic countries," Umeå Economic Studies 817, Umeå University, Department of Economics.
    28. Babajide Fowowe, 2014. "Law and Finance Revisited: Evidence from African Countries," South African Journal of Economics, Economic Society of South Africa, vol. 82(2), pages 193-208, June.
    29. Alessandra Dal Colle, 2011. "Finance–growth nexus: does causality withstand financial liberalization? Evidence from cointegrated VAR," Empirical Economics, Springer, vol. 41(1), pages 127-154, August.
    30. Drama Bédi Guy Hervé, 2016. "The Econometric Estimation of Macroeconomic Effect of Financial Development on Economic Growth in Cote d’Ivoire: A Long and Short Run Analysis, 1970-2014," International Journal of Economics and Finance, Canadian Center of Science and Education, vol. 8(7), pages 284-284, July.
    31. Huang, Rocco, 2007. "Evaluating the real effect of bank branching deregulation: comparing contiguous counties across U.S. state borders," Working Paper Series 788, European Central Bank.
    32. Rewilak, Johan, 2013. "Finance is good for the poor but it depends where you live," Journal of Banking & Finance, Elsevier, vol. 37(5), pages 1451-1459.
    33. Law, Siong Hook & Azman-Saini, W.N.W. & Ibrahim, Mansor H., 2013. "Institutional quality thresholds and the finance – Growth nexus," Journal of Banking & Finance, Elsevier, vol. 37(12), pages 5373-5381.
    34. Barbara Pistoresi & Valeria Venturelli, 2015. "Credit, venture capital and regional economic growth," Journal of Economics and Finance, Springer;Academy of Economics and Finance, vol. 39(4), pages 742-761, October.
    35. E. M. Ekanayake & Ranjini Thaver, 2021. "The Nexus between Financial Development and Economic Growth: Panel Data Evidence from Developing Countries," JRFM, MDPI, vol. 14(10), pages 1-24, October.
    36. Ikonen, Pasi, 2017. "Financial depth, debt, and growth," Bank of Finland Scientific Monographs, Bank of Finland, volume 0, number e51, July.
    37. Uslu, Çağrı Levent & Aydoğan, Ebru Tomris & Ketenci, Natalya, 2015. "Economic Growth, Financial Development, and Trade Openness in Emerging Markets: Panel Approach," MPRA Paper 64722, University Library of Munich, Germany.
    38. Eric Amankwaah & Nicholas Mensah & Nana Okyir Baidoo, 2022. "The impact of location tax incentives on the growth of rural economy: evidence from Ghana," Future Business Journal, Springer, vol. 8(1), pages 1-19, December.
    39. Elmawazini, Khaled & Khiyar, Khiyar Abdalla & Al Galfy, Ahmad & Aydilek, Asiye, 2015. "Types of banking institutions and economic growth: An endogenous growth model," Economics Discussion Papers 2015-61, Kiel Institute for the World Economy (IfW Kiel).
    40. A�a�Yrı Levent Uslu & Ebru Tomris Aydo�Yan & Natalya Ketenci, 2016. "Impact Of Structural Breaks Presence On Economic Development Of Emerging Countries," Journal Articles, Center For Economic Analyses, pages 5-21, December.
    41. Fink, Gerhard & Haiss, Peter & Vuksic, Goran, 2009. "Contribution of financial market segments at different stages of development: Transition, cohesion and mature economies compared," Journal of Financial Stability, Elsevier, vol. 5(4), pages 431-455, December.

  16. Caleb Stroup & Peter Rousseau, 2010. "Monetization and Growth in Colonial New England, 1703-1749," Working Papers 10-01, Davidson College, Department of Economics.

    Cited by:

    1. Muhammad Zia Ullah Khan & Muhammad Illyas & Muqqadas Rahman & Chaudhary Abdul Rahman, 2015. "Money Monetization and Economic Growth in Pakistan," International Journal of Economics and Empirical Research (IJEER), The Economics and Social Development Organization (TESDO), vol. 3(4), pages 184-192, April.
    2. Muhammad Zia Ullah Khan & Chaudhary Abdul Rahman, 2015. "Money, Monetization and Economic Growth in Pakistan," International Journal of Economics and Empirical Research (IJEER), The Economics and Social Development Organization (TESDO), vol. 3(3), pages 95-104, March.
    3. Maxime Menuet & Alexandru Minea & Patrick Villieu, 2018. "Deficit, monetization, and economic growth: a case for multiplicity and indeterminacy," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 65(4), pages 819-853, June.
    4. Farley Grubb, 2016. "Is Paper Money Just Paper Money? Experimentation and Variation in the Paper Monies Issued by the American Colonies from 1690 to 1775," Research in Economic History, in: Research in Economic History, volume 32, pages 147-224, Emerald Group Publishing Limited.
    5. Farley Grubb, 2014. "A New Approach to Solving the Colonial Monetary Puzzle: Evidence from New Jersey, 1709-1775," NBER Working Papers 19903, National Bureau of Economic Research, Inc.
    6. Farley Grubb, 2013. "Colonial New Jersey's Paper Money Regime, 1709-1775: A Forensic Accounting Reconstruction of the Data," NBER Working Papers 19710, National Bureau of Economic Research, Inc.
    7. Ronald W. Michener, 2019. "Re-examination of the Empirical Evidence Concerning Colonial New Jersey's Paper Money, 1709–1775: A Comment on Farley Grubb," Econ Journal Watch, Econ Journal Watch, vol. 16(2), pages 180–217-1, September.
    8. Farley Grubb, 2014. "A New Approach to Explaining the Value of Colonial Paper Money: Evidence from New Jersey, 1709-1775," Working Papers 14-08, University of Delaware, Department of Economics.
    9. Yurii Lupenko & Svitlana Andros, 2021. "Influence of the Level of Economy Monetization and the Structure of Money Supply on Lending to the Enterprises of the Agricultural Sector," Oblik i finansi, Institute of Accounting and Finance, issue 3, pages 55-62, September.

  17. Boyan Jovanovic & Peter L. Rousseau, 2009. "Extensive and Intensive Investment over the Business Cycle," NBER Working Papers 14960, National Bureau of Economic Research, Inc.

    Cited by:

    1. Satyajit Chatterjee & Esteban Rossi-Hansberg, 2007. "Spin-offs and the Market for Ideas," NBER Working Papers 13198, National Bureau of Economic Research, Inc.
    2. Claudio Loderer & René Stulz & Urs Waelchli, 2017. "Firm Rigidities and the Decline in Growth Opportunities," Management Science, INFORMS, vol. 63(9), pages 3000-3020, September.
    3. Germán Gutiérrez & Thomas Philippon, 2016. "Investment-less Growth: An Empirical Investigation," NBER Working Papers 22897, National Bureau of Economic Research, Inc.
    4. Oh, Hyunseung & Yoon, Chamna, 2020. "Time to build and the real-options channel of residential investment," Journal of Financial Economics, Elsevier, vol. 135(1), pages 255-269.
    5. Gregor Semieniuk & Emanuele Campiglio & Jean-Francois Mercure & Ulrich Volz & Neil R. Edwards, 2020. "Low-carbon transition risks for finance," Working Papers 233, Department of Economics, SOAS University of London, UK.
    6. Vanja Grozdić & Branislav Marić & Mladen Radišić & Jarmila Šebestová & Marcin Lis, 2020. "Capital Investments and Manufacturing Firms’ Performance: Panel-Data Analysis," Sustainability, MDPI, vol. 12(4), pages 1-18, February.
    7. Adachi-Sato, Meg & Vithessonthi, Chaiporn, 2017. "Bank systemic risk and corporate investment: Evidence from the US," International Review of Financial Analysis, Elsevier, vol. 50(C), pages 151-163.
    8. Hyunseung Oh & Chamna Yoon, 2016. "Residential construction lags across the US and their implications for housing supply," Vanderbilt University Department of Economics Working Papers 16-00002, Vanderbilt University Department of Economics.
    9. Maria Minniti & Martin Andersson & Pontus Braunerhjelm & Frédéric Delmar & Annika Rickne & Karin Thorburn & Karl Wennberg & Mikael Stenkula, 2019. "Boyan Jovanovic: recipient of the 2019 Global Award for Entrepreneurship Research," Small Business Economics, Springer, vol. 53(3), pages 547-553, October.
    10. Boyan Jovanovic & Sai Ma & Peter L. Rousseau, 2020. "Private Equity and Growth," NBER Working Papers 28030, National Bureau of Economic Research, Inc.
    11. Hackbarth, Dirk & Gu, Lifeng & Johnson, Timothy, 2017. "Inflexibility and Stock Returns," CEPR Discussion Papers 12441, C.E.P.R. Discussion Papers.
    12. Nippala, Veera & Sinivuori, Taina, 2023. "Forecasting private investment in Finland using Q-theory and frequency decomposition," BoF Economics Review 3/2023, Bank of Finland.
    13. Schulte, Reinhard, 2018. "New venture investing trajectories: A large scale longitudinal study," Lüneburger Beiträge zur Gründungsforschung 13, Leuphana University of Lüneburg, Department of Entrepreneurship & Start-up Management.
    14. Meg Adachi-Sato & Chaiporn Vithessonthi, 2016. "Bank Systemic Risk and Corporate Investment," PIER Discussion Papers 17, Puey Ungphakorn Institute for Economic Research.
    15. Roy Thurik, 2014. "Entrepreneurship and the business cycle," IZA World of Labor, Institute of Labor Economics (IZA), pages 1-90, October.
    16. Schulte, Reinhard, 2015. "On real investment by new ventures," Lüneburger Beiträge zur Gründungsforschung 12, Leuphana University of Lüneburg, Department of Entrepreneurship & Start-up Management.

  18. Peter L. Rousseau & Hakan Yilmazkuday, 2009. "Inflation, Finance, and Growth: A Trilateral Analysis," Vanderbilt University Department of Economics Working Papers 0916, Vanderbilt University Department of Economics.

    Cited by:

    1. Ooft, Gavin, 2019. "Inflation and Economic Activity in Suriname," Studies in Applied Economics 130, The Johns Hopkins Institute for Applied Economics, Global Health, and the Study of Business Enterprise.
    2. Rudra P. Pradhan & Mak B. Arvin & Mahendhiran Nair & John H. Hall & Atul Gupta, 2017. "Is there a link between economic growth and insurance and banking sector activities in the G‐20 countries?," Review of Financial Economics, John Wiley & Sons, vol. 33(1), pages 12-28, April.
    3. Ibrahim D. Raheem, 2018. "Inflation rate of 14–16% is fair for the sub-Saharan African dollarization," Journal of Economics and Finance, Springer;Academy of Economics and Finance, vol. 42(4), pages 779-794, October.

  19. Peter L. Rousseau, 2009. "Monetary Policy and the Dollar," NBER Working Papers 14993, National Bureau of Economic Research, Inc.

    Cited by:

    1. Caleb Stroup & Peter Rousseau, 2010. "Monetization and Growth in Colonial New England, 1703-1749," Working Papers 10-01, Davidson College, Department of Economics.

  20. Lihong Han & Peter L. Rousseau, 2009. "Technology Shocks, Q, and the Propensity to Merge," Vanderbilt University Department of Economics Working Papers 0914, Vanderbilt University Department of Economics.

    Cited by:

    1. Coulibaly, Brahima & Sapriza, Horacio & Zlate, Andrei, 2013. "Financial frictions, trade credit, and the 2008–09 global financial crisis," International Review of Economics & Finance, Elsevier, vol. 26(C), pages 25-38.

  21. Boyan Jovanovic & Peter L. Rousseau, 2008. "Specific Capital and Technological Variety," NBER Working Papers 13998, National Bureau of Economic Research, Inc.

    Cited by:

    1. Andrea L. Eisfeldt & Dimitris Papanikolaou, 2013. "Organization Capital and the Cross-Section of Expected Returns," Journal of Finance, American Finance Association, vol. 68(4), pages 1365-1406, August.
    2. Lustig, Hanno & Syverson, Chad & Van Nieuwerburgh, Stijn, 2011. "Technological change and the growing inequality in managerial compensation," Journal of Financial Economics, Elsevier, vol. 99(3), pages 601-627, March.
    3. Gillman, Max, 2021. "Steps in industrial development through human capital deepening," Economic Modelling, Elsevier, vol. 99(C).
    4. POSCHKE, Markus, 2011. "The Firm Size Distribution across Countries and Skill-Biased Change in Entrepreneurial Technology," Cahiers de recherche 08-2011, Centre interuniversitaire de recherche en économie quantitative, CIREQ.
    5. Xiaolan Zhang, 2014. "Who Bears Firm-Level Risk? Implications for Cash Flow Volatility," 2014 Meeting Papers 184, Society for Economic Dynamics.

  22. Peter L. Rousseau, 2007. "Backing, the Quantity Theory, and the Transition to the U.S. Dollar, 1723-1850," NBER Working Papers 12835, National Bureau of Economic Research, Inc.

    Cited by:

    1. Caleb Stroup & Peter Rousseau, 2010. "Monetization and Growth in Colonial New England, 1703-1749," Working Papers 10-01, Davidson College, Department of Economics.
    2. Peter L. Rousseau, 2009. "Monetary Policy and the Dollar," NBER Working Papers 14993, National Bureau of Economic Research, Inc.
    3. Farley Grubb, 2016. "Is Paper Money Just Paper Money? Experimentation and Variation in the Paper Monies Issued by the American Colonies from 1690 to 1775," Research in Economic History, in: Research in Economic History, volume 32, pages 147-224, Emerald Group Publishing Limited.
    4. Cory Cutsail & Farley Grubb, 2017. "The Paper Money of Colonial North Carolina, 1712-1774," NBER Working Papers 23783, National Bureau of Economic Research, Inc.
    5. Bryan P Cutsinger & Vincent Geloso & Mathieu Bédard, 2022. "The wild card: colonial paper money in French North America, 1685 to 1719 [Economic Structure and Agricultural Productivity in Europe, 1300–1800]," European Review of Economic History, European Historical Economics Society, vol. 26(2), pages 185-207.
    6. Peter L. Rousseau, 2013. "Politics on the road to the U.S. monetary union," Vanderbilt University Department of Economics Working Papers 13-00006, Vanderbilt University Department of Economics.
    7. Cutsinger, Bryan P. & Rouanet, Louis & Ingber, Joshua S., 2023. "Assignats or death: The politics and dynamics of hyperinflation in revolutionary France," European Economic Review, Elsevier, vol. 157(C).

  23. Peter L. Rousseau, 2006. "The Q-Theory of Mergers: International and Cross-Border Evidence," 2006 Meeting Papers 153, Society for Economic Dynamics.

    Cited by:

    1. Stefano CLO & Chiara F. DEL BO & Matteo FERRARIS & Massimo FLORIO & Daniela VANDONE & Carlo FIORIO, 2015. "Public Enterprises In The Market For Corporate Control: Recent Worldwide Evidence," Annals of Public and Cooperative Economics, Wiley Blackwell, vol. 86(4), pages 559-583, December.
    2. Stefano CLÒ & Chiara F. DEL BO & Matteo FERRARIS & Carlo FIORIO & Massimo FLORIO & Daniela VANDONE, 2014. "Publicization versus Privatization: Recent Worldwide Evidence," Departmental Working Papers 2014-04, Department of Economics, Management and Quantitative Methods at Università degli Studi di Milano.

  24. Michael D. Bordo & Peter L. Rousseau, 2006. "Legal-Political Factors and the Historical Evolution of the Finance-Growth Link," NBER Working Papers 12035, National Bureau of Economic Research, Inc.

    Cited by:

    1. Pierre Mandon & Clément Mathonnat, 2014. "Forms of Democracies and Financial Development," CERDI Working papers halshs-01084679, HAL.
    2. Svetlana Andrianova & Panicaos Demetriades & Chenggang Xu, 2008. "Political Economy Origins of Financial Markets in Europe and Asia," WEF Working Papers 0034, ESRC World Economy and Finance Research Programme, Birkbeck, University of London.
    3. Stahl, Jörg R., 2023. "Changes in the electorate and firm values: Evidence from the introduction of female suffrage in Switzerland," Journal of Empirical Finance, Elsevier, vol. 70(C), pages 386-402.
    4. Pierre Mandon & Clément Mathonnat, 2015. "Forms of Democracies and Financial Development," CERDI Working papers halshs-01196108, HAL.
    5. Howard Bodenhorn, 2016. "Two Centuries of Finance and Growth in the United States, 1790-1980," NBER Working Papers 22652, National Bureau of Economic Research, Inc.
    6. Claessens, Stijn & Perotti, Enrico, 2007. "Finance and inequality: Channels and evidence," Journal of Comparative Economics, Elsevier, vol. 35(4), pages 748-773, December.
    7. Sophia Lazaretou, 2011. "Financial crises and financial market regulation: the long record of an ‘emerger’," Working Papers 140, Bank of Greece.
    8. Philip Arestis & Georgios Chortareas & Georgios Magkonis, 2015. "The Financial Development And Growth Nexus: A Meta-Analysis," Journal of Economic Surveys, Wiley Blackwell, vol. 29(3), pages 549-565, July.
    9. Hans Degryse & Thomas Lambert & Armin Schwienbacher, 2018. "The Political Economy of Financial Systems: Evidence from Suffrage Reforms in the Last Two Centuries," Economic Journal, Royal Economic Society, vol. 128(611), pages 1433-1475, June.
    10. Beck, T.H.L., 2011. "The Role of Finance in Economic Development : Benefits, Risks, and Politics," Other publications TiSEM f9c81fe6-f2cd-4fa7-b598-e, Tilburg University, School of Economics and Management.
    11. Morck Randall K & Yeung Bernard, 2010. "Corporatism and the Ghost of the Third Way," Capitalism and Society, De Gruyter, vol. 5(3), pages 1-61, December.
    12. Michael D. Bordo, 2008. "Growing up to Financial Stability," Working Papers 85, Bank of Greece.
    13. Bordo, Michael D. & Rousseau, Peter L., 2012. "Historical evidence on the finance-trade-growth nexus," Journal of Banking & Finance, Elsevier, vol. 36(4), pages 1236-1243.
    14. Michael D. Bordo, 2007. "Growing Up to Financial Stability," NBER Working Papers 12993, National Bureau of Economic Research, Inc.
    15. Bello K. Ajide, 2020. "Fragmentation and financial development in Sub-Saharan Africa Countries: the case of diversity debit versus diversity dividend theses," Economic Change and Restructuring, Springer, vol. 53(3), pages 379-428, August.
    16. Stephen Haber, 2008. "Differential Paths of Financial Development: Evidence from New World Economies," NBER Chapters, in: Understanding Long-Run Economic Growth: Geography, Institutions, and the Knowledge Economy, pages 89-120, National Bureau of Economic Research, Inc.
    17. Emmanuel Carré & Guillaume L'Oeillet, 2018. "The Literature on the Finance–Growth Nexus in the Aftermath of the Financial Crisis: A Review," Post-Print halshs-01746069, HAL.
    18. Aldo Musacchio, 2010. "Law and Finance c. 1900," NBER Working Papers 16216, National Bureau of Economic Research, Inc.
    19. Stephen Haber & Enrico Perotti, 2008. "The Political Economy of Financial Systems," Tinbergen Institute Discussion Papers 08-045/2, Tinbergen Institute.
    20. Pierre MANDON & Clément MATHONNAT, 2014. "Forms of Democracies and Financial Development," Working Papers 201421, CERDI.
    21. Pierre Mandon & Clément Mathonnat, 2014. "Forms of Democracies and Financial Development," Working Papers halshs-01084679, HAL.
    22. Ahlin, Christian & Pang, Jiaren, 2008. "Are financial development and corruption control substitutes in promoting growth?," Journal of Development Economics, Elsevier, vol. 86(2), pages 414-433, June.
    23. Emmanuel Carré & Guillaume L'Oeillet, 2017. "Une revue de la littérature récente sur le nexus finance-croissance après la crise : apports, limites et pistes de recherche," Post-Print halshs-01683732, HAL.
    24. Coyle, Christopher & Musacchio, Aldo & Turner, John D., 2019. "Law and Finance in Britain c.1900," QBS Working Paper Series 2019/11, Queen's University Belfast, Queen's Business School.
    25. Howard Bodenhorn & David Cuberes, 2010. "Financial development and city growth: Evidence from Northeastern American cities, 1790-1870," Working Papers 2010/35, Institut d'Economia de Barcelona (IEB).
    26. Peter L. Rousseau, 2016. "The Politics of Financial Development: A Review of Calomiris and Haber's Fragile by Design," Journal of Economic Literature, American Economic Association, vol. 54(1), pages 208-223, March.
    27. Ashraf, Badar Nadeem, 2017. "Political institutions and bank risk-taking behavior," Journal of Financial Stability, Elsevier, vol. 29(C), pages 13-35.
    28. Pierre Mandon & Clément Mathonnat, 2015. "Forms of Democracies and Financial Development," Working Papers halshs-01196108, HAL.
    29. Mr. Marc G Quintyn & Ms. Genevieve Verdier, 2010. "Mother, Can I Trust the Government? Sustained Financial Deepening: A Political Institutionsview," IMF Working Papers 2010/210, International Monetary Fund.
    30. Babajide Fowowe, 2014. "Law and Finance Revisited: Evidence from African Countries," South African Journal of Economics, Economic Society of South Africa, vol. 82(2), pages 193-208, June.
    31. Rockoff, Hugh & White, Eugene N., 2012. "Monetary Regimes and Policy on a Global Scale: The Oeuvre of Michael D. Bordo," MPRA Paper 49672, University Library of Munich, Germany, revised May 2013.
    32. Bruno Emmanuel Ongo Nkoa & Thierry Mamadou Asngar & Charles Christian Atangana Zambo & Donald Ferdinand Okere Atanga, 2023. "Does institutional quality accelerate the growth of financial markets in Africa?," SN Business & Economics, Springer, vol. 3(4), pages 1-26, April.
    33. Badar Nadeem Ashraf & Sidra Arshad & Liang Yan, 2018. "Do Better Political Institutions Help in Reducing Political Pressure on State-Owned Banks? Evidence from Developing Countries," JRFM, MDPI, vol. 11(3), pages 1-18, August.
    34. Le Bris, David, 2013. "Customary versus Civil Law within Old Regime France," MPRA Paper 52123, University Library of Munich, Germany.
    35. Pierre MANDON & Clément MATHONNAT, 2015. "Forms of Democracies and Financial Development," Working Papers 201523, CERDI.

  25. Paul Wachtel & Peter L. Rousseau, 2006. "What is happening to the impact of financial deepening on economic growth?," Working Papers 06-15, New York University, Leonard N. Stern School of Business, Department of Economics.

    Cited by:

    1. Oro, Oro Ufuo & Alagidede, Paul, 2018. "The Nature of the finance–growth relationship: Evidence from a panel of oil-producing countries," Economic Analysis and Policy, Elsevier, vol. 60(C), pages 89-102.
    2. Lo Turco, Alessia & Maggioni, Daniela & Zazzaro, Alberto, 2019. "Financial dependence and growth: The role of input-output linkages," Journal of Economic Behavior & Organization, Elsevier, vol. 162(C), pages 308-328.
    3. Gunther Capelle-Blancard, 2018. "What is the Point of (the Hundreds of Thousands of Billions of) Stock Transactions?," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) hal-03029284, HAL.
    4. Cherkas N., Atamanchuk Z., 2015. "Assessing macroeconomic effects of monetary policy in Ukraine," Economy and Forecasting, Valeriy Heyets, issue 3, pages 123-134.
    5. Norman Loayza & Amine Ouazad & Romain Ranciere, 2017. "Financial Development, Growth, and Crisis: Is There a Trade-Off?," Working Papers 114, Peruvian Economic Association.
    6. Caner, Mehmet & Fan, Qingliang & Grennes, Thomas, 2021. "Partners in debt: An endogenous non-linear analysis of the effects of public and private debt on growth," International Review of Economics & Finance, Elsevier, vol. 76(C), pages 694-711.
    7. Owen, Ann L. & Temesvary, Judit, 2012. "Foreign lending, local lending, and economic growth," MPRA Paper 39978, University Library of Munich, Germany.
    8. Florian Léon, 2019. "Household Credit and Growth: International Evidence," DEM Discussion Paper Series 19-02, Department of Economics at the University of Luxembourg.
    9. Khalil Mhadhbi & Chokri Terzi & Ali Bouchrika, 2020. "Banking sector development and economic growth in developing countries: a bootstrap panel Granger causality analysis," Empirical Economics, Springer, vol. 58(6), pages 2817-2836, June.
    10. Beck, T.H.L. & Degryse, H.A. & Kneer, E.C., 2012. "Is More Finance Better? Disentangling Intermediation and Size Effects of Financial Systems," Other publications TiSEM 2dbf9eaf-dae6-4c3f-9a2d-c, Tilburg University, School of Economics and Management.
    11. Zhan, Shurui & Tang, Yangfei & Li, Shuai & Yao, Yaojun & Zhan, Minghua, 2021. "How does the money market development impact the bank lending channel of emerging Countries? A case from China," The North American Journal of Economics and Finance, Elsevier, vol. 57(C).
    12. Petra Valickova & Tomas Havranek & Roman Horvath, 2015. "Financial Development And Economic Growth: A Meta-Analysis," Journal of Economic Surveys, Wiley Blackwell, vol. 29(3), pages 506-526, July.
    13. Orlowski, Lucjan T., 2015. "Monetary expansion and bank credit: A lack of spark," Journal of Policy Modeling, Elsevier, vol. 37(3), pages 510-520.
    14. Amar Anwar & Ichiro Iwasaki, 2023. "The finance–growth nexus in the Middle East and Africa: A comparative meta‐analysis," International Journal of Finance & Economics, John Wiley & Sons, Ltd., vol. 28(4), pages 4655-4683, October.
    15. Taniya Ghosh & Prashant Mehul Parab & Sohini Sahu, 2019. "Analyzing the importance of forward orientation in financial development-growth nexus: Evidence from big data," Indira Gandhi Institute of Development Research, Mumbai Working Papers 2019-031, Indira Gandhi Institute of Development Research, Mumbai, India.
    16. Stolbov, Mikhail, 2015. "Causality between credit depth and economic growth: Evidence from 24 OECD countries," BOFIT Discussion Papers 15/2015, Bank of Finland Institute for Emerging Economies (BOFIT).
    17. Guglielmo Maria Caporale & Mohamad Husam Helmi, 2016. "Islamic Banking, Credit and Economic Growth: Some Empirical Evidence," CESifo Working Paper Series 5716, CESifo.
    18. Kul B Luintel & Khan Mosahid & Leon-Gonzalez Roberto & Li Guangjie, 2016. "Financial Development, Structure and Growth : New Data, Method and Results," GRIPS Discussion Papers 15-27, National Graduate Institute for Policy Studies.
    19. Liu, Haiyun & Islam, Mollah Aminul & Khan, Muhammad Asif & Hossain, Md Ismail & Pervaiz, Khansa, 2020. "Does financial deepening attract foreign direct investment? Fresh evidence from panel threshold analysis," Research in International Business and Finance, Elsevier, vol. 53(C).
    20. Liu, Guan-Chun & Lee, Chien-Chiang & Lee, Chi-Chuan, 2016. "The nexus between insurance activity and economic growth: A bootstrap rolling window approach," International Review of Economics & Finance, Elsevier, vol. 43(C), pages 299-319.
    21. Abdul Bahri, Elya Nabila & Mohd Nor, Abu Hassan Shaari & Sarmidi, Tamat & Haji Mohd Nor, Nor Hakimah, 2018. "Nonlinear Relationship between Financial Development and Economic Growth: Evidence from Post Global Financial Crisis Panel Data," Jurnal Ekonomi Malaysia, Faculty of Economics and Business, Universiti Kebangsaan Malaysia, vol. 52(1), pages 15-30.
    22. Norhasimah Shaharuddin & Mohd Hafiz Abd. Wahab & Nik Rozila Nik Masdek & Norzitah Abdul Karim & Bushra Mohd Zaki & Salwaty Jamaludin, 2023. "Does Financial Development and Corruption reduce the level of Income Inequality? Evidence from Malaysia," Information Management and Business Review, AMH International, vol. 15(3), pages 108-116.
    23. Ductor, Lorenzo & Grechyna, Daryna, 2015. "Financial development, real sector, and economic growth," International Review of Economics & Finance, Elsevier, vol. 37(C), pages 393-405.
    24. Borlea Sorin Nicolae & Mare Codruta & Achim Monica Violeta & Puscas Adriana, 2016. "Direction of Causality Between Financial Development and Economic Growth. Evidence for Developing Countries," Studia Universitatis „Vasile Goldis” Arad – Economics Series, Sciendo, vol. 26(2), pages 1-22, June.
    25. Joshua Cave & Kausik Chaudhuri & Subal C. Kumbhakar, 2020. "Do banking sector and stock market development matter for economic growth?," Empirical Economics, Springer, vol. 59(4), pages 1513-1535, October.
    26. Jean-Pierre Allegret & Cécile Couharde & Dramane Coulibaly & Valérie Mignon, 2013. "Current Accounts and Oil Price Fluctuations in Oil-Exporting Countries: the Role of Financial Development," Working Papers 2013-19, CEPII research center.
    27. Owen, Ann L. & Temesvary, Judit, 2014. "Heterogeneity in the growth and finance relationship: How does the impact of bank finance vary by country and type of lending?," International Review of Economics & Finance, Elsevier, vol. 31(C), pages 275-288.
    28. Nickolaos G. Tzeremes, 2018. "Financial Development and Countries’ Production Efficiency: A Nonparametric Analysis," JRFM, MDPI, vol. 11(3), pages 1-13, August.
    29. Timo Korkeamäki & Elina Rainio & Tuomas Takalo, 2013. "Reforming corporate law in an emerging market," The Economics of Transition, The European Bank for Reconstruction and Development, vol. 21(3), pages 509-551, July.
    30. Dimitrios Asteriou & Konstantinos Spanos & Emmanouil Trachanas, 2024. "Financial development, economic growth and the role of fiscal policy during normal and stress times: Evidence for 26 EU countries," International Journal of Finance & Economics, John Wiley & Sons, Ltd., vol. 29(2), pages 2495-2514, April.
    31. Kevin Williams, 2017. "Does democracy dampen the effect of finance on economic growth?," Empirical Economics, Springer, vol. 52(2), pages 635-658, March.
    32. Osei, Michael J. & Kim, Jaebeom, 2020. "Foreign direct investment and economic growth: Is more financial development better?," Economic Modelling, Elsevier, vol. 93(C), pages 154-161.
    33. Bezemer, Dirk & Samarina, Anna & Zhang, Lu, 2020. "Does mortgage lending impact business credit? Evidence from a new disaggregated bank credit data set," Journal of Banking & Finance, Elsevier, vol. 113(C).
    34. Nahla Samargandi & Jan Fidrmuc & Sugata Ghosh, 2014. "Is the Relationship between Financial Development and Economic Growth Monotonic? Evidence from a Sample of Middle Income Countries," CESifo Working Paper Series 4743, CESifo.
    35. Faroque Ahmed & Md. Jamal Hossain & Mohammad Tareque, 2020. "Investigating the Roles of Physical Infrastructure, Financial Development and Human Capital on Economic Growth in Bangladesh," Journal of Infrastructure Development, India Development Foundation, vol. 12(2), pages 154-175, December.
    36. Anna Ząbkowicz & Sławomir Czech, 2016. "Revisiting conventional wisdom: does financialization have to leave sovereigns subordinated?," Ekonomia journal, Faculty of Economic Sciences, University of Warsaw, vol. 47.
    37. Luke Petach, 2020. "Local financialization, household debt, and the great recession," Papers in Regional Science, Wiley Blackwell, vol. 99(3), pages 807-839, June.
    38. Spyridon Boikos & Theodore Panagiotidis & Georgios Voucharas, 2021. "Financial Development, Reforms and Growth," Bank of Lithuania Working Paper Series 98, Bank of Lithuania.
    39. Balázs Egert & Fredj Jawadi, 2018. "The Nonlinear Relationship between Economic growth and Financial Development," EconomiX Working Papers 2018-26, University of Paris Nanterre, EconomiX.
    40. Imen Mohamed Sghaier, 2018. "Financial Development, Institutions and Economic Growth in North African Countries," Romanian Economic Journal, Department of International Business and Economics from the Academy of Economic Studies Bucharest, vol. 21(69), pages 53-72, September.
    41. Jean-Michel Sahut & Faten Ben Bouheni, 2019. "Profitability and Risk-Taking Among Cooperative Banks in the Eurozone," Economics Bulletin, AccessEcon, vol. 39(2), pages 1103-1117.
    42. Abdullahi Ahmed & Andrew Hulten, 2014. "Financial Globalization in Botswana and Nigeria: A Critique of the Thresholds Paradigm," The Review of Black Political Economy, Springer;National Economic Association, vol. 41(2), pages 177-203, June.
    43. Mickaël Clévenot & Marie Silvère Mbome, 2014. "Reassessing Vulnerability to Macroeconomic Volatility: a nonstationary panel approach," Working Papers hal-00951544, HAL.
    44. Małgorzata Iwanicz-Drozdowska & Paola Bongini & Paweł Smaga & Bartosz Witkowski, 2019. "The role of banks in CESEE countries: exploring non-standard determinants of economic growth," Post-Communist Economies, Taylor & Francis Journals, vol. 31(3), pages 349-382, May.
    45. Cavallaro, Eleonora & Villani, Ilaria, 2021. "Real income convergence and the patterns of financial integration in the EU," The North American Journal of Economics and Finance, Elsevier, vol. 56(C).
    46. Paola Bongini & Małgorzata Iwanicz-Drozdowska & Paweł Smaga & Bartosz Witkowski, 2017. "Financial Development and Economic Growth: The Role of Foreign-Owned Banks in CESEE Countries," Sustainability, MDPI, vol. 9(3), pages 1-25, March.
    47. Amat Adarov, 2019. "Financial Cycles in Europe: Dynamics, Synchronicity and Implications for Business Cycles and Macroeconomic Imbalances," wiiw Working Papers 166, The Vienna Institute for International Economic Studies, wiiw.
    48. Belke, Ansgar & Haskamp, Ulrich & Setzer, Ralph, 2016. "Regional bank efficiency and its effect on regional growth in “normal” and “bad” times," Economic Modelling, Elsevier, vol. 58(C), pages 413-426.
    49. Benczur, Peter & Karagiannis, Stylianos & Kvedaras, Virmantas, 2017. "Finance and economic growth: financing structure and non-linear impact," JRC Working Papers in Economics and Finance 2017-07, Joint Research Centre, European Commission.
    50. Sadaf MAJEED* & Syed Faizan IFTIKHAR** & Zeeshan ATIQ***, 2019. "CREDIT ACTIVITY AND GROWTH PERFORMANCE: Evidence from Panel Data," Pakistan Journal of Applied Economics, Applied Economics Research Centre, vol. 29(1), pages 107-129.
    51. Naumovska Elena & Jovanovski Kiril & Gockov Gorgji, 2015. "The Influence of the Banking Sector Functions on Economic Activity in Macedonia," Scientific Annals of Economics and Business, Sciendo, vol. 62(2), pages 208-221, July.
    52. Anuar Sanusi & Faurani Santi Singagerda & Ahmad Zaharuddin Sani, 2021. "World Oil Price Shocks in Macroeconomic ASEAN +3 Countries: Measurement of Risk Management and Decision-making a Linear Dynamic Panel Approach," International Journal of Energy Economics and Policy, Econjournals, vol. 11(4), pages 75-83.
    53. Detzer, Daniel, 2019. "Financialization made in Germany: A review," IPE Working Papers 122/2019, Berlin School of Economics and Law, Institute for International Political Economy (IPE).
    54. Jon wongswan & Pipat Luengnaruemitchai & Watcharida Boonthaveepat, 2013. "Financial Development and Long-term Growth," Working Papers 2013-04, Monetary Policy Group, Bank of Thailand.
    55. Rosa Capolupo, 2018. "Finance, Investment and Growth: Evidence for Italy," Economic Notes, Banca Monte dei Paschi di Siena SpA, vol. 47(1), pages 145-186, February.
    56. Valerie Revest & Alessandro Sapio, 2016. "The creation function of a junior listing venue: An empirical test on the Alternative Investment Market," LEM Papers Series 2016/32, Laboratory of Economics and Management (LEM), Sant'Anna School of Advanced Studies, Pisa, Italy.
    57. Leonard Grebe & Dirk Schiereck, 2024. "Day-of-the-week effect: a meta-analysis," Eurasian Economic Review, Springer;Eurasia Business and Economics Society, vol. 14(4), pages 1057-1094, December.
    58. Paul Wachtel, 2017. "Credit Deepening: Precursor to growth or crisis?," Working Papers 17-04, New York University, Leonard N. Stern School of Business, Department of Economics.
    59. Marco Pagano & Sam Langfield & Viral V. Acharya & Arnoud Boot & Markus K. Brunnermeier & Claudia Buch & Martin F. Hellwig & André Sapir & Ieke van den Burg, 2014. "Is Europe Overbanked?," Report of the Advisory Scientific Committee 4, European Systemic Risk Board.
    60. Yabibal M. Walle, 2014. "Revisiting the Finance–Growth Nexus in Sub‐Saharan Africa: Results from Error Correction‐based Panel Cointegration Tests," African Development Review, African Development Bank, vol. 26(2), pages 310-321, June.
    61. Adnan, Noureen & Shahzad, Syed Jawad Hussain, 2014. "The European Financial System in Limelight," MPRA Paper 60152, University Library of Munich, Germany.
    62. Boris Cournède & Catherine L. Mann, 2018. "Growth and Inequality Effects of Decades of Financial Transformation in OECD Countries," Comparative Economic Studies, Palgrave Macmillan;Association for Comparative Economic Studies, vol. 60(1), pages 3-14, March.
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    3. Horii, Ryo, 2012. "Wants and past knowledge: Growth cycles with emerging industries," Journal of Economic Dynamics and Control, Elsevier, vol. 36(2), pages 220-238.
    4. Brianti, Marco & Gáti, Laura, 2023. "Information and communication technologies and medium-run fluctuations," Journal of Economic Dynamics and Control, Elsevier, vol. 156(C).
    5. Kariem Soliman, 2021. "Are Industrial Robots a new GPT? A Panel Study of Nine European Countries with Capital and Quality-adjusted Industrial Robots as Drivers of Labour Productivity Growth," EIIW Discussion paper disbei307, Universitätsbibliothek Wuppertal, University Library.
    6. Boyan Jovanovic, 2007. "Investment Options and the Business Cycle," NBER Working Papers 13307, National Bureau of Economic Research, Inc.
    7. Oschinski, Matthias, 2023. "Assessing the Impact of Artificial Intelligence on Germany's Labor Market: Insights from a ChatGPT Analysis," MPRA Paper 118300, University Library of Munich, Germany.
    8. Jacques Bughin & Nicolas van Zeebroeck, 2021. "The Entrepreneurial Returns to Incumbents’ Digital Transformation," Working Papers TIMES² 2021-048, ULB -- Universite Libre de Bruxelles.
    9. Santiago Caicedo & Robert E. Lucas Jr. & Esteban Rossi-Hansberg, 2019. "Learning, Career Paths, and the Distribution of Wages," American Economic Journal: Macroeconomics, American Economic Association, vol. 11(1), pages 49-88, January.
    10. Bart van Ark & Klaas de Vries & Abdul Erumban, 2020. "How to not miss a productivity revival once again?," National Institute of Economic and Social Research (NIESR) Discussion Papers 518, National Institute of Economic and Social Research.
    11. D.B. Audretsch & A.R. Thurik, 2010. "Unraveling the Shift to the Entrepreneurial Economy," Tinbergen Institute Discussion Papers 10-080/3, Tinbergen Institute, revised 02 Apr 2011.
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    13. Jalava, Jukka & Pohjola, Matti, 2008. "The roles of electricity and ICT in economic growth: Case Finland," Explorations in Economic History, Elsevier, vol. 45(3), pages 270-287, July.
    14. Björn Brey, 2021. "The Long-run Gains from the Early Adoption of Electricity," Working Papers ECARES 2021-23, ULB -- Universite Libre de Bruxelles.
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    16. Miroslav N. Jovanovic, 2011. "Globalisation: An Anatomy," Chapters, in: Miroslav N. Jovanović (ed.), International Handbook on the Economics of Integration, Volume I, chapter 11, Edward Elgar Publishing.
    17. Edquist, Harald, 2005. "Do hedonic price indexes change history? The case of electrification," SSE/EFI Working Paper Series in Economics and Finance 586, Stockholm School of Economics, revised 29 Apr 2005.
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    155. Javier G. Rodríguez Ruiz, 2019. "Adopción de Internet en México: Propuesta de un índice con base en Microdatos. (Internet Adoption in Mexico: Proposal of an Index based on Microdata)," Ensayos Revista de Economia, Universidad Autonoma de Nuevo Leon, Facultad de Economia, vol. 0(2), pages 135-182, November.
    156. Marc Bogdanowicz, 2015. "Digital Entrepreneurship Barriers and Drivers - The need for a specific measurement framework," JRC Research Reports JRC96465, Joint Research Centre.
    157. Ludwig Volker & Pfeiffer Friedhelm, 2006. "Abschreibungsraten allgemeiner und beruflicher Ausbildungsinhalte - empirische Evidenz auf Basis subjektiver Einschätzungen / Depreciation Rates of General and Vocational Training Capital - Evidence B," Journal of Economics and Statistics (Jahrbuecher fuer Nationaloekonomie und Statistik), De Gruyter, vol. 226(3), pages 260-284, June.
    158. Agrawal, Ajay & McHale, John & Oettl, Alexander, 2024. "Artificial intelligence and scientific discovery: a model of prioritized search," Research Policy, Elsevier, vol. 53(5).
    159. David Merrett & Simon Ville, 2011. "Tariffs, Subsidies, And Profits: A Re‐Assessment Of Structural Change In Australia 1901–39," Australian Economic History Review, Economic History Society of Australia and New Zealand, vol. 51(1), pages 46-70, March.
    160. James, M.J., 2007. "From origins to implications : Key aspects in the debate over the digital divide," Other publications TiSEM 268eb10c-e0af-4818-8ef9-7, Tilburg University, School of Economics and Management.
    161. Tilman Santarius & Johanna Pohl & Steffen Lange, 2020. "Digitalization and the Decoupling Debate: Can ICT Help to Reduce Environmental Impacts While the Economy Keeps Growing?," Sustainability, MDPI, vol. 12(18), pages 1-20, September.
    162. Nepelski, Daniel, 2010. "Competition and Innovation: ICT- and non-ICT-enabled Product and Process Innovations," MPRA Paper 26239, University Library of Munich, Germany.
    163. Jan Youtie & Maurizio Iacopetta & Stuart Graham, 2008. "Assessing the nature of nanotechnology: can we uncover an emerging general purpose technology?," The Journal of Technology Transfer, Springer, vol. 33(3), pages 315-329, June.
    164. Cerquera Dussán, Daniel, 2008. "ICT, Consulting and Innovative Capabilities," ZEW Discussion Papers 08-127, ZEW - Leibniz Centre for European Economic Research.
    165. Kroll, Henning & Berghäuser, Hendrik & Blind, Knut & Neuhäusler, Peter & Scheifele, Fabian & Thielmann, Axel & Wydra, Sven, 2022. "Schlüsseltechnologien," Studien zum deutschen Innovationssystem 7-2022, Expertenkommission Forschung und Innovation (EFI) - Commission of Experts for Research and Innovation, Berlin.
    166. Castelnovo, Paolo & Florio, Massimo & Forte, Stefano & Rossi, Lucio & Sirtori, Emanuela, 2018. "The economic impact of technological procurement for large-scale research infrastructures: Evidence from the Large Hadron Collider at CERN," Research Policy, Elsevier, vol. 47(9), pages 1853-1867.
    167. Sara Calligaris & Chiara Criscuolo & Luca Marcolin, 2024. "Mark-ups in the digital era," CEP Discussion Papers dp1994, Centre for Economic Performance, LSE.
    168. Ulrich Schmitt, 2021. "Reframing a Novel Decentralized Knowledge Management Concept as a Desirable Vision: As We May Realize the Memex," Sustainability, MDPI, vol. 13(7), pages 1-37, April.
    169. Sadowski, Bert & Nomaler, Onder & Whalley, Jason, 2016. "Technological Diversification of ICT companies into the Internet of things (IoT): A Patent -based Analysis," 27th European Regional ITS Conference, Cambridge (UK) 2016 148701, International Telecommunications Society (ITS).
    170. Marszk, Adam & Lechman, Ewa, 2019. "New technologies and diffusion of innovative financial products: Evidence on exchange-traded funds in selected emerging and developed economies," Journal of Macroeconomics, Elsevier, vol. 62(C).
    171. Koutroumpis, Pantelis & Leiponen, Aija & Thomas, Llewellyn D W, 2017. "Invention Machines: How Control Instruments and Information Technologies Drove Global Technologigal Progress over a Century of Invention," ETLA Working Papers 52, The Research Institute of the Finnish Economy.
    172. Iacobucci, Donato & Perugini, Francesco, 2023. "Innovation performance in traditional industries: Does proximity to universities matter," Technological Forecasting and Social Change, Elsevier, vol. 189(C).
    173. Benjamin David, 2014. "On the information and communication technologies - productivity nexus: a long-lasting adjustment period," EconomiX Working Papers 2014-60, University of Paris Nanterre, EconomiX.
    174. Beate Schirwitz, 2013. "Business Fluctuations, Job Flows and Trade Unions - Dynamics in the Economy," ifo Beiträge zur Wirtschaftsforschung, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, number 47.
    175. IKEDA Nobuo, 2003. "The Unbundling of Network Elements: Japan's Experience," Discussion papers 03023, Research Institute of Economy, Trade and Industry (RIETI).
    176. Amina Amirat & Makram Zaidi, 2020. "Estimating GDP Growth in Saudi Arabia Under the Government’s Vision 2030: a Knowledge-based Economy Approach," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 11(3), pages 1145-1170, September.
    177. Majumdar, Sumit K. & Chang, Hsihui, 2010. "Technology diffusion and firm performance: It pays to join the digital bandwagon!," Technology in Society, Elsevier, vol. 32(2), pages 100-109.
    178. Jean-Jacques Rosa & Julien Hanoteau, 2012. "The Shrinking Hand: Why Information Technology Leads to Smaller Firms," International Journal of the Economics of Business, Taylor & Francis Journals, vol. 19(2), pages 285-314, July.
    179. Lee, Yong Suk & Kim, Taekyun & Choi, Sukwoong & Kim, Wonjoon, 2022. "When does AI pay off? AI-adoption intensity, complementary investments, and R&D strategy," Technovation, Elsevier, vol. 118(C).
    180. Ruttan, Vernon W., 2008. "General Purpose Technology, Revolutionary Technology, and Technological Maturity," Staff Papers 6206, University of Minnesota, Department of Applied Economics.
    181. Melissa A. Schilling, 2015. "Technology Shocks, Technological Collaboration, and Innovation Outcomes," Organization Science, INFORMS, vol. 26(3), pages 668-686, June.
    182. Jan Eeckhout & Christoph Hedtrich & Roberto Pinheiro, 2019. "Automation, Spatial Sorting, and Job Polarization," 2019 Meeting Papers 581, Society for Economic Dynamics.
    183. Kenneth Carlaw & Richard Lipsey, 2011. "Sustained endogenous growth driven by structured and evolving general purpose technologies," Journal of Evolutionary Economics, Springer, vol. 21(4), pages 563-593, October.
    184. Chen, Jiyao & Shao, Diana & Fan, Shaokun, 2021. "Destabilization and consolidation: Conceptualizing, measuring, and validating the dual characteristics of technology," Research Policy, Elsevier, vol. 50(1).
    185. Simone Vannuccini & Ekaterina Prytkova, 2021. "Artificial Intelligence’s New Clothes? From General Purpose Technology to Large Technical System," SPRU Working Paper Series 2021-02, SPRU - Science Policy Research Unit, University of Sussex Business School.
    186. Christopher Colburn & Haiwen Zhou, 2022. "The partition of production between households and markets," International Studies of Economics, John Wiley & Sons, vol. 17(1), pages 21-35, June.
    187. Antonio Falato & Dalida Kadyrzhanova & Jae Sim & Roberto Steri, 2022. "Rising Intangible Capital, Shrinking Debt Capacity, and the U.S. Corporate Savings Glut," Journal of Finance, American Finance Association, vol. 77(5), pages 2799-2852, October.
    188. Hyunbae Chun & Jung-Wook Kim & Jason Lee & Randall Morck, 2004. "Patterns of Comovement: The Role of Information Technology in the U.S. Economy," NBER Working Papers 10937, National Bureau of Economic Research, Inc.
    189. Ronald Ravinesh Kumar & Peter Josef Stauvermann & Nikeel Kumar & Syed Jawad Hussain Shahzad, 2019. "Exploring the effect of ICT and tourism on economic growth: a study of Israel," Economic Change and Restructuring, Springer, vol. 52(3), pages 221-254, August.
    190. Dehghan Shabani, Zahra & Shahnazi, Rouhollah, 2019. "Energy consumption, carbon dioxide emissions, information and communications technology, and gross domestic product in Iranian economic sectors: A panel causality analysis," Energy, Elsevier, vol. 169(C), pages 1064-1078.
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  27. Boyan Jovanovic & Peter L. Rousseau, 2004. "Interest Rates and Initial Public Offerings," NBER Working Papers 10298, National Bureau of Economic Research, Inc.

    Cited by:

    1. Johann Burgstaller, 2009. "When and why do Austrian companies issue shares?," Empirica, Springer;Austrian Institute for Economic Research;Austrian Economic Association, vol. 36(3), pages 229-244, August.
    2. Óscar Gutiérrez, 2021. "Real options and the perverse effect of interest rates on investment timing," International Journal of Finance & Economics, John Wiley & Sons, Ltd., vol. 26(3), pages 3984-3996, July.
    3. Adra, Samer, 2021. "The conventional and informational impacts of monetary policy on the IPO market," Economics Letters, Elsevier, vol. 200(C).
    4. Eliana Angelini & Matteo Foglia, 2018. "The Relationship Between IPO and Macroeconomics Factors: an Empirical Analysis from UK Market," Annals of Economics and Finance, Society for AEF, vol. 19(1), pages 319-336, May.
    5. Gutiérrez, Óscar, 2020. "On the definition of the investment-uncertainty relationship," Journal of Economics and Business, Elsevier, vol. 112(C).
    6. Raj Chetty, 2004. "Interest Rates and Backward-Bending Investment," NBER Working Papers 10354, National Bureau of Economic Research, Inc.
    7. Kropp, Jaclyn D. & Power, Gabriel J., 2016. "Asset fixity and backward-bending investment demand functions," Research in International Business and Finance, Elsevier, vol. 38(C), pages 151-160.

  28. Peter L. Rousseau, 2004. "A Common Currency: Early U.S. Monetary Policy and the Transition to the Dollar," NBER Working Papers 10702, National Bureau of Economic Research, Inc.

    Cited by:

    1. Grubb, Farley, 2004. "The circulating medium of exchange in colonial Pennsylvania, 1729-1775: new estimates of monetary composition, performance, and economic growth," Explorations in Economic History, Elsevier, vol. 41(4), pages 329-360, October.
    2. Ronald W. Michener & Robert E. Wright, 2006. "Miscounting Money of Colonial America," Econ Journal Watch, Econ Journal Watch, vol. 3(1), pages 4-44, January.
    3. Farley W. Grubb, 2005. "State "Currencies" and the Transition to the U.S. Dollar: Reply—Including a New View from Canada," American Economic Review, American Economic Association, vol. 95(4), pages 1341-1348, September.

  29. Boyan Jovanovic & Peter L. Rousseau, 2002. "Mergers as Reallocation," NBER Working Papers 9279, National Bureau of Economic Research, Inc.

    Cited by:

    1. Caleb Stroup & Peter L. Rousseau, 2013. "Director Histories and the Pattern of Acquisitions," Working Papers 13-03, Davidson College, Department of Economics.
    2. Toxvaerd, Flavio, 2008. "Strategic merger waves: A theory of musical chairs," Journal of Economic Theory, Elsevier, vol. 140(1), pages 1-26, May.
    3. Son, Sung Hyun & Kim, Young-Han, 2024. "Does cross-border M&A improve merging firms’ domestic performances?," Journal of Asian Economics, Elsevier, vol. 90(C).
    4. Diego Useche & Sophie Pommet, 2021. "Where do we go? VC firm heterogeneity and the exit routes of newly listed high-tech firms," Small Business Economics, Springer, vol. 57(3), pages 1339-1359, October.
    5. Tekin-Koru, Ayça, 2012. "Asymmetric effects of trade costs on entry modes: Firm level evidence," European Economic Review, Elsevier, vol. 56(2), pages 277-294.
    6. John G. Fernald & Shanthi Ramnath, 2004. "The acceleration in U.S. total productivity after 1995: the role of information technology," Economic Perspectives, Federal Reserve Bank of Chicago, vol. 28(Q I), pages 52-67.
    7. Frey, Rainer & Hussinger, Katrin, 2006. "The Role of Technology in M&As: A Firm Level Comparison of Cross-Border and Domestic Deals," ZEW Discussion Papers 06-069, ZEW - Leibniz Centre for European Economic Research.
    8. Breinlich, Holger, 2006. "Trade Liberalization and Industrial Restructuring through Mergers and Acquisitions," Economics Discussion Papers 2717, University of Essex, Department of Economics.
    9. Andrea Caggese & Ander Pérez-Orive, 2018. "Capital misallocation and secular stagnation," Economics Working Papers 1637, Department of Economics and Business, Universitat Pompeu Fabra, revised Feb 2019.
    10. Elena Cefis & Cristina Bettinelli & Alex Coad & Orietta Marsili, 2022. "Understanding firm exit: a systematic literature review," Small Business Economics, Springer, vol. 59(2), pages 423-446, August.
    11. Boyan Jovanovic, 2009. "When should firms invest in old capital?," International Journal of Economic Theory, The International Society for Economic Theory, vol. 5(1), pages 107-123, March.
    12. Mano, Yukichi & 真野, 裕吉 & Suzuki, Aya & 鈴木, 綾, 2013. "Industrial Development through Takeovers and Exits: the Case of the Cut Flower Exporters in Ethiopia," Discussion Papers 2013-05, Graduate School of Economics, Hitotsubashi University.
    13. Stephen N. Jurich & M. Mark Walker, 2021. "Deal motivations and bargaining power: do executives show their hand in SEC filings?," SN Business & Economics, Springer, vol. 1(4), pages 1-28, April.
    14. Minjung Park & Robert Town, 2014. "Industry Shock Expectations, Interindustry Linkages, and Merger Waves: Evidence from the Hospital Industry," Journal of Economics & Management Strategy, Wiley Blackwell, vol. 23(3), pages 548-567, September.
    15. Lihong Han & Peter L. Rousseau, 2009. "Technology Shocks, Q, and the Propensity to Merge," Vanderbilt University Department of Economics Working Papers 0914, Vanderbilt University Department of Economics.
    16. Gugler, Klaus & Mueller, Dennis C. & Weichselbaumer, Michael, 2012. "The determinants of merger waves: An international perspective," International Journal of Industrial Organization, Elsevier, vol. 30(1), pages 1-15.
    17. Stiebale, Joel, 2016. "Cross-border M&As and innovative activity of acquiring and target firms," Journal of International Economics, Elsevier, vol. 99(C), pages 1-15.
    18. Laitner, John & Stolyarov, Dmitriy, 2004. "Aggregate returns to scale and embodied technical change: theory and measurement using stock market data," Journal of Monetary Economics, Elsevier, vol. 51(1), pages 191-233, January.
    19. Susanto Basu & John G. Fernald & Nicholas Oulton & Sylaja Srinivasan, 2003. "The case of the missing productivity growth: or, does information technology explain why productivity accelerated in the United States but not the United Kingdom?," Working Paper Series WP-03-08, Federal Reserve Bank of Chicago.
    20. Franco, Chiara & Marin, Giovanni & Pietrovito, Filomena, 2022. "Exposure to FDI and attitudes towards multinational enterprises: do M&A impact?," Economics & Statistics Discussion Papers esdp22085, University of Molise, Department of Economics.
    21. Huang, Jingong & Xie, Taojun, 2023. "Technology centrality, bilateral knowledge spillovers and mergers and acquisitions," Journal of Corporate Finance, Elsevier, vol. 79(C).
    22. Carlos J. Serrano, 2010. "The dynamics of the transfer and renewal of patents," RAND Journal of Economics, RAND Corporation, vol. 41(4), pages 686-708, December.
    23. Guopei Fang & Holger Görg & Aoife Hanley & Haiou Mao, 2022. "Foreign Divestment – Crisis or Chance for China's Innovation Edge?," China & World Economy, Institute of World Economics and Politics, Chinese Academy of Social Sciences, vol. 30(6), pages 1-33, November.
    24. Lubos Pastor & Pietro Veronesi, 2003. "Stock Prices and IPO Waves," NBER Working Papers 9858, National Bureau of Economic Research, Inc.
    25. Jackie M. L. Chan & Han (Steffan) Qi, 2024. "Online Appendix to "Mergers, Firm Size, and Volatility in a Granular Economy"," Online Appendices 23-27, Review of Economic Dynamics.
    26. Joel Stiebale & Michaela Trax, 2011. "The effects of cross‐border M&As on the acquirers’ domestic performance: firm‐level evidence," Canadian Journal of Economics/Revue canadienne d'économique, John Wiley & Sons, vol. 44(3), pages 957-990, August.
    27. Ginger Zhe Jin & Mario Leccese & Liad Wagman, 2023. "M&A and Technological Expansion," NBER Working Papers 31126, National Bureau of Economic Research, Inc.
    28. Nguyen, Nam H. & Phan, Hieu V. & Simpson, Thuy, 2020. "Political corruption and mergers and acquisitions," Journal of Corporate Finance, Elsevier, vol. 65(C).
    29. Ragnhild Balsvik & Stefanie A. Haller, 2020. "Worker–Plant Matching and Ownership Change," Scandinavian Journal of Economics, Wiley Blackwell, vol. 122(4), pages 1286-1314, October.
    30. Adrian Peralta-Alva, 2007. "THE INFORMATION TECHNOLOGY REVOLUTION AND THE PUZZLING TRENDS IN TOBIN'S AVERAGE "q"," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 48(3), pages 929-951, August.
    31. Ulrich Erxleben & Dirk Schiereck, 2015. "Wealth creation of mergers in downturn markets," Journal of Management Control: Zeitschrift für Planung und Unternehmenssteuerung, Springer, vol. 26(4), pages 317-345, October.
    32. Stiebale, Joel, 2013. "The impact of cross-border mergers and acquisitions on the acquirers' R & D Firm-level evidence," EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, vol. 31(4), pages 307-321.
    33. Martynova, M. & Renneboog, L.D.R., 2005. "Takeover Waves : Triggers, Performance and Motives," Other publications TiSEM ed134639-33ef-4720-9935-e, Tilburg University, School of Economics and Management.
    34. Volker Nocke & Michael D. Whinston, 2008. "Dynamic Merger Review," NBER Working Papers 14526, National Bureau of Economic Research, Inc.
    35. De Santis, Roberto A. & Coeurdacier, Nicolas & Aviat, Antonin, 2009. "Cross-Border Mergers and acquisitions: Financial and institutional forces," Working Paper Series 1018, European Central Bank.
    36. Sven‐Olof Fridolfsson & Johan Stennek, 2010. "Industry Concentration and Welfare: On the Use of Stock Market Evidence from Horizontal Mergers," Economica, London School of Economics and Political Science, vol. 77(308), pages 734-750, October.
    37. Levine, Oliver, 2017. "Acquiring growth," Journal of Financial Economics, Elsevier, vol. 126(2), pages 300-319.
    38. Neary, Peter, 2004. "Cross-Border Mergers as Instruments of Comparative Advantage," CEPR Discussion Papers 4325, C.E.P.R. Discussion Papers.
    39. Susanto Basu & John G. Fernald & Nicholas Oulton & Sylaja Srinivasan, 2003. "The Case of the Missing Productivity Growth: Or, Does Information Technology Explain why Productivity Accelerated in the US but not the UK?," NBER Working Papers 10010, National Bureau of Economic Research, Inc.
    40. Berg, Aron, 2017. "Misvaluation and Financial Constraints: Method of Payment and Buyer Identity in Mergers & Acquisitions," Working Paper Series 1157, Research Institute of Industrial Economics.
    41. Peter L. Rousseau & Boyan Jovanovic, 2004. "General Purpose Technologies," 2004 Meeting Papers 103, Society for Economic Dynamics.
    42. Eliasson, Gunnar & Johansson, Dan & Taymaz, Erol, 2005. "Firm Tunrover and the Rate of Macroeconomic Growth - Simulating the Macroeconomic Effects of Schumpeterian Creative Destruction," Ratio Working Papers 66, The Ratio Institute.
    43. Todtenhaupt, Maximilian & Voget, Johannes, 2018. "International Taxation and Productivity Effects of M&As," VfS Annual Conference 2018 (Freiburg, Breisgau): Digital Economy 181548, Verein für Socialpolitik / German Economic Association.
    44. Liu, Qi & Sun, Xian & Wu, Hong, 2019. "Premier advisory services for VIP acquirers," Journal of Corporate Finance, Elsevier, vol. 54(C), pages 1-25.
    45. Donald S. Siegel & Kenneth L. Simons & Tomas Lindstrom, 2009. "Ownership Change, Productivity, and Human Capital: New Evidence from Matched Employer-Employee Data," NBER Chapters, in: Producer Dynamics: New Evidence from Micro Data, pages 397-442, National Bureau of Economic Research, Inc.
    46. Diego Useche & Ernest Miguelez & Francesco Lissoni, 2020. "Highly skilled and well connected: Migrant inventors in cross-border M&As," Post-Print hal-03097926, HAL.
    47. Boyan Jovanovic, 2002. "EconomicDynamics Interviews Boyan Jovanovic on Technology Adoption," EconomicDynamics Newsletter, Review of Economic Dynamics, vol. 4(1), November.
    48. Stiebale, Joel & Vencappa, Dev, 2017. "Acquisitions, Markups, Efficiency, and Product Quality: Evidence from India," VfS Annual Conference 2017 (Vienna): Alternative Structures for Money and Banking 168238, Verein für Socialpolitik / German Economic Association.
    49. Eliasson, Gunnar & Eliasson, Åsa, 2004. "The Theory of the Firm and the Markets for Strategic Acquisitions," Ratio Working Papers 44, The Ratio Institute.
    50. Missaka Warusawitharana, 2012. "Profitability and the lifecycle of firms," Finance and Economics Discussion Series 2012-63, Board of Governors of the Federal Reserve System (U.S.).
    51. Caleb Stroup, 2014. "International Deal Experience and Cross-Border Acquisitions," Working Papers 14-13, Davidson College, Department of Economics.
    52. Knesl, Jiří, 2023. "Automation and the displacement of labor by capital: Asset pricing theory and empirical evidence," Journal of Financial Economics, Elsevier, vol. 147(2), pages 271-296.
    53. Stiebale, Joel, 2012. "Cross-Border M&A and Innovative Activity: Firm-Level Evidence," VfS Annual Conference 2012 (Goettingen): New Approaches and Challenges for the Labor Market of the 21st Century 62027, Verein für Socialpolitik / German Economic Association.
    54. Maximilian Todtenhaupt & Johannes Voget, 2021. "International Taxation and Productivity Effects of M&As," CESifo Working Paper Series 8967, CESifo.
    55. Dennis L. Gärtner & Daniel Halbheer, 2008. "Are There Waves in Merger Activity After All?," Working Papers 0092, University of Zurich, Institute for Strategy and Business Economics (ISU).
    56. Martynova, Marina & Renneboog, Luc, 2008. "A century of corporate takeovers: What have we learned and where do we stand?," Journal of Banking & Finance, Elsevier, vol. 32(10), pages 2148-2177, October.
    57. Hiroyuki Taguchi & Taichi Yanagawa, 2013. "The dynamic impacts of M&A on employment in Japan," Journal of Management & Governance, Springer;Accademia Italiana di Economia Aziendale (AIDEA), vol. 17(2), pages 511-533, May.
    58. Stiebale, Joel, 2010. "The Impact of Foreign Acquisitions on the Investors' R&D Activities – Firm-level Evidence," Ruhr Economic Papers 161, RWI - Leibniz-Institut für Wirtschaftsforschung, Ruhr-University Bochum, TU Dortmund University, University of Duisburg-Essen.
    59. Mr. Gianni De Nicolo & Ms. Mary G Zephirin & Philip F. Bartholomew & Ms. Jahanara Zaman, 2003. "Bank Consolidation, Internationalization, and Conglomeration: Trends and Implications for Financial Risk," IMF Working Papers 2003/158, International Monetary Fund.
    60. Todtenhaupt, Maximilian & Voget, Johannes, 2021. "International taxation and productivity effects of M&As," Journal of International Economics, Elsevier, vol. 131(C).
    61. Gary Benedetto & John Haltiwanger & Julia Lane & Kevin McKinney, 2003. "Using Worker Flows in the Analysis of the Firm," Longitudinal Employer-Household Dynamics Technical Papers 2003-09, Center for Economic Studies, U.S. Census Bureau, revised May 2004.
    62. HOSONO Kaoru & TAKIZAWA Miho & TSURU Kotaro, 2009. "Mergers, Innovation, and Productivity: Evidence from Japanese manufacturing firms," Discussion papers 09017, Research Institute of Economy, Trade and Industry (RIETI).
    63. Sholomitskaya, Elena (Шоломицкая, Елена), 2017. "New Capital Investment vs. M&A: Evidence from Russian Public Corporates [Инвестиции В Новый Капитал И Сделки Поглощений: Случай Российских Публичных Корпораций]," Ekonomicheskaya Politika / Economic Policy, Russian Presidential Academy of National Economy and Public Administration, vol. 1, pages 226-249, February.
    64. Thorburn, Karin S & Eckbo, B Espen & Makaew, Tanakorn, 2017. "Are stock- financed takeovers opportunistic?," CEPR Discussion Papers 11974, C.E.P.R. Discussion Papers.
    65. Zheng Song & Kaiji Chen, 2007. "Capital Reallocation, Productivity, and Expectation-Driven Business Cycles," 2007 Meeting Papers 512, Society for Economic Dynamics.
    66. Debarati Bhattacharya & Wei-Hsien Li, 2020. "Wealth effects of relative firm value in M&A deals: reallocation of physical versus intangible assets," Review of Quantitative Finance and Accounting, Springer, vol. 55(4), pages 1513-1548, November.
    67. Stiebale, Joel & Reize, Frank, 2011. "The impact of FDI through mergers and acquisitions on innovation in target firms," International Journal of Industrial Organization, Elsevier, vol. 29(2), pages 155-167, March.
    68. Martynova, M., 2006. "The market for corporate control and corporate governance regulation in Europe," Other publications TiSEM 8651e281-4914-41f2-ac14-1, Tilburg University, School of Economics and Management.
    69. Eckbo, B. Espen, 2009. "Bidding strategies and takeover premiums: A review," Journal of Corporate Finance, Elsevier, vol. 15(1), pages 149-178, February.
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    7. Todtenhaupt, Maximilian & Voget, Johannes & Feld, Lars P. & Ruf, Martin & Schreiber, Ulrich, 2020. "Taxing away M&A: Capital gains taxation and acquisition activity," Munich Reprints in Economics 84733, University of Munich, Department of Economics.
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    140. Liu Yang, 2008. "The Real Determinants of Asset Sales," Journal of Finance, American Finance Association, vol. 63(5), pages 2231-2262, October.
    141. Abdullah Mamun & Dev Mishra, 2012. "Industry Merger Intensity and Cost of Capital," International Review of Finance, International Review of Finance Ltd., vol. 12(4), pages 469-490, December.
    142. Seung Hee Choi & Bang Nam Jeon, 2011. "The impact of the macroeconomic environment on merger activity: evidence from US time-series data," Applied Financial Economics, Taylor & Francis Journals, vol. 21(4), pages 233-249.
    143. A. Bhattacharjee & C. Higson & S. Holly & P. Kattuman, 2009. "Macroeconomic Instability and Business Exit: Determinants of Failures and Acquisitions of UK Firms," Economica, London School of Economics and Political Science, vol. 76(301), pages 108-131, February.
    144. Theodosios Dimopoulos & Stefano Sacchetto, 2014. "Merger Activity in Industry Equilibrium," GSIA Working Papers 2012-E47, Carnegie Mellon University, Tepper School of Business.
    145. Meng, Bo & Vijh, Anand M., 2021. "Stock merger activity and industry performance," Journal of Banking & Finance, Elsevier, vol. 129(C).
    146. Mr. Gianni De Nicolo & Ms. Mary G Zephirin & Philip F. Bartholomew & Ms. Jahanara Zaman, 2003. "Bank Consolidation, Internationalization, and Conglomeration: Trends and Implications for Financial Risk," IMF Working Papers 2003/158, International Monetary Fund.
    147. Ronan Powell & Alfred Yawson, 2012. "Internal Restructuring and Firm Survival," International Review of Finance, International Review of Finance Ltd., vol. 12(4), pages 435-467, December.
    148. Madura, Jeff & Ngo, Thanh & Viale, Ariel M., 2012. "Why do merger premiums vary across industries and over time?," The Quarterly Review of Economics and Finance, Elsevier, vol. 52(1), pages 49-62.
    149. Baker, Malcolm & Pan, Xin & Wurgler, Jeffrey, 2012. "The effect of reference point prices on mergers and acquisitions," Journal of Financial Economics, Elsevier, vol. 106(1), pages 49-71.
    150. James Foreman-Peck & Tom Nicholls, 2015. "Inter-regional mobility of entrepreneurial SMEs," The Annals of Regional Science, Springer;Western Regional Science Association, vol. 54(1), pages 57-87, January.
    151. Akdogu, Evrim & Aktas, Nihat & Simsir, Serif Aziz, 2021. "The effect of unionization on industry merger activity around negative economy-wide shocks," International Review of Financial Analysis, Elsevier, vol. 76(C).
    152. James Foreman-Peck & Tom Nicholls, 2013. "SME takeovers as a contributor to regional productivity gaps," Small Business Economics, Springer, vol. 41(2), pages 359-378, August.
    153. Bakke, Tor-Erik & Gu, Tiantian, 2017. "Diversification and cash dynamics," Journal of Financial Economics, Elsevier, vol. 123(3), pages 580-601.
    154. Gregory JACKSON & MIYAJIMA Hideaki, 2007. "Varieties of Capitalism, Varieties of Markets: Mergers and Acquisitions in Japan, Germany, France, the UK and USA," Discussion papers 07054, Research Institute of Economy, Trade and Industry (RIETI).
    155. Foreman-Peck, James & Nicholls, Tom, 2008. "Peripherality and the Impact of SME Takeovers," Cardiff Economics Working Papers E2008/9, Cardiff University, Cardiff Business School, Economics Section, revised Jul 2012.
    156. Balasubramaniam, Swaminathan & Gomes, Armando & Lee, SangMok, 2024. "Mergers and acquisitions with private equity intermediation," Journal of Corporate Finance, Elsevier, vol. 87(C).
    157. Kastrinaki, Zafeira & Stoneman, Paul, 2012. "The drivers of merger waves," Economics Letters, Elsevier, vol. 117(2), pages 493-495.
    158. Bauer, Florian & King, David & Matzler, Kurt, 2016. "Speed of acquisition integration: Separating the role of human and task integration," Scandinavian Journal of Management, Elsevier, vol. 32(3), pages 150-165.
    159. Malcolm Baker & Richard S. Ruback & Jeffrey Wurgler, 2004. "Behavioral Corporate Finance: A Survey," NBER Working Papers 10863, National Bureau of Economic Research, Inc.
    160. Mahdiyeh Entezarkheir & Saeed Moshiri, 2019. "Is innovation a factor in merger decisions? Evidence from a panel of US firms," Empirical Economics, Springer, vol. 57(5), pages 1783-1809, November.
    161. E. Diecidue & J. van de Ven & U. Weitzel, 2008. "Shareholders’ expectations, aspiration levels, and mergers," Working Papers 08-06, Utrecht School of Economics.
    162. Rousseau, Peter L., 2004. "Comment on "Aggregate returns to scale and embodied technical change: theory and measurement using stock market data"," Journal of Monetary Economics, Elsevier, vol. 51(1), pages 235-240, January.
    163. Sholomitskaya, Elena (Шоломицкая, Елена), 2017. "New Capital Investment vs. M&A: Evidence from Russian Public Corporates [Инвестиции В Новый Капитал И Сделки Поглощений: Случай Российских Публичных Корпораций]," Ekonomicheskaya Politika / Economic Policy, Russian Presidential Academy of National Economy and Public Administration, vol. 1, pages 226-249, February.
    164. Thorburn, Karin S & Eckbo, B Espen & Makaew, Tanakorn, 2017. "Are stock- financed takeovers opportunistic?," CEPR Discussion Papers 11974, C.E.P.R. Discussion Papers.
    165. Aradillas-Lopez, Andres, 2010. "Semiparametric estimation of a simultaneous game with incomplete information," Journal of Econometrics, Elsevier, vol. 157(2), pages 409-431, August.
    166. Damiani, Mirella & Pompei, Fabrizio, 2008. "Mergers, acquisitions and technological regimes: the European experience over the period 2002- 2005," MPRA Paper 8226, University Library of Munich, Germany.
    167. James Bergin & Dan Bernhardt, 2006. "Industry Dynamics With Stochastic Demand," Working Paper 1043, Economics Department, Queen's University.
    168. Swaminathan Balasubramaniam & Armando Gomes & SangMok Lee, 2019. "Mergers and Acquisitions with Private Equity Intermediation," 2019 Meeting Papers 1121, Society for Economic Dynamics.
    169. Pavel Ševčík, 2017. "Do Multi-Plant Firms Reduce Misallocation? Evidence from Canadian Manufacturing," Journal of Industrial Economics, Wiley Blackwell, vol. 65(2), pages 275-308, June.
    170. Debarati Bhattacharya & Wei-Hsien Li, 2020. "Wealth effects of relative firm value in M&A deals: reallocation of physical versus intangible assets," Review of Quantitative Finance and Accounting, Springer, vol. 55(4), pages 1513-1548, November.
    171. Boone, Audra & Uysal, Vahap B., 2020. "Reputational concerns in the market for corporate control," Journal of Corporate Finance, Elsevier, vol. 61(C).
    172. Habib, Michel A. & Mella-Barral, Pierre, 2013. "Skills, core capabilities, and the choice between merging, allying, and trading assets," Journal of Mathematical Economics, Elsevier, vol. 49(1), pages 31-48.
    173. Ismail, Ahmad & Mavis, Christos P., 2022. "A new method for measuring CEO overconfidence: Evidence from acquisitions," International Review of Financial Analysis, Elsevier, vol. 79(C).
    174. Zivanemoyo Chinzara & Radhika Lahiri & En Te Chen, 2017. "Financial liberalization and sectoral reallocation of capital in South Africa," Empirical Economics, Springer, vol. 52(1), pages 309-356, February.
    175. Stiebale, Joel & Reize, Frank, 2011. "The impact of FDI through mergers and acquisitions on innovation in target firms," International Journal of Industrial Organization, Elsevier, vol. 29(2), pages 155-167, March.
    176. Namvar, Ethan & Phillips, Blake, 2013. "Commonalities in investment strategy and the determinants of performance in mutual fund mergers," Journal of Banking & Finance, Elsevier, vol. 37(2), pages 625-635.
    177. Hege, Ulrich & Zhang, Yifei, 2022. "Activism Waves and the Market for Corporate Assets," TSE Working Papers 22-1397, Toulouse School of Economics (TSE).
    178. Delis, Manthos D. & Iosifidi, Maria & Kazakis, Pantelis & Ongena, Steven & Tsionas, Mike G., 2022. "Management practices and M&A success," Journal of Banking & Finance, Elsevier, vol. 134(C).
    179. Furfine, Craig H. & Rosen, Richard J., 2011. "Mergers increase default risk," Journal of Corporate Finance, Elsevier, vol. 17(4), pages 832-849, September.
    180. Warusawitharana, Missaka, 2008. "Corporate asset purchases and sales: Theory and evidence," Journal of Financial Economics, Elsevier, vol. 87(2), pages 471-497, February.
    181. Massimo FLORIO & Matteo FERRARIS & Daniela VANDONE, 2018. "State-Owned Enterprises: Rationales for Mergers and Acquisitions," CIRIEC Working Papers 1801, CIRIEC - Université de Liège.
    182. Francesco Saverio Stentella Lopes & Franco Fiordelisi & Ornella Ricci, 2019. "Corporate Culture and Merger Success," Working Papers 19013, Bangor Business School, Prifysgol Bangor University (Cymru / Wales).
    183. Bhattacharjee, Arnab & Han, Jie, 2014. "Financial distress of Chinese firms: Microeconomic, macroeconomic and institutional influences," China Economic Review, Elsevier, vol. 30(C), pages 244-262.
    184. Bilei Zhou & Jie (Michael) Guo & Jun Hua & Angelos J. Doukas, 2015. "Does State Ownership Drive M&A Performance? Evidence from China," European Financial Management, European Financial Management Association, vol. 21(1), pages 79-105, January.
    185. Coublucq, Daniel, 2013. "Demand estimation with selection bias: A dynamic game approach with an application to the US railroad industry," DICE Discussion Papers 94, Heinrich Heine University Düsseldorf, Düsseldorf Institute for Competition Economics (DICE).
    186. Mahdiyeh Entezarkheir & Saeed Moshiri, 2021. "Innovation spillover and merger decisions," Empirical Economics, Springer, vol. 61(5), pages 2419-2448, November.
    187. Klaus Gugler & Dennis C. Mueller & B. Burçin Yurtoglu, 2006. "The Determinants of Merger Waves," CIG Working Papers SP II 2006-01, Wissenschaftszentrum Berlin (WZB), Research Unit: Competition and Innovation (CIG).
    188. Ralph Sonenshine, 2020. "Merger waves: are buyers following the herd or responding to structural queues?," Eurasian Business Review, Springer;Eurasia Business and Economics Society, vol. 10(2), pages 287-308, June.
    189. Chen, Jiakai & Kim, Joon Ho & Rhee, S. Ghon, 2021. "Do low search costs facilitate like-buys-like mergers? Evidence from common bank networks1," Journal of Financial Economics, Elsevier, vol. 140(2), pages 484-513.
    190. Boubakri, Narjess & Cosset, Jean-Claude & Mishra, Dev & Somé, Hyacinthe Y., 2023. "The value of risk-taking in mergers: Role of ownership and country legal institutions," Journal of Empirical Finance, Elsevier, vol. 70(C), pages 427-444.
    191. Pehr-Johan Norbäck & Lars Persson & Joacim Tag, 2013. "Buying to Sell: Private Equity Buyouts and Industrial Restructuring," CESifo Working Paper Series 4338, CESifo.
    192. Shutao Cao, 2008. "A Model of Costly Capital Reallocation and Aggregate Productivity," Staff Working Papers 08-38, Bank of Canada.
    193. Srdan Komlenovic & Abdullah Mamun & Dev Mishra, 2011. "Business cycle and aggregate industry mergers," Journal of Economics and Finance, Springer;Academy of Economics and Finance, vol. 35(3), pages 239-259, July.
    194. Chen, J. & Elliott, M. & Koh, A., 2020. "Capability Accumulation and Conglomeratization in the Information Age," Cambridge Working Papers in Economics 2069, Faculty of Economics, University of Cambridge.
    195. Masulis, Ronald W. & Reza, Syed Walid & Guo, Rong, 2023. "The sources of value creation in acquisitions of intangible assets," Journal of Banking & Finance, Elsevier, vol. 154(C).
    196. Powell, Ronan & Yawson, Alfred, 2005. "Industry aspects of takeovers and divestitures: Evidence from the UK," Journal of Banking & Finance, Elsevier, vol. 29(12), pages 3015-3040, December.
    197. Ouyang, Wenjing & Szewczyk, Samuel H., 2016. "Do managers learn from the market? Firm level evidence in merger investment," Finance Research Letters, Elsevier, vol. 19(C), pages 139-145.
    198. Heater, John C. & Nallareddy, Suresh & Venkatachalam, Mohan, 2021. "Aggregate accruals and market returns: The role of aggregate M&A activity," Journal of Accounting and Economics, Elsevier, vol. 72(2).
    199. Surendranath Jory & Thanh Ngo & Jurica Susnjara, 2020. "Stock mergers and acquirers’ subsequent stock price crash risk," Review of Quantitative Finance and Accounting, Springer, vol. 54(1), pages 359-387, January.
    200. Keller, Wolfgang & Yeaple, Stephen, 2003. "Multinational Enterprises, International Trade and Productivity Growth: Firm-Level Evidence from the US," CEPR Discussion Papers 3805, C.E.P.R. Discussion Papers.
    201. Lübbers, Thorsten, 2008. "Shareholder value mining: Wealth effects of takeovers in German coal mining, 1896-1913," Explorations in Economic History, Elsevier, vol. 45(4), pages 462-476, September.
    202. Frattaroli, Marc, 2020. "Does protectionist anti-takeover legislation lead to managerial entrenchment?," Journal of Financial Economics, Elsevier, vol. 136(1), pages 106-136.

  31. Peter L. Rousseau, 2002. "Historical Perspectives on Financial Development and Economic Growth," NBER Working Papers 9333, National Bureau of Economic Research, Inc.

    Cited by:

    1. Ogren, Anders, 2006. "Free or central banking? Liquidity and financial deepening in Sweden, 1834-1913," Explorations in Economic History, Elsevier, vol. 43(1), pages 64-93, January.
    2. Ho, Chun-Yu, 2012. "Market structure, welfare, and banking reform in China," Journal of Comparative Economics, Elsevier, vol. 40(2), pages 291-313.
    3. Samad, Fadillah & Masih, Mansur, 2016. "Lead-lag relationship between domestic credit and economic growth: the case of Singapore," MPRA Paper 107380, University Library of Munich, Germany.
    4. Svetlana Andrianova & Panicaos Demetriades & Chenggang Xu, 2008. "Political Economy Origins of Financial Markets in Europe and Asia," WEF Working Papers 0034, ESRC World Economy and Finance Research Programme, Birkbeck, University of London.
    5. Arvind Ashta & Isabelle Demay & Mawuli Couchoro, 2016. "The Role of Stakeholders in the Historical Evolution of Microfinance in Togo," Economic History of Developing Regions, Taylor & Francis Journals, vol. 31(2-3), pages 303-344, September.
    6. Ager, Philipp & Spargoli, Fabrizio, 2013. "Bank Deregulation, Competition and Economic Growth: The US Free Banking Experience," MPRA Paper 49269, University Library of Munich, Germany.
    7. Paul Wachtel, 2003. "How much do we really know about growth and finance?," Economic Review, Federal Reserve Bank of Atlanta, vol. 88(Q1), pages 33-47.
    8. Larry Neal, 2006. "The London Stock Exchange in the 19th Century: Ownership Structures, Growth and Performance," Working Papers 115, Oesterreichische Nationalbank (Austrian Central Bank).
    9. Emmanuel Carré & Guillaume L'Oeillet, 2018. "The Literature on the Finance–Growth Nexus in the Aftermath of the Financial Crisis: A Review," Post-Print halshs-01746069, HAL.
    10. Rousseau, Peter L. & Sylla, Richard, 2005. "Emerging financial markets and early US growth," Explorations in Economic History, Elsevier, vol. 42(1), pages 1-26, January.
    11. Neal, Larry & White, Eugene N., 2012. "The Glass–Steagall Act in historical perspective," The Quarterly Review of Economics and Finance, Elsevier, vol. 52(2), pages 104-113.
    12. Stavarek, Daniel & Repkova, Iveta & Gajdosova, Katarina, 2011. "Theory of financial integration and achievements in the European Union," MPRA Paper 34393, University Library of Munich, Germany.
    13. Allen, Franklin, et al., 2010. "How Important Historically Were Financial Systems for Growth in the U.K., U.S., Germany, and Japan?," Working Papers 10-27, University of Pennsylvania, Wharton School, Weiss Center.
    14. Mohammad Enamul Hoque & Noor Azuddin Yakob, 2017. "Revisiting stock market development and economic growth nexus: The moderating role of foreign capital inflows and exchange rates," Cogent Economics & Finance, Taylor & Francis Journals, vol. 5(1), pages 1329975-132, January.
    15. Paul Lagneau-Ymonet & Angelo Riva, 2018. "Trading forward: The Paris Bourse in the nineteenth century," PSE-Ecole d'économie de Paris (Postprint) halshs-01630655, HAL.
    16. Ann M. Carlos & Larry Neal, 2006. "The micro‐foundations of the early London capital market: Bank of England shareholders during and after the South Sea Bubble, 1720–251," Economic History Review, Economic History Society, vol. 59(3), pages 498-538, August.
    17. Bordo, Michael D. & Rousseau, Peter L., 2006. "Legal-political factors and the historical evolution of the finance-growth link," European Review of Economic History, Cambridge University Press, vol. 10(3), pages 421-444, December.
    18. Ang, James B. & McKibbin, Warwick J., 2007. "Financial liberalization, financial sector development and growth: Evidence from Malaysia," Journal of Development Economics, Elsevier, vol. 84(1), pages 215-233, September.
    19. Helmut Herwartz & Jan Roestel, 2011. "Convergence of Real Capital Market Interest Rates—Evidence from Inflation Indexed Bonds," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 43(7), pages 1523-1541, October.
    20. Rousseau, Peter L. & Sylla, Richard, 2006. "Financial revolutions and economic growth: Introducing this EEH symposium," Explorations in Economic History, Elsevier, vol. 43(1), pages 1-12, January.
    21. Zohreh Shirani Fakhr & Seyed Komail Tayebi, 2009. "Determinants of Financial Integration in the East Asia-Pacific Region," Iranian Economic Review (IER), Faculty of Economics,University of Tehran.Tehran,Iran, vol. 14(1), pages 155-173, spring.
    22. Ralph Chami & Connel Fullenkamp & Sunil Sharma, 2010. "A framework for financial market development," Journal of Economic Policy Reform, Taylor and Francis Journals, vol. 13(2), pages 107-135.
    23. Emmanuel Carré & Guillaume L'Oeillet, 2017. "Une revue de la littérature récente sur le nexus finance-croissance après la crise : apports, limites et pistes de recherche," Post-Print halshs-01683732, HAL.
    24. Peter L. Rousseau, 2016. "The Politics of Financial Development: A Review of Calomiris and Haber's Fragile by Design," Journal of Economic Literature, American Economic Association, vol. 54(1), pages 208-223, March.
    25. Aghdam, Ali Nassiri & Behdarvand, Shahin & Sheshdeh, Mohammad Ghasemi, 2023. "The effect of credit composition on entrepreneurship," Latin American Journal of Central Banking (previously Monetaria), Elsevier, vol. 4(4).
    26. Philip Arestis & Carolina Troncoso Baltar & Anderson Cavalcante, 2009. "Current Financial Crisis: The End of Financial Liberalisation?," EKONOMIAZ. Revista vasca de Economía, Gobierno Vasco / Eusko Jaurlaritza / Basque Government, vol. 72(03), pages 12-33.
    27. Rajeev Dehejia & Adriana Lleras-Muney, 2007. "Financial Development and Pathways of Growth: State Branching and Deposit Insurance Laws in the United States, 1900–1940," Journal of Law and Economics, University of Chicago Press, vol. 50(2), pages 239-272.
    28. Iris Claus & Veronica Jacobsen & Brock Jera, 2004. "Financial Systems and Economic Growth: An Evaluation Framework for Policy," Treasury Working Paper Series 04/17, New Zealand Treasury.
    29. Forrest Capie, 2016. "Trust, Financial Regulation, and Growth," Australian Economic History Review, Economic History Society of Australia and New Zealand, vol. 56(1), pages 100-112, March.
    30. Vu, Nam T., 2015. "Stock market volatility and international business cycle dynamics: Evidence from OECD economies," Journal of International Money and Finance, Elsevier, vol. 50(C), pages 1-15.
    31. Kraft, Evan & Jankov, Ljubinko, 2005. "Does speed kill? Lending booms and their consequences in Croatia," Journal of Banking & Finance, Elsevier, vol. 29(1), pages 105-121, January.
    32. Guglielmo Maria Caporale & Peter Howells & Alaa M. Soliman, 2005. "Endogenous Growth Models and Stock Market Development: Evidence from Four Countries," Review of Development Economics, Wiley Blackwell, vol. 9(2), pages 166-176, May.
    33. Hugh Whittaker, 2017. "Premature financialization: a conceptual exploration," Working Papers halshs-01680406, HAL.
    34. Matthew Lowenstein, 2024. "Rotating savings and credit associations (ROSCAs) in prewar China: Communal finance and the roots of economic development," Economic History Review, Economic History Society, vol. 77(3), pages 796-822, August.

  32. Boyan Jovanovic & Peter L. Rousseau, 2002. "Moore's Law and Learning-By-Doing," NBER Working Papers 8762, National Bureau of Economic Research, Inc.

    Cited by:

    1. Quella, Núria, 2007. "Intra- and Inter-Sectoral Knowledge Spillovers and TFP Growth Rates," MPRA Paper 2853, University Library of Munich, Germany.
    2. Groth, Christian & Wendner, Ronald, 2011. "Learning by investing, embodiment, and speed of convergence," MPRA Paper 29008, University Library of Munich, Germany.
    3. Su, Dan & Yao, Yang, 2016. "Manufacturing as the Key Engine of Economic Growth for Middle-Income Economies," ADBI Working Papers 573, Asian Development Bank Institute.
    4. J. Bradford DeLong, 2003. "Productivity Growth in the 2000s," NBER Chapters, in: NBER Macroeconomics Annual 2002, Volume 17, pages 113-158, National Bureau of Economic Research, Inc.
    5. Barbara Annicchiarico & Luisa Corrado & Alessandra Pelloni, 2011. "Long‐Term Growth And Short‐Term Volatility: The Labour Market Nexus," Manchester School, University of Manchester, vol. 79(s1), pages 646-672, June.
    6. Zhu Wang, 2006. "Learning, diffusion and the industry life cycle," Payments System Research Working Paper PSR WP 04-01, Federal Reserve Bank of Kansas City.
    7. Eugene N. White, 2004. "Bubbles and Busts: The 1990s in the Mirror of the 1920s," FRU Working Papers 2004/09, University of Copenhagen. Department of Economics. Finance Research Unit.
    8. Hritonenko, Natali & Yatsenko, Yuri, 2012. "Energy substitutability and modernization of energy-consuming technologies," Energy Economics, Elsevier, vol. 34(5), pages 1548-1556.
    9. Driouchi, Ahmed & Harkat, Tahar, 2016. "Macroeconomic and School Variables to Reveal Country Choices of General and Vocational Education: A Cross-Country Analysis with focus on Arab Economies," MPRA Paper 73455, University Library of Munich, Germany.
    10. Peter L. Rousseau & Boyan Jovanovic, 2004. "General Purpose Technologies," 2004 Meeting Papers 103, Society for Economic Dynamics.
    11. Nuria Quella, 2009. "Knowledge Spillovers and TFP Growth Rates," Department of Economics Working Papers 09-03, Stony Brook University, Department of Economics.
    12. Groth, Christian & Wendner, Ronald, 2014. "Embodied learning by investing and speed of convergence," Journal of Macroeconomics, Elsevier, vol. 40(C), pages 245-269.
    13. J H Chen & T S Jan, 2005. "A system dynamics model of the semiconductor industry development in Taiwan," Journal of the Operational Research Society, Palgrave Macmillan;The OR Society, vol. 56(10), pages 1141-1150, October.
    14. Zhu Wang, 2008. "Income Distribution, Market Size and the Evolution of Industry," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 11(3), pages 542-565, July.
    15. Francois Gourio, 2005. "Operating Leverage, Stock Market Cyclicality, and the Cross-Section of Returns," 2005 Meeting Papers 66, Society for Economic Dynamics.
    16. Boyan Jovanovic, 2002. "EconomicDynamics Interviews Boyan Jovanovic on Technology Adoption," EconomicDynamics Newsletter, Review of Economic Dynamics, vol. 4(1), November.
    17. Giovanni Dosi & Richard Nelson, 2013. "The Evolution of Technologies: An Assessment of the State-of-the-Art," Eurasian Business Review, Springer;Eurasia Business and Economics Society, vol. 3(1), pages 3-46, June.
    18. Dosi, Giovanni & Nelson, Richard R., 2010. "Technical Change and Industrial Dynamics as Evolutionary Processes," Handbook of the Economics of Innovation, in: Bronwyn H. Hall & Nathan Rosenberg (ed.), Handbook of the Economics of Innovation, edition 1, volume 1, chapter 0, pages 51-127, Elsevier.
    19. Carrie Jankowski & Richard D. Porter & Tara N. Rice, 2007. "Against the tide—currency use among Latin American immigrants in Chicago," Economic Perspectives, Federal Reserve Bank of Chicago, vol. 31(Q II), pages 2-21.
    20. Barbara Annicchiarico & Luisa Corrado & Alessandra Pelloni, 2008. "Volatility, Growth and Labour Elasticity," Working Paper series 32_08, Rimini Centre for Economic Analysis.
    21. Dosi, Giovanni & Grazzi, Marco & Mathew, Nanditha, 2017. "The cost-quantity relations and the diverse patterns of “learning by doing”: Evidence from India," Research Policy, Elsevier, vol. 46(10), pages 1873-1886.
    22. Hyunbae Chun & Jung-Wook Kim & Jason Lee & Randall Morck, 2004. "Patterns of Comovement: The Role of Information Technology in the U.S. Economy," NBER Working Papers 10937, National Bureau of Economic Research, Inc.
    23. Kim, Jin-Hyuk & Komatsu, Takehiko & Owan, Hideo, 2020. "The role of design method and process technology in stable outsourcing equilibria," International Journal of Industrial Organization, Elsevier, vol. 69(C).

  33. Peter L. Rousseau & Richard Sylla, 2001. "Financial Systems, Economic Growth, and Globalization," NBER Working Papers 8323, National Bureau of Economic Research, Inc.

    Cited by:

    1. Acheampong, Alex O. & Boateng, Elliot & Amponsah, Mary & Dzator, Janet, 2021. "Revisiting the economic growth–energy consumption nexus: Does globalization matter?," Energy Economics, Elsevier, vol. 102(C).
    2. Peter L. Rousseau, 2004. "A Common Currency: Early U.S. Monetary Policy and the Transition to the Dollar," NBER Working Papers 10702, National Bureau of Economic Research, Inc.
    3. Najeeb Muhammad Nasir & Nasir Ali & Imran Khokhar, 2014. "Economic Growth, Financial Depth and Lending Rate Nexus: A Case of Oil Dependant Economy," International Journal of Financial Research, International Journal of Financial Research, Sciedu Press, vol. 5(2), pages 59-68, April.
    4. Bekaert, Geert & Harvey, Campbell R., 2003. "Emerging markets finance," Journal of Empirical Finance, Elsevier, vol. 10(1-2), pages 3-56, February.
    5. Richard Sylla, 2010. "Financial Foundations: Public Credit, the National Bank, and Securities Markets," NBER Chapters, in: Founding Choices: American Economic Policy in the 1790s, pages 59-88, National Bureau of Economic Research, Inc.
    6. Atil, Ahmed & Nawaz, Kishwar & Lahiani, Amine & Roubaud, David, 2020. "Are natural resources a blessing or a curse for financial development in Pakistan? The importance of oil prices, economic growth and economic globalization," Resources Policy, Elsevier, vol. 67(C).
    7. Temin, Peter & Voth, Hans-Joachim, 2005. "Credit rationing and crowding out during the industrial revolution: evidence from Hoare's Bank, 1702-1862," Explorations in Economic History, Elsevier, vol. 42(3), pages 325-348, July.
    8. Michael D. Bordo & Christopher M. Meissner, 2007. "Foreign Capital and Economic Growth in the First Era of Globalization," NBER Working Papers 13577, National Bureau of Economic Research, Inc.
    9. Svetlana Andrianova & Panicaos Demetriades & Chenggang Xu, 2008. "Political Economy Origins of Financial Markets in Europe and Asia," WEF Working Papers 0034, ESRC World Economy and Finance Research Programme, Birkbeck, University of London.
    10. Borlea Sorin Nicolae & Mare Codruta & Achim Monica Violeta & Puscas Adriana, 2016. "Direction of Causality Between Financial Development and Economic Growth. Evidence for Developing Countries," Studia Universitatis „Vasile Goldis” Arad – Economics Series, Sciendo, vol. 26(2), pages 1-22, June.
    11. Geert Bekaert & Campbell R. Harvey & Christian Lundblad, 2004. "Does Financial Liberalization Spur Growth?," Working Paper Research 53, National Bank of Belgium.
    12. Thai, Mai Thi Thanh & Turkina, Ekaterina, 2014. "Macro-level determinants of formal entrepreneurship versus informal entrepreneurship," Journal of Business Venturing, Elsevier, vol. 29(4), pages 490-510.
    13. Roine, Jesper & Vlachos, Jonas & Waldenström, Daniel, 2007. "What Determines Top Income Shares? Evidence from the Twentieth Century," Research Papers in Economics 2007:17, Stockholm University, Department of Economics.
    14. Jordan, Cally & Majnoni, Giovanni, 2002. "Financial regulatory harmonization and the globalization of finance," Policy Research Working Paper Series 2919, The World Bank.
    15. Howard Bodenhorn, 2016. "Two Centuries of Finance and Growth in the United States, 1790-1980," NBER Working Papers 22652, National Bureau of Economic Research, Inc.
    16. Sanz Villarroya, Isabel, 2004. "Institutional instability and growth in Argentina: a long-run view," IFCS - Working Papers in Economic History.WH wh046705, Universidad Carlos III de Madrid. Instituto Figuerola.
    17. Dilesha Nawadali Rathnayake & Jiang Dan & Pierre Axel Louemb & Otek Ntsama Ursule Yvanna, 2021. "How Does Internet Finance Influence the Monetary Policy? Evidence from China," International Journal of Economics and Financial Issues, Econjournals, vol. 11(1), pages 94-100.
    18. Alicia García Herrero & Sonsoles Gallego Herrero & Jesús Saurina Salas, 2003. "The Asian and European Banking Systems: The case of Spain in the quest for development and stability," Finance 0304007, University Library of Munich, Germany.
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    22. Toderascu (Sandu) Carmen & Rusu Valentina Diana, 2013. "Implications Of The Financial System On The Capital Structure Of The Enterprise," Annals of Faculty of Economics, University of Oradea, Faculty of Economics, vol. 1(1), pages 1034-1043, July.
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    25. Philip Arestis & Georgios Chortareas & Georgios Magkonis, 2015. "The Financial Development And Growth Nexus: A Meta-Analysis," Journal of Economic Surveys, Wiley Blackwell, vol. 29(3), pages 549-565, July.
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    44. Allen, Franklin, et al., 2010. "How Important Historically Were Financial Systems for Growth in the U.K., U.S., Germany, and Japan?," Working Papers 10-27, University of Pennsylvania, Wharton School, Weiss Center.
    45. Scott L. Baier & Gerald P. Dwyer & Robert Tamura, 2003. "Does opening a stock exchange increase economic growth?," FRB Atlanta Working Paper 2003-36, Federal Reserve Bank of Atlanta.
    46. Christopher M. Meissner, 2002. "A New World Order: Explaining the Emergence of the Classical Gold Standard," NBER Working Papers 9233, National Bureau of Economic Research, Inc.
    47. M. Maqbool-ur-Rahman, 2015. "Impacts Of Globalization On Economic Growth - Evidence From Selected South Asian Countries," Journal of Management Sciences, Geist Science, Iqra University, Faculty of Business Administration, vol. 2(1), pages 185-204, March.
    48. Moshirian, Fariborz, 2003. "Globalization and financial market integration," Journal of Multinational Financial Management, Elsevier, vol. 13(4-5), pages 289-302, December.
    49. Franz R. Hahn, 2002. "Financial Development and Output Growth Fluctuation. Evidence from OECD Countries," WIFO Working Papers 181, WIFO.
    50. Peter L. Rousseau & Paul Wachtel, 2017. "Episodes of financial deepening: credit booms or growth generators?," Vanderbilt University Department of Economics Working Papers 17-00009, Vanderbilt University Department of Economics.
    51. Anders Ögren, 2008. "The Rational of Private Bank Note Issuance. The Enskilda Banks in the Economic and Financial Development of Nineteenth Century Sweden," EconomiX Working Papers 2008-4, University of Paris Nanterre, EconomiX.
    52. Peter L. Rousseau, 2003. "Historical perspectives on financial development and economic growth," Review, Federal Reserve Bank of St. Louis, vol. 85(Jul), pages 81-106.
    53. Philip T. Hoffman & Gilles Postel-Vinay & Jean-Laurent Rosenthal, 2015. "Entry, information, and financial development: A century of competition between French banks and notaries," PSE-Ecole d'économie de Paris (Postprint) halshs-01207248, HAL.
    54. Coccorese, Paolo, 2008. "An investigation on the causal relationships between banking concentration and economic growth," International Review of Financial Analysis, Elsevier, vol. 17(3), pages 557-570, June.
    55. Rousseau, Peter L. & Sylla, Richard, 2006. "Financial revolutions and economic growth: Introducing this EEH symposium," Explorations in Economic History, Elsevier, vol. 43(1), pages 1-12, January.
    56. Michael D. Bordo & John V. Duca, 2021. "How the New Fed Municipal Bond Facility Capped Muni-Treasury Yield Spreads in the COVID-19 Recession," Working Papers 2101, Federal Reserve Bank of Dallas.
    57. Xu Guangdong, 2021. "Reassessing the Literature on the Relationship Between Financial Structure and Economic Growth," Review of Economics, De Gruyter, vol. 72(2), pages 149-182, August.
    58. Madhu Sehrawat & A.K. Giri, 2018. "Globalization, role of institutions and economic performance in Indian economy," Journal of Financial Economic Policy, Emerald Group Publishing Limited, vol. 11(1), pages 82-100, October.
    59. Bordo, Michael D., 2012. "Could the United States have had a better central bank? An historical counterfactual speculation," Journal of Macroeconomics, Elsevier, vol. 34(3), pages 597-607.
    60. T. Huw Edwards, 2006. "Search and the Path-Dependency of Trade," Discussion Paper Series 2006_12, Department of Economics, Loughborough University, revised May 2006.
    61. Zaidi, Syed Anees Haider & Wei, Zixiang & Gedikli, Ayfer & Zafar, Muhammad Wasif & Hou, Fujun & Iftikhar, Yaser, 2019. "The impact of globalization, natural resources abundance, and human capital on financial development: Evidence from thirty-one OECD countries," Resources Policy, Elsevier, vol. 64(C).
    62. Mérő, Katalin, 2003. "A gazdasági növekedés és a pénzügyi közvetítés mélysége [Economic growth and the depth of financial mediation]," Közgazdasági Szemle (Economic Review - monthly of the Hungarian Academy of Sciences), Közgazdasági Szemle Alapítvány (Economic Review Foundation), vol. 0(7), pages 590-607.
    63. Richard Sylla, 2006. "Schumpeter Redux: A Review of Raghuram G. Rajan and Luigi Zingales's Saving Capitalism from the Capitalists," Journal of Economic Literature, American Economic Association, vol. 44(2), pages 391-404, June.
    64. Kristine Belesova & Ilan Kelman & Roger Boyd, 2016. "Governance through Economic Paradigms: Addressing Climate Change by Accounting for Health," Politics and Governance, Cogitatio Press, vol. 4(4), pages 87-96.
    65. Moshirian, Fariborz, 2004. "Elements of global financial stability," Journal of Multinational Financial Management, Elsevier, vol. 14(4-5), pages 305-314.
    66. Emmanuel Carré & Guillaume L'Oeillet, 2017. "Une revue de la littérature récente sur le nexus finance-croissance après la crise : apports, limites et pistes de recherche," Post-Print halshs-01683732, HAL.
    67. Lundblad, Christian, 2007. "The risk return tradeoff in the long run: 1836-2003," Journal of Financial Economics, Elsevier, vol. 85(1), pages 123-150, July.
    68. Thomas Philippon & Ariell Reshef, 2013. "An International Look at the Growth of Modern Finance," Journal of Economic Perspectives, American Economic Association, vol. 27(2), pages 73-96, Spring.
    69. Nieuwerburgh, Stijn Van & Buelens, Frans & Cuyvers, Ludo, 2006. "Stock market development and economic growth in Belgium," Explorations in Economic History, Elsevier, vol. 43(1), pages 13-38, January.
    70. Popov, Alexander, 2017. "Evidence on finance and economic growth," Working Paper Series 2115, European Central Bank.
    71. Alessandra dal Colle Stievano, 2004. "Finance-Growth Nexus in open economies with outliers," Money Macro and Finance (MMF) Research Group Conference 2004 4, Money Macro and Finance Research Group.
    72. Sayantan Khanra & Sanjay Dhir, 2017. "Creating Value in Small-cap Firms by Mitigating Risks of Market Volatility," Vision, , vol. 21(4), pages 350-355, December.
    73. Meissner, Christopher M., 2005. "A new world order: explaining the international diffusion of the gold standard, 1870-1913," Journal of International Economics, Elsevier, vol. 66(2), pages 385-406, July.
    74. Seyi Saint Akadiri & Gizem Uzuner & Ada Chigozie Akadiri & Taiwo Temitope Lasisi, 2021. "Environmental Kuznets curve hypothesis in the case of tourism island states: The moderating role of globalization," International Journal of Finance & Economics, John Wiley & Sons, Ltd., vol. 26(2), pages 2846-2858, April.
    75. Jakob B. MADSEN & James B. ANG, 2014. "Finance-Led Growth in the OECD since the 19th century: How Does Financial Development Transmit To Growth?," Economic Growth Centre Working Paper Series 1408, Nanyang Technological University, School of Social Sciences, Economic Growth Centre.
    76. Peter L. Rousseau, 2013. "Politics on the road to the U.S. monetary union," Vanderbilt University Department of Economics Working Papers 13-00006, Vanderbilt University Department of Economics.
    77. Dopico, Luis G. & Wilcox, James A., 2002. "Openness, profit opportunities and foreign banking," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 12(4-5), pages 299-320.
    78. Alessandra Dal Colle, 2011. "Finance–growth nexus: does causality withstand financial liberalization? Evidence from cointegrated VAR," Empirical Economics, Springer, vol. 41(1), pages 127-154, August.
    79. Rousseau, Peter L. & D’Onofrio, Alexandra, 2013. "Monetization, Financial Development, and Growth: Time Series Evidence from 22 Countries in Sub-Saharan Africa," World Development, Elsevier, vol. 51(C), pages 132-153.
    80. Voth, Joachim, 2005. "Credit Rationing and Crowding Out During the Industrial Revolution," Department of Economics, Working Paper Series qt4qw3v8q6, Department of Economics, Institute for Business and Economic Research, UC Berkeley.
    81. Binder, Michael & Cheung, Ying Lun & Georgiadis, Georgios & Sharma, Sunil, 2024. "Institutions, international financial integration, and output growth," Journal of Economic Behavior & Organization, Elsevier, vol. 219(C), pages 450-472.
    82. Cheng, Chih-Yang & Chien, Mei-Se & Lee, Chien-Chiang, 2021. "ICT diffusion, financial development, and economic growth: An international cross-country analysis," Economic Modelling, Elsevier, vol. 94(C), pages 662-671.
    83. Varga, József & Temuulen, Elbegdorj & Bareith, Tibor, 2019. "An Empirical Analysis of the Relationship between Economic Growth and Credit Volumes in Hungary," Public Finance Quarterly, Corvinus University of Budapest, vol. 64(4), pages 455-470.
    84. Peter Temin & Joachim Voth, 2005. "Private borrowing during the financial revolution: Hoare’s Bank and its customers, 1702-1724," Economics Working Papers 860, Department of Economics and Business, Universitat Pompeu Fabra.
    85. Michael D. Bordo, 2006. "Sudden Stops, Financial Crises, and Original Sin in Emerging Countries: Déjà vu?," NBER Working Papers 12393, National Bureau of Economic Research, Inc.
    86. Bordo, Michael D. & Duca, John V., 2023. "How the new fed municipal bond facility capped municipal-treasury yield spreads in the Covid-19 recession," Journal of the Japanese and International Economies, Elsevier, vol. 67(C).
    87. Taylor, Alan M. & Wilson, Janine L.F., 2011. "International trade and finance: Complementaries in the United Kingdom 1870-1913 and the United States 1920-1930," Journal of International Money and Finance, Elsevier, vol. 30(1), pages 268-288, February.
    88. Manizheh Falahaty & Siong Law, 2012. "The Effect of Globalization on Financial Development in the MENA Region," Transition Studies Review, Springer;Central Eastern European University Network (CEEUN), vol. 19(2), pages 205-223, November.
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    94. Hamid Boustanifar & Everett Grant & Ariell Reshef, 2016. "Wages and human capital in finance: international evidence, 1970-2005," Globalization Institute Working Papers 266, Federal Reserve Bank of Dallas.
    95. Salvatore Perri, 2013. "The role of macroeconomic stability in the finance-growth nexus. Threshold regression approach," STUDI ECONOMICI, FrancoAngeli Editore, vol. 2013(110), pages 57-81.

  34. Boyan Jovanovic & Peter L. Rousseau, 2001. "Why Wait? A Century of Life Before IPO," NBER Working Papers 8081, National Bureau of Economic Research, Inc.

    Cited by:

    1. David T. Clark, 2002. "A Study of the Relationship Between Firm Age‐at‐IPO and Aftermarket Stock Performance," Financial Markets, Institutions & Instruments, John Wiley & Sons, vol. 11(4), pages 385-400, November.
    2. Boyan Jovanovic & Peter L. Rousseau, 2009. "Extensive and Intensive Investment over the Business Cycle," NBER Working Papers 14960, National Bureau of Economic Research, Inc.
    3. Boyan Jovanovic & Peter L. Rousseau, 2002. "The Q-Theory of Mergers," American Economic Review, American Economic Association, vol. 92(2), pages 198-204, May.
    4. Claudio Loderer & René Stulz & Urs Waelchli, 2017. "Firm Rigidities and the Decline in Growth Opportunities," Management Science, INFORMS, vol. 63(9), pages 3000-3020, September.
    5. Berardino Palazzo & Juliane Begenau, 2015. "Firm Selection and Corporate Cash Holdings," 2015 Meeting Papers 1047, Society for Economic Dynamics.
    6. Custódio, Cláudia & Ferreira, Miguel A. & Laureano, Luís, 2013. "Why are US firms using more short-term debt?," Journal of Financial Economics, Elsevier, vol. 108(1), pages 182-212.
    7. Boyan Jovanovic & Peter L. Rousseau, 2004. "Interest Rates and Initial Public Offerings," NBER Working Papers 10298, National Bureau of Economic Research, Inc.
    8. Brown, Gregory & Kapadia, Nishad, 2007. "Firm-specific risk and equity market development," Journal of Financial Economics, Elsevier, vol. 84(2), pages 358-388, May.
    9. Boyan Jovanovic & Peter L. Rousseau, 2001. "Vintage Organization Capital," NBER Working Papers 8166, National Bureau of Economic Research, Inc.
    10. Yoon-Jun Lee & Jeong-Dong Lee, 2008. "Strategy of start-ups for IPO timing across high technology industries," Applied Economics Letters, Taylor & Francis Journals, vol. 15(11), pages 869-877.
    11. Suarez, Javier & Michelacci, Claudio, 2002. "Business Creation and the Stock Market," CEPR Discussion Papers 3513, C.E.P.R. Discussion Papers.
    12. Alan D Morrison & Carola Schenone & Aaron Thegeya & William J WilhelmJr., 2018. "Investment-Banking Relationships: 1933–2007," The Review of Corporate Finance Studies, Society for Financial Studies, vol. 7(2), pages 194-244.
    13. Fulghieri, Paolo & Dicks, David, 2016. "Innovation Waves, Investor Sentiment, and Mergers," CEPR Discussion Papers 11082, C.E.P.R. Discussion Papers.
    14. Singla, Shikhar, 2023. "Regulatory costs and market power," LawFin Working Paper Series 47, Goethe University, Center for Advanced Studies on the Foundations of Law and Finance (LawFin).
    15. Claudio Loderer & René Stulz & Urs Waelchli, 2013. "Limited Managerial Attention and Corporate Aging," NBER Working Papers 19428, National Bureau of Economic Research, Inc.
    16. Boyan Jovanovic & Peter L. Rousseau, 2002. "Moore's Law and Learning-By-Doing," NBER Working Papers 8762, National Bureau of Economic Research, Inc.
    17. Steven J. Davis & John Haltiwanger & Ron Jarmin & Javier Miranda, 2006. "Volatility and Dispersion in Business Growth Rates: Publicly Traded versus Privately Held Firms," NBER Working Papers 12354, National Bureau of Economic Research, Inc.
    18. Lubos Pastor & Pietro Veronesi, 2003. "Stock Prices and IPO Waves," NBER Working Papers 9858, National Bureau of Economic Research, Inc.
    19. Lucy Lim, 2016. "Dual-class versus single-class firms: information asymmetry," Review of Quantitative Finance and Accounting, Springer, vol. 46(4), pages 763-791, May.
    20. Chun, Hyunbae & Kim, Jung-Wook & Morck, Randall & Yeung, Bernard, 2008. "Creative destruction and firm-specific performance heterogeneity," Journal of Financial Economics, Elsevier, vol. 89(1), pages 109-135, July.
    21. Chun, Hyunbae & Kim, Jung-Wook & Lee, Jason, 2015. "How does information technology improve aggregate productivity? A new channel of productivity dispersion and reallocation," Research Policy, Elsevier, vol. 44(5), pages 999-1016.
    22. Thomas Philippon, 2012. "Has the U.S. Finance Industry Become Less Efficient? On the Theory and Measurement of Financial Intermediation," NBER Working Papers 18077, National Bureau of Economic Research, Inc.
    23. Roberto Pinheiro, 2018. "Venture capital and underpricing: capacity constraints and early sales," Annals of Finance, Springer, vol. 14(1), pages 1-47, February.
    24. Anup Srivastava & Senyo Y. Tse, 2016. "Why Are Successive Cohorts of Listed Firms Persistently Riskier?," European Financial Management, European Financial Management Association, vol. 22(5), pages 957-1000, November.
    25. Antonio Falato & Dalida Kadyrzhanova, 2012. "Optimal CEO incentives and industry dynamics," Finance and Economics Discussion Series 2012-78, Board of Governors of the Federal Reserve System (U.S.).
    26. Peter L. Rousseau & Boyan Jovanovic, 2004. "General Purpose Technologies," 2004 Meeting Papers 103, Society for Economic Dynamics.
    27. Bartram, Sohnke M. & Hou, Kewei & Kim, Sehoon, 2018. "Real Effects of Climate Policy: Financial Constraints and Spillovers," Working Paper Series 2019-04, Ohio State University, Charles A. Dice Center for Research in Financial Economics.
    28. Sunny Hahn & Jina Kang, 2017. "Complementary or conflictory?: the effects of the composition of the syndicate on venture capital-backed IPOs in the US stock market," Economia e Politica Industriale: Journal of Industrial and Business Economics, Springer;Associazione Amici di Economia e Politica Industriale, vol. 44(1), pages 77-102, March.
    29. Thampanya, Natthinee & Wu, Junjie & Nasir, Muhammad Ali & Liu, Jia, 2020. "Fundamental and behavioural determinants of stock return volatility in ASEAN-5 countries," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 65(C).
    30. Diego Comin & Thomas Philippon, 2005. "The Rise in Firm-Level Volatility: Causes and Consequences," NBER Working Papers 11388, National Bureau of Economic Research, Inc.
    31. Boyan Jovanovic, 2004. "The Pre-Producers," NBER Working Papers 10771, National Bureau of Economic Research, Inc.
    32. Maria Minniti & Martin Andersson & Pontus Braunerhjelm & Frédéric Delmar & Annika Rickne & Karin Thorburn & Karl Wennberg & Mikael Stenkula, 2019. "Boyan Jovanovic: recipient of the 2019 Global Award for Entrepreneurship Research," Small Business Economics, Springer, vol. 53(3), pages 547-553, October.
    33. Jongsub Lee & Hayong Yun, 2023. "Learning Production Process Heterogeneity Across Industries: Implications of Deep Learning for Corporate M&A Decisions," Papers 2301.08847, arXiv.org.
    34. Gutierrez, German, 2019. "The Failure of Free Entry," CEPR Discussion Papers 14219, C.E.P.R. Discussion Papers.
    35. Ana Fernandes, 2004. "Knowledge, Technology Adoption and Financial Innovation," Working Papers wp2004_0408, CEMFI.
    36. Rousseau, Peter L. & Sylla, Richard, 2006. "Financial revolutions and economic growth: Introducing this EEH symposium," Explorations in Economic History, Elsevier, vol. 43(1), pages 1-12, January.
    37. Thomas Philippon & Yuliy Sannikov, 2007. "Real Options in a Dynamic Agency Model, with Applications to Financial Development, IPOs, and Business Risk," NBER Working Papers 13584, National Bureau of Economic Research, Inc.
    38. Hengjie Ai & Kai Li & Rui Li, 2024. "Moral Hazard and Investment-Cash-Flow Sensitivity," Annals of Economics and Finance, Society for AEF, vol. 25(1), pages 143-174, May.
    39. Chincarini, Ludwig B. & Kim, Daehwan & Moneta, Fabio, 2020. "Beta and firm age," Journal of Empirical Finance, Elsevier, vol. 58(C), pages 50-74.
    40. Grullon, Gustavo & Hund, John & Weston, James P., 2018. "Concentrating on q and cash flow," Journal of Financial Intermediation, Elsevier, vol. 33(C), pages 1-15.
    41. Roberta Piergiovanni & Martin Carree & Enrico Santarelli, 2009. "Creative Industries, New Business Formation and Regional Economic Growth," Jena Economics Research Papers 2009-020, Friedrich-Schiller-University Jena.
    42. Brown, William O. & Helland, Eric & Smith, Janet Kiholm, 2006. "Corporate philanthropic practices," Journal of Corporate Finance, Elsevier, vol. 12(5), pages 855-877, December.
    43. Helios Herrera, 2001. "Participation Externalities and Asset Price Volatility," Levine's Working Paper Archive 625018000000000242, David K. Levine.
    44. Boris Podobnik & Davor Horvatic & Alexander M. Petersen & Branko Urov{s}evi'c & H. Eugene Stanley, 2010. "Bankruptcy risk model and empirical tests," Papers 1011.2670, arXiv.org.
    45. Podobnik, Boris & Christopher Crawford, G. & Lichtenstein, Benyamin & Lipic, Tomislav & Wild, Dorian & Zhang, Xin & Stanley, H. Eugene, 2020. "The new wealth of nations: How STEM fields generate the prosperity and inequality of individuals, companies, and countries," Chaos, Solitons & Fractals, Elsevier, vol. 141(C).
    46. Max Resende & Alexandre Ferreira, 2021. "A machine learning approach to risk disclosure reporting," Economics Bulletin, AccessEcon, vol. 41(2), pages 234-251.
    47. Teresa A. Dickler & Timothy B. Folta & Marco S. Giarratana & Juan Santaló, 2022. "The value of flexibility in multi‐business firms," Strategic Management Journal, Wiley Blackwell, vol. 43(12), pages 2602-2628, December.
    48. Adams, Renée & Almeida, Heitor & Ferreira, Daniel, 2009. "Understanding the relationship between founder-CEOs and firm performance," Journal of Empirical Finance, Elsevier, vol. 16(1), pages 136-150, January.
    49. Roland G. Fryer, Jr, 2016. "The 'Pupil' Factory: Specialization and the Production of Human Capital in Schools," NBER Working Papers 22205, National Bureau of Economic Research, Inc.
    50. Banyi, Monica L. & Kahle, Kathleen M., 2014. "Declining propensity to pay? A re-examination of the lifecycle theory," Journal of Corporate Finance, Elsevier, vol. 27(C), pages 345-366.
    51. Sapkota, Niranjan & Grobys, Klaus, 2023. "Fear sells: On the sentiment deceptions and fundraising success of initial coin offerings," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 83(C).
    52. Candra Chahyadi & Jesus Salas, 2012. "Not paying dividends? A decomposition of the decline in dividend payers," Journal of Economics and Finance, Springer;Academy of Economics and Finance, vol. 36(2), pages 443-462, April.
    53. Jungshik Hur & Cedric Mbanga Luma, 2017. "Aggregate idiosyncratic volatility, dynamic aspects of loss aversion, and narrow framing," Review of Quantitative Finance and Accounting, Springer, vol. 49(2), pages 407-433, August.
    54. Hyunbae Chun & Jung-Wook Kim & Randall Morck, 2011. "Varying Heterogeneity among U.S. Firms: Facts and Implications," The Review of Economics and Statistics, MIT Press, vol. 93(3), pages 1034-1052, August.
    55. Alimov, Azizjon & Mikkelson, Wayne, 2012. "Does favorable investor sentiment lead to costly decisions to go public?," Journal of Corporate Finance, Elsevier, vol. 18(3), pages 519-540.
    56. Philip Joos & Alexei Zhdanov, 2008. "Earnings and Equity Valuation in the Biotech Industry: Theory and Evidence," Financial Management, Financial Management Association International, vol. 37(3), pages 431-460, September.
    57. Boyan Jovanovic & Peter L. Rousseau, 2004. "Interest rates and the timing of new production," Economic Perspectives, Federal Reserve Bank of Chicago, vol. 28(Q IV), pages 2-11.

  35. Boyan Jovanovic & Peter L. Rousseau, 2001. "Vintage Organization Capital," NBER Working Papers 8166, National Bureau of Economic Research, Inc.

    Cited by:

    1. Katsuya Takii, 2007. "The Persistence of Differences in Productivity, Wages, Skill Mixes and Profits Between Firms," OSIPP Discussion Paper 07E002, Osaka School of International Public Policy, Osaka University.
    2. Boyan Jovanovic, 2007. "Investment Options and the Business Cycle," NBER Working Papers 13307, National Bureau of Economic Research, Inc.
    3. Boyan Jovanovic & Peter L. Rousseau, 2009. "Extensive and Intensive Investment over the Business Cycle," NBER Working Papers 14960, National Bureau of Economic Research, Inc.
    4. Boyan Jovanovic & Peter L. Rousseau, 2002. "The Q-Theory of Mergers," American Economic Review, American Economic Association, vol. 92(2), pages 198-204, May.
    5. Andrea L. Eisfeldt & Dimitris Papanikolaou, 2013. "Organization Capital and the Cross-Section of Expected Returns," Journal of Finance, American Finance Association, vol. 68(4), pages 1365-1406, August.
    6. Petsas Iordanis, 2015. "General Purpose Technologies and their Implications for International Trade," International Journal of Management and Economics, Warsaw School of Economics, Collegium of World Economy, vol. 47(1), pages 7-35, September.
    7. Samaniego, Roberto M., 2006. "Organizational capital, technology adoption and the productivity slowdown," Journal of Monetary Economics, Elsevier, vol. 53(7), pages 1555-1569, October.
    8. Amaia Iza, 2020. "Entrepreneurial Skills, Technological Progress, and Firm Growth," Scandinavian Journal of Economics, Wiley Blackwell, vol. 122(4), pages 1374-1402, October.
    9. Leif Danziger, 2007. "Output Effects Of Inflation With Fixed Price– And Quantity–Adjustment Costs," Economic Inquiry, Western Economic Association International, vol. 45(1), pages 115-120, January.
    10. Miguel A. Iraola & Manuel S. Santos, 2009. "Long Term Asset Price Volatility and Macroeconomic Fluctuations," Working Papers 2010-1, University of Miami, Department of Economics.
    11. Che, Natasha Xingyuan, 2009. "The great dissolution: organization capital and diverging volatility puzzle," MPRA Paper 13701, University Library of Munich, Germany.
    12. Fransisco M. Ganzalez & Alok Johri, 2002. "Asymmetric Labor Adjustment, Organizational Capital and Aggregate Job Flows," Department of Economics Working Papers 2002-03, McMaster University.
    13. Peter L. Rousseau & Boyan Jovanovic, 2004. "General Purpose Technologies," 2004 Meeting Papers 103, Society for Economic Dynamics.
    14. Maliranta, Mika, . "Micro Level Dynamics of Productivity Growth. An Empirical Analysis of the Great Leap in Finnish Manufacturing Productivity in 1975-2000," ETLA A, The Research Institute of the Finnish Economy, number 38, June.
    15. Leif Danziger, 2008. "Adjustment Costs, Inventories and Output," Scandinavian Journal of Economics, Wiley Blackwell, vol. 110(3), pages 519-542, September.
    16. Michel A. HABIB & Ulrich HEGE & Pierre MELLA-BARRAL, 2011. "Entrepreneurial Spawning and Firm Characteristics," Swiss Finance Institute Research Paper Series 11-01, Swiss Finance Institute.
    17. Boyan Jovanovic & Peter L. Rousseau, 2008. "Mergers as Reallocation," The Review of Economics and Statistics, MIT Press, vol. 90(4), pages 765-776, November.
    18. Sakellaris, Plutarchos, 2004. "Patterns of plant adjustment," Journal of Monetary Economics, Elsevier, vol. 51(2), pages 425-450, March.
    19. Dimson, Elroy & Rousseau, Peter L. & Spaenjers, Christophe, 2015. "The price of wine," Journal of Financial Economics, Elsevier, vol. 118(2), pages 431-449.
    20. Chung Yi Tse, 2004. "New product introduction and diffusion with costly search," 2004 Meeting Papers 237, Society for Economic Dynamics.
    21. Hengjie Ai & Dana Kiku & Rui Li & Jincheng Tong, 2021. "A Unified Model of Firm Dynamics with Limited Commitment and Assortative Matching," Journal of Finance, American Finance Association, vol. 76(1), pages 317-356, February.
    22. Tor Jakob Klette & Arvid Raknerud, 2002. "How and why do Firms differ?," Discussion Papers 320, Statistics Norway, Research Department.
    23. Habib, Michel A. & Mella-Barral, Pierre, 2013. "Skills, core capabilities, and the choice between merging, allying, and trading assets," Journal of Mathematical Economics, Elsevier, vol. 49(1), pages 31-48.
    24. Howell, Bronwyn & Obren, Mark, 2002. "Broadband Diffusion: Lags from Vintage Capital, Learning by Doing, Information Barriers and Network Effects," Working Paper Series 18994, Victoria University of Wellington, The New Zealand Institute for the Study of Competition and Regulation.
    25. TAKII Katsuya, 2011. "Persistent Productivity Differences Between Firms," Discussion papers 11048, Research Institute of Economy, Trade and Industry (RIETI).
    26. Katsuya Takii, 2008. "The Persistence of Differences in Productivity, Wages, Skill Mixes and Profits Between Firms in a Rapidly Changing Environment," OSIPP Discussion Paper 08E003, Osaka School of International Public Policy, Osaka University.

  36. Boyan Jovanovic & Peter L. Rousseau, 2001. "Mergers and Technological Change: 1885-1998," Vanderbilt University Department of Economics Working Papers 0116, Vanderbilt University Department of Economics.

    Cited by:

    1. Mirella Damiani & Fabrizio Pompei, 2011. "The market for corporate control: do countries and technological regimes matter?," International Review of Applied Economics, Taylor & Francis Journals, vol. 25(6), pages 725-751, October.
    2. Benjamin Auer & Frank Schuhmacher, 2013. "RETRACTED ARTICLE: Investor sentiment, stock market valuation and merger activity," International Review of Economics, Springer;Happiness Economics and Interpersonal Relations (HEIRS), vol. 60(2), pages 245-245, June.
    3. Albert Banal‐Estañol & Paul Heidhues & Rainer Nitsche & Jo Seldeslachts, 2010. "Screening And Merger Activity," Journal of Industrial Economics, Wiley Blackwell, vol. 58(4), pages 794-817, December.
    4. Bhattacharjee Arnab & Higson Christopher & Holly Sean & Kattuman Paul, 2009. "Macroeconomic Instability and Corporate Failure: The Role of the Legal System," Review of Law & Economics, De Gruyter, vol. 5(1), pages 1-32, January.
    5. A. Bhattacharjee & C. Higson & S. Holly & P. Kattuman, 2009. "Macroeconomic Instability and Business Exit: Determinants of Failures and Acquisitions of UK Firms," Economica, London School of Economics and Political Science, vol. 76(301), pages 108-131, February.
    6. Vancea Mariana, 2012. "An Overview On The Determinants Of Mergers And Acquisitions Waves," Annals of Faculty of Economics, University of Oradea, Faculty of Economics, vol. 1(2), pages 390-397, December.

  37. Boyan Jovanovic & Peter L. Rousseau, 2001. "Stock Markets in the New Economy," Vanderbilt University Department of Economics Working Papers 0118, Vanderbilt University Department of Economics.

    Cited by:

    1. Amaia Iza, 2020. "Entrepreneurial Skills, Technological Progress, and Firm Growth," Scandinavian Journal of Economics, Wiley Blackwell, vol. 122(4), pages 1374-1402, October.

  38. Boyan Jovanovic & Peter L. Rousseau, 2001. "Liquidity Effects in the Bond Market," NBER Working Papers 8597, National Bureau of Economic Research, Inc.

    Cited by:

    1. Ellen R. McGrattan & Edward C. Prescott, 2004. "The 1929 Stock Market: Irving Fisher Was Right," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 45(4), pages 991-1009, November.
    2. Arvind Krishnamurthy & Annette Vissing-Jorgensen, 2007. "The Demand for Treasury Debt," NBER Working Papers 12881, National Bureau of Economic Research, Inc.
    3. In, Francis & Batten, Jonathan & Kim, Sangbae, 2003. "What drives the term and risk structure of Japanese bonds?," The Quarterly Review of Economics and Finance, Elsevier, vol. 43(3), pages 518-541.
    4. Lundblad, Christian, 2007. "The risk return tradeoff in the long run: 1836-2003," Journal of Financial Economics, Elsevier, vol. 85(1), pages 123-150, July.
    5. Michael King & Carol Osler & Dagfinn Rime, 2012. "The Market Microstructure Approach to Foreign Exchange: Looking Back and Looking Forward," Working Papers 54, Brandeis University, Department of Economics and International Business School.
    6. Barbieri Hermitte, Riccardo & Cagnazzo, Alberto & Favero, Carlo A. & Felici, Francesco & Macauda, Valeria & Nucci, Francesco & Tegami, Cristian, 2023. "ITFIN: A stock-flow consistent model for the Italian economy," Economic Modelling, Elsevier, vol. 119(C).
    7. Ellen R. McGrattan & Edward C. Prescott, 2001. "The Stock Market Crash of 1929: Irving Fisher Was Right!," NBER Working Papers 8622, National Bureau of Economic Research, Inc.

  39. Boyan Jovanovic & Peter L. Rousseau, 2000. "Technology and the Stock Market: 1885-1998," Vanderbilt University Department of Economics Working Papers 0042, Vanderbilt University Department of Economics.

    Cited by:

    1. John R. Graham & Sonali Hazarika & Krishnamoorthy Narasimhan, 2011. "Financial Distress in the Great Depression," NBER Working Papers 17388, National Bureau of Economic Research, Inc.
    2. James Costain & Beatriz de-Blas-Perez, 2006. "Productivity Shocks and the Business Cycle: Reconciling Recent VAR Evidence," 2006 Meeting Papers 698, Society for Economic Dynamics.

  40. Peter L. Rousseau, 2000. "Jacksonian Monetary Policy, Specie Flows, and the Panic of 1837," NBER Working Papers 7528, National Bureau of Economic Research, Inc.

    Cited by:

    1. Peter L. Rousseau, 2021. "Jackson, the Bank War, and the Legacy of the Second Bank of the United States," AEA Papers and Proceedings, American Economic Association, vol. 111, pages 501-507, May.
    2. Michael D. Bordo & David C. Wheelock, 2004. "Monetary Policy and Asset Prices: A Look Back at Past U.S. Stock Market Booms," NBER Working Papers 10704, National Bureau of Economic Research, Inc.
    3. Gareth Campbell & Meeghan Rogers, 2017. "Integration between the London and New York Stock Exchanges, 1825–1925," Economic History Review, Economic History Society, vol. 70(4), pages 1185-1218, November.
    4. Young, Andrew T. & Dove, John A., 2013. "Policing the chain gang: Panel cointegration analysis of the stability of the Suffolk System, 1825–1858," Journal of Macroeconomics, Elsevier, vol. 37(C), pages 182-196.
    5. John Joseph Wallis, 2004. "The Concept of Systematic Corruption in American Political and Economic History," NBER Working Papers 10952, National Bureau of Economic Research, Inc.
    6. Kaloyan Ganev, 2014. "Early theories of business cycle and their role on the development of economics," Economic Thought journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 3, pages 39-56.
    7. Edward L. Glaeser, 2013. "A Nation of Gamblers: Real Estate Speculation and American History," American Economic Review, American Economic Association, vol. 103(3), pages 1-42, May.
    8. Qunzhi Zhang & Didier Sornette & Mehmet Balcilar & Rangan Gupta & Zeynel A. Ozdemir & Hakan Yetkiner, 2016. "LPPLS Bubble Indicators over Two Centuries of the S&P 500 Index," Working Papers 201606, University of Pretoria, Department of Economics.
    9. Wallis, John Joseph, 2003. "The property tax as a coordinating device: Financing Indiana's Mammoth Internal Improvement System, 1835-1842," Explorations in Economic History, Elsevier, vol. 40(3), pages 223-250, July.
    10. Christopher David Absell, 2020. "The rise of coffee in the Brazilian south‐east: tariffs and foreign market potential, 1827–40," Economic History Review, Economic History Society, vol. 73(4), pages 964-990, November.
    11. Matthew Jaremski & Peter L. Rousseau, 2013. "Banks, Free Banks, And U.S. Economic Growth," Economic Inquiry, Western Economic Association International, vol. 51(2), pages 1603-1621, April.
    12. Bordo, Michael D., 2012. "Could the United States have had a better central bank? An historical counterfactual speculation," Journal of Macroeconomics, Elsevier, vol. 34(3), pages 597-607.
    13. John Joseph Wallis, 2006. "The Concept of Systematic Corruption in American History," NBER Chapters, in: Corruption and Reform: Lessons from America's Economic History, pages 23-62, National Bureau of Economic Research, Inc.
    14. Charles Calomiris, 2009. "Banking Crises and the Rules of the Game," NBER Working Papers 15403, National Bureau of Economic Research, Inc.
    15. John Joseph Wallis, 2001. "The Property Tax as a Coordinating Device: Financing Indiana's Mammoth Internal Improvement System, 1835 to 1842," NBER Historical Working Papers 0136, National Bureau of Economic Research, Inc.
    16. Baker, Zackary, 2018. "An Analysis of the United States Bank of Pennsylvania (1836‐1841)," Studies in Applied Economics 101, The Johns Hopkins Institute for Applied Economics, Global Health, and the Study of Business Enterprise.
    17. Peter L. Rousseau, 2016. "The Politics of Financial Development: A Review of Calomiris and Haber's Fragile by Design," Journal of Economic Literature, American Economic Association, vol. 54(1), pages 208-223, March.
    18. Peter L. Rousseau, 2013. "Politics on the road to the U.S. monetary union," Vanderbilt University Department of Economics Working Papers 13-00006, Vanderbilt University Department of Economics.
    19. Joseph Davis & Marc D. Weidenmier, 2016. "America's First Great Moderation," NBER Working Papers 21856, National Bureau of Economic Research, Inc.
    20. Joseph Davis & Vanguard Group; Christopher Hanes, 2004. "Primary Sector Shocks and Early American Industrialization," 2004 Meeting Papers 154, Society for Economic Dynamics.
    21. Charles W. Calomiris, 2007. "Bank Failures in Theory and History: The Great Depression and Other "Contagious" Events," NBER Working Papers 13597, National Bureau of Economic Research, Inc.
    22. Edward L. Glaeser, 2013. "A Nation Of Gamblers: Real Estate Speculation And American History," NBER Working Papers 18825, National Bureau of Economic Research, Inc.

  41. Peter L. Rousseau & Richard Sylla, 2000. "Emerging Financial Markets and Early U.S. Growth," Econometric Society World Congress 2000 Contributed Papers 1254, Econometric Society.

    Cited by:

    1. Rui Manuel Pereira, Alfredo Marvao Pereira and William J. Hausman, 2017. "Railroad Infrastructure Investments and Economic Development in the Antebellum United States," Journal of Economic Development, Chung-Ang Unviersity, Department of Economics, vol. 42(3), pages 1-16, September.
    2. Anders Ögren, 2008. "The Rational of Private Bank Note Issuance The Enskilda Banks in the Economic and Financial Development of Nineteenth Century Sweden," Working Papers hal-04140759, HAL.
    3. Peter L. Rousseau, 2004. "A Common Currency: Early U.S. Monetary Policy and the Transition to the Dollar," NBER Working Papers 10702, National Bureau of Economic Research, Inc.
    4. Caleb Stroup & Peter Rousseau, 2010. "Monetization and Growth in Colonial New England, 1703-1749," Working Papers 10-01, Davidson College, Department of Economics.
    5. Bekaert, Geert & Harvey, Campbell R., 2003. "Emerging markets finance," Journal of Empirical Finance, Elsevier, vol. 10(1-2), pages 3-56, February.
    6. Eric Hilt, 2009. "Wall Street's First Corporate Governance Crisis: The Panic of 1826," NBER Working Papers 14892, National Bureau of Economic Research, Inc.
    7. Peter L. Rousseau, 2009. "Monetary Policy and the Dollar," NBER Working Papers 14993, National Bureau of Economic Research, Inc.
    8. Svetlana Andrianova & Panicaos Demetriades & Chenggang Xu, 2008. "Political Economy Origins of Financial Markets in Europe and Asia," WEF Working Papers 0034, ESRC World Economy and Finance Research Programme, Birkbeck, University of London.
    9. Geert Bekaert & Campbell R. Harvey & Christian Lundblad, 2004. "Does Financial Liberalization Spur Growth?," Working Paper Research 53, National Bank of Belgium.
    10. Xu, Chenzi & Yang, He, 2024. "Real effects of supplying safe private money," Journal of Financial Economics, Elsevier, vol. 157(C).
    11. Mitchener, Kris James & Wheelock, David C., 2013. "Does the structure of banking markets affect economic growth? Evidence from U.S. state banking markets," Explorations in Economic History, Elsevier, vol. 50(2), pages 161-178.
    12. Söderlund, Bengt & Gustavsson Tingvall, Patrik, 2014. "Capital Freedom, Financial Development and Provincial Economic Growth in China," Ratio Working Papers 234, The Ratio Institute.
    13. Howard Bodenhorn, 2016. "Two Centuries of Finance and Growth in the United States, 1790-1980," NBER Working Papers 22652, National Bureau of Economic Research, Inc.
    14. Jeremy Atack & Michael R. Haines & Robert A. Margo, 2008. "Railroads and the Rise of the Factory: Evidence for the United States, 1850-70," NBER Working Papers 14410, National Bureau of Economic Research, Inc.
    15. Ager, Philipp & Spargoli, Fabrizio, 2013. "Bank Deregulation, Competition and Economic Growth: The US Free Banking Experience," MPRA Paper 49269, University Library of Munich, Germany.
    16. Rousseau, Peter L., 2011. "The Market for Bank Stocks and the Rise of Deposit Banking in New York City, 1866–1897," The Journal of Economic History, Cambridge University Press, vol. 71(4), pages 976-1005, December.
    17. Marco Pagano, 2013. "Finance: Economic Lifeblood or Toxin?," World Scientific Book Chapters, in: Viral V Acharya & Thorsten Beck & Douglas D Evanoff & George G Kaufman & Richard Portes (ed.), The Social Value of the Financial Sector Too Big to Fail or Just Too Big?, chapter 8, pages 109-146, World Scientific Publishing Co. Pte. Ltd..
    18. Mishkin, Frederic S. & Savastano, Miguel A., 2001. "Monetary policy strategies for Latin America," Journal of Development Economics, Elsevier, vol. 66(2), pages 415-444, December.
    19. Beck, T.H.L., 2011. "The Role of Finance in Economic Development : Benefits, Risks, and Politics," Other publications TiSEM f9c81fe6-f2cd-4fa7-b598-e, Tilburg University, School of Economics and Management.
    20. Howard Bodenhorn, 2017. "Finance and Growth: Household Savings, Public Investment, and Public Health in Late Nineteenth-Century New Jersey," NBER Working Papers 23430, National Bureau of Economic Research, Inc.
    21. Marcella Alsan & Katherine Eriksson & Gregory Niemesh, 2020. "Understanding the Success of the Know-Nothing Party," NBER Working Papers 28078, National Bureau of Economic Research, Inc.
    22. Liang, Lin & Lin, Shanglang & Li, Yong, 2014. "How agglomeration in the financial services industry influences economic growth: Evidence from Chinese cities," Economics Discussion Papers 2014-6, Kiel Institute for the World Economy (IfW Kiel).
    23. Barry Eichengreen, 2014. "International Currencies Past, Present and Future: Two Views from Economic History," Working Papers 2014-31, Economic Research Institute, Bank of Korea.
    24. Phiri, Andrew, 2014. "Asymmetric co-integration and causality effects between financial development and economic growth in South Africa," MPRA Paper 53055, University Library of Munich, Germany.
    25. Emmanuel Carré & Guillaume L'Oeillet, 2018. "The Literature on the Finance–Growth Nexus in the Aftermath of the Financial Crisis: A Review," Post-Print halshs-01746069, HAL.
    26. Rafael Cariello & Thales Zamberlan Pereira, 2024. "Goodbye, Mr. Portugal: Fiscal crisis, constitutional revolution, and the independence of Brazil (1808–22)," Economic History Review, Economic History Society, vol. 77(2), pages 728-749, May.
    27. Alex Trew, 2010. "Infrastructure Finance and Industrial Takeoff in England," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 42(6), pages 985-1010, September.
    28. Neal, Larry & White, Eugene N., 2012. "The Glass–Steagall Act in historical perspective," The Quarterly Review of Economics and Finance, Elsevier, vol. 52(2), pages 104-113.
    29. Pejman Abedifar & Iftekhar Hasan & Amine Tarazi, 2014. "Finance-Growth Nexus and Dual Banking System: Relative Importance of Islamic Banks," Working Papers hal-01065676, HAL.
    30. Mariusz Prochniak & Katarzyna Wasiak, 2017. "The impact of the financial system on economic growth in the context of the global crisis: empirical evidence for the EU and OECD countries," Empirica, Springer;Austrian Institute for Economic Research;Austrian Economic Association, vol. 44(2), pages 295-337, May.
    31. Jakob B. Madsen & James B. Ang & Rajabrata Banerjee, 2010. "Four Centuries of British Economic Growth: The Roles of Technology and Population," Development Research Unit Working Paper Series 03-10, Monash University, Department of Economics.
    32. Gavin Wright, 2022. "Slavery and the Rise of the Nineteenth-Century American Economy," Journal of Economic Perspectives, American Economic Association, vol. 36(2), pages 123-148, Spring.
    33. Piotr Wiesiolek & Dobieslaw Tymoczko, 2015. "The evolution of banking sectors in Central and Eastern Europe - the case of Pola," BIS Papers chapters, in: Bank for International Settlements (ed.), What do new forms of finance mean for EM central banks?, volume 83, pages 313-324, Bank for International Settlements.
    34. Nicholas A. Curott & Tyler A. Watts, 2018. "A Monetary Explanation for the Recession of 1797," Eastern Economic Journal, Palgrave Macmillan;Eastern Economic Association, vol. 44(3), pages 381-399, June.
    35. Zhang, Jin & Wang, Lanfang & Wang, Susheng, 2012. "Financial development and economic growth: Recent evidence from China," Journal of Comparative Economics, Elsevier, vol. 40(3), pages 393-412.
    36. Allen, Franklin, et al., 2010. "How Important Historically Were Financial Systems for Growth in the U.K., U.S., Germany, and Japan?," Working Papers 10-27, University of Pennsylvania, Wharton School, Weiss Center.
    37. Knorr Cetina, Karin, 2007. "Economic sociology and the sociology of finance: Four distinctions, two developments, one field?," economic sociology. perspectives and conversations, Max Planck Institute for the Study of Societies, vol. 8(3), pages 4-10.
    38. G. Romashkina & E. Romashkina, 2020. "The effect of the banking systems of the Arctic Council countries on their economic development," International Journal of System Assurance Engineering and Management, Springer;The Society for Reliability, Engineering Quality and Operations Management (SREQOM),India, and Division of Operation and Maintenance, Lulea University of Technology, Sweden, vol. 11(1), pages 76-83, May.
    39. Peter L. Rousseau & Paul Wachtel, 2017. "Episodes of financial deepening: credit booms or growth generators?," Vanderbilt University Department of Economics Working Papers 17-00009, Vanderbilt University Department of Economics.
    40. Brown, James R. & Martinsson, Gustav & Petersen, Bruce C., 2017. "Stock markets, credit markets, and technology-led growth," Journal of Financial Intermediation, Elsevier, vol. 32(C), pages 45-59.
    41. Peter L. Rousseau, 2003. "Historical perspectives on financial development and economic growth," Review, Federal Reserve Bank of St. Louis, vol. 85(Jul), pages 81-106.
    42. Gavin Wright, 2000. "The Role of Nationhood in the Economic Development of the USA," Working Papers 00024, Stanford University, Department of Economics.
    43. Philip T. Hoffman & Gilles Postel-Vinay & Jean-Laurent Rosenthal, 2015. "Entry, information, and financial development: A century of competition between French banks and notaries," PSE-Ecole d'économie de Paris (Postprint) halshs-01207248, HAL.
    44. Rousseau, Peter L. & Sylla, Richard, 2006. "Financial revolutions and economic growth: Introducing this EEH symposium," Explorations in Economic History, Elsevier, vol. 43(1), pages 1-12, January.
    45. Matthew Jaremski & Peter L. Rousseau, 2013. "Banks, Free Banks, And U.S. Economic Growth," Economic Inquiry, Western Economic Association International, vol. 51(2), pages 1603-1621, April.
    46. Bodenhorn, Howard & Cuberes, David, 2018. "Finance and urbanization in early nineteenth-century New York," Journal of Urban Economics, Elsevier, vol. 104(C), pages 47-58.
    47. Matthew S. Jaremski, 2013. "National Banking's Role in U.S. Industrialization, 1850-1900," NBER Working Papers 18789, National Bureau of Economic Research, Inc.
    48. Jaremski, Matthew, 2017. "Privately Issued Money in the US," Working Papers 2017-05, Department of Economics, Colgate University, revised 20 Sep 2017.
    49. David Grreasley, 2010. "Cliometrics and Time Series Econometrics: Some Theory and Applications," Working Papers in Economics 10/56, University of Canterbury, Department of Economics and Finance.
    50. Alberto BUCCI & Simone MARSIGLIO, 2016. "Financial Development and Economic Growth: Long Run Equilibrium and Transitional Dynamics," Departmental Working Papers 2016-16, Department of Economics, Management and Quantitative Methods at Università degli Studi di Milano.
    51. Peter L. Rousseau & Richard Sylla, 2003. "Financial Systems, Economic Growth, and Globalization," NBER Chapters, in: Globalization in Historical Perspective, pages 373-416, National Bureau of Economic Research, Inc.
    52. Demirguc-Kunt, Asli, 2006. "Finance and economic development : policy choices for developing countries," Policy Research Working Paper Series 3955, The World Bank.
    53. Peter L. Rousseau, 2007. "Backing, the Quantity Theory, and the Transition to the U.S. Dollar, 1723-1850," NBER Working Papers 12835, National Bureau of Economic Research, Inc.
    54. Ayyagari, Meghana & Demirguc-Kunt, Asli & Maksimovic, Vojislav, 2008. "Formal versus informal finance : evidence from China," Policy Research Working Paper Series 4465, The World Bank.
    55. Emmanuel Carré & Guillaume L'Oeillet, 2017. "Une revue de la littérature récente sur le nexus finance-croissance après la crise : apports, limites et pistes de recherche," Post-Print halshs-01683732, HAL.
    56. Jansson, Walter, 2018. "Stock markets, banks and economic growth in the UK, 1850–1913," Financial History Review, Cambridge University Press, vol. 25(3), pages 263-296, December.
    57. Andrea Incerpi & Barbara Pistoresi & Alberto Rinaldi, 2020. "Finance and Economic Development in Italy, 1870-1913," Department of Economics 0162, University of Modena and Reggio E., Faculty of Economics "Marco Biagi".
    58. Hilt, Eric, 2008. "When did Ownership Separate from Control? Corporate Governance in the Early Nineteenth Century," The Journal of Economic History, Cambridge University Press, vol. 68(3), pages 645-685, September.
    59. Thorsten Beck, 2009. "The Econometrics of Finance and Growth," Palgrave Macmillan Books, in: Terence C. Mills & Kerry Patterson (ed.), Palgrave Handbook of Econometrics, chapter 25, pages 1180-1209, Palgrave Macmillan.
    60. Nieuwerburgh, Stijn Van & Buelens, Frans & Cuyvers, Ludo, 2006. "Stock market development and economic growth in Belgium," Explorations in Economic History, Elsevier, vol. 43(1), pages 13-38, January.
    61. Alex Trew, 2006. "Finance and Growth: A Critical Survey," The Economic Record, The Economic Society of Australia, vol. 82(259), pages 481-490, December.
    62. Howard Bodenhorn & David Cuberes, 2010. "Financial development and city growth: Evidence from Northeastern American cities, 1790-1870," Working Papers 2010/35, Institut d'Economia de Barcelona (IEB).
    63. Banerjee, Rajabrata, 2011. "The US-UK productivity gap in the twentieth century: a race between technology and population," MPRA Paper 30889, University Library of Munich, Germany.
    64. Peter L. Rousseau, 2016. "The Politics of Financial Development: A Review of Calomiris and Haber's Fragile by Design," Journal of Economic Literature, American Economic Association, vol. 54(1), pages 208-223, March.
    65. Satyananda Sahoo, 2014. "Financial Intermediation and Growth: Bank-Based versus Market-Based Systems," Margin: The Journal of Applied Economic Research, National Council of Applied Economic Research, vol. 8(2), pages 93-114, May.
    66. Peter L. Rousseau, 2013. "Politics on the road to the U.S. monetary union," Vanderbilt University Department of Economics Working Papers 13-00006, Vanderbilt University Department of Economics.
    67. Rousseau, Peter L., 2009. "Share liquidity, participation, and growth of the Boston market for industrial equities, 1854-1897," Explorations in Economic History, Elsevier, vol. 46(2), pages 203-219, April.
    68. Patrick E. Shea & Paul Poast, 2018. "War and Default," Journal of Conflict Resolution, Peace Science Society (International), vol. 62(9), pages 1876-1904, October.
    69. Donald F. Vitaliano, 2024. "Asymmetric information and capital mobility in antebellum America," American Journal of Economics and Sociology, Wiley Blackwell, vol. 83(2), pages 393-406, March.
    70. Ferreira, Miguel A. & Laux, Paul A., 2009. "Portfolio flows, volatility and growth," Journal of International Money and Finance, Elsevier, vol. 28(2), pages 271-292, March.
    71. Andrea Incerpi & Barbara Pistoresi & Alberto Rinaldi, 2020. "Finance and Development in Italy, 1870-1913," International Journal of Economics and Finance, Canadian Center of Science and Education, vol. 12(9), pages 1-95, September.
    72. Jeremy Atack & Fred Bateman & Robert A. Margo, 2005. "Capital deepening and the rise of the factory: the American experience during the nineteenth century," Economic History Review, Economic History Society, vol. 58(3), pages 586-595, August.
    73. Saša Obradović & Milka Grbić, 2015. "Causality Relationship between Financial Intermediation by Banks and Economic Growth: Evidence from Serbia," Prague Economic Papers, Prague University of Economics and Business, vol. 2015(1), pages 60-72.
    74. Burhop, Carsten, 2006. "Did banks cause the German industrialization?," Explorations in Economic History, Elsevier, vol. 43(1), pages 39-63, January.
    75. Enisan, Akinlo A. & Olufisayo, Akinlo O., 2009. "Stock market development and economic growth: Evidence from seven sub-Sahara African countries," Journal of Economics and Business, Elsevier, vol. 61(2), pages 162-171.
    76. Delia-Elena DIACONAŞU, 2015. "Stock market – economy growth nexus in an emerging country. The case of Romania," Theoretical and Applied Economics, Asociatia Generala a Economistilor din Romania / Editura Economica, vol. 0(2(603), S), pages 103-112, Summer.
    77. Vitor Gaspar, 2014. "The Making of a Continental Financial System: Lessons for Europe from Early American History," IMF Working Papers 2014/183, International Monetary Fund.

  42. Clive Bell & Peter L. Rousseau, 2000. "Post-Independence India: A Case of Finance-Led Industrialization?," Vanderbilt University Department of Economics Working Papers 0019, Vanderbilt University Department of Economics.

    Cited by:

    1. Muhammad, Shahbaz & Saleheen, Khan & Mohammad, Iqbal Tahir, 2012. "The Dynamic Link between Energy Consumption, Economic Growth, Financial Development and Trade in China: Fresh Evidence from Multivariate Framework Analysis," MPRA Paper 42974, University Library of Munich, Germany, revised 26 Nov 2012.
    2. Ho, Chun-Yu, 2012. "Market structure, welfare, and banking reform in China," Journal of Comparative Economics, Elsevier, vol. 40(2), pages 291-313.
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    12. Kim, Jong Hun & Rousseau, Peter L., 2012. "Credit buildups and the stock market in four East Asian economies," Journal of Macroeconomics, Elsevier, vol. 34(2), pages 489-503.
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    20. Singh, Nirvikar, 2006. "Services-Led Industrialization in India: Assessment and Lessons," Santa Cruz Department of Economics, Working Paper Series qt8jn2b8z6, Department of Economics, UC Santa Cruz.
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    25. Wang, Chao & Zhang, Xinyi & Vilela, André L.M. & Liu, Chao & Stanley, H. Eugene, 2019. "Industrial structure upgrading and the impact of the capital market from 1998 to 2015: A spatial econometric analysis in Chinese regions," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 513(C), pages 189-201.
    26. Sumon Kumar Bhaumik & Jenifer Piesse, 2006. "Does lending behaviour of banks in emerging economies vary by ownership? Evidence from the Indian banking sector," CEDI Discussion Paper Series 06-01, Centre for Economic Development and Institutions(CEDI), Brunel University.
    27. Liang, Qi & Teng, Jian-Zhou, 2006. "Financial development and economic growth: Evidence from China," China Economic Review, Elsevier, vol. 17(4), pages 395-411.
    28. Mr. Serhan Cevik & Mr. Mohammad Rahmati, 2013. "Searching for the Finance-Growth Nexus in Libya," IMF Working Papers 2013/092, International Monetary Fund.
    29. Swamy, Vighneswara, 2011. "Does Government Intervention in Credit Deployment Cause Inclusive Growth? – An Evidence from Indian Banking," MPRA Paper 48100, University Library of Munich, Germany.
    30. Isabel Sainz-Fernandez & Begoña Torre-Olmo & Carlos López-Gutiérrez & Sergio Sanfilippo-Azofra, 2018. "Development of the Financial Sector and Growth of Microfinance Institutions: The Moderating Effect of Economic Growth," Sustainability, MDPI, vol. 10(11), pages 1-16, October.
    31. Islam, Faridul & Shahbaz, Muhammad & Rahman, Mohammad Mafizur, 2013. "Trade Openness, Financial Development Energy Use and Economic Growth in Australia:Evidence on Long Run Relation with Structural Breaks," MPRA Paper 52546, University Library of Munich, Germany, revised 28 Dec 2013.
    32. Prettner, Catherine, 2016. "Nonlinearities and Parameter Instability in the Finance-Growth Nexus," Department of Economics Working Paper Series 224, WU Vienna University of Economics and Business.
    33. Singh, Nirvikar & Srinivasan, T. N., 2004. "Fiscal Policy in India: Lessons and Priorities," Santa Cruz Center for International Economics, Working Paper Series qt67t3p20w, Center for International Economics, UC Santa Cruz.
    34. James B. Ang, 2007. "A Survey Of Recent Developments In The Literature Of Finance And Growth," Monash Economics Working Papers 03-07, Monash University, Department of Economics.
    35. Bordo, Michael D. & Rousseau, Peter L., 2006. "Legal-political factors and the historical evolution of the finance-growth link," European Review of Economic History, Cambridge University Press, vol. 10(3), pages 421-444, December.
    36. Ang, James B. & McKibbin, Warwick J., 2007. "Financial liberalization, financial sector development and growth: Evidence from Malaysia," Journal of Development Economics, Elsevier, vol. 84(1), pages 215-233, September.
    37. Pande, Rohini & Udry, Christopher R., 2005. "Institutions and Development: A View from Below," Center Discussion Papers 28468, Yale University, Economic Growth Center.
    38. Amrita Chatterjee & Simontini Das, 2019. "Information and Communication Technology Diffusion and Financial Inclusion: An Interstate Analysis for India," Working Papers 2019-178, Madras School of Economics,Chennai,India.
    39. Jie Li & Han Yu, 2014. "Income inequality and financial reform in Asia: the role of human capital," Applied Economics, Taylor & Francis Journals, vol. 46(24), pages 2920-2935, August.
    40. Catherine Prettner, 2016. "Nonlinearities and Parameter Instability in the Finance-Growth Nexus," Department of Economics Working Papers wuwp224, Vienna University of Economics and Business, Department of Economics.
    41. Ali Raza Cheema & Attiya Yasmin Javid, 2015. "The Relationship between Disaggregate Energy Consumption, Economic Growth and Environment for Asian Developing Economies," PIDE-Working Papers 2015:115, Pakistan Institute of Development Economics.
    42. Fredrik N. G. Andersson & Katarzyna Burzynska & Sonja Opper, 2016. "Lending for growth? A Granger causality analysis of China’s finance–growth nexus," Empirical Economics, Springer, vol. 51(3), pages 897-920, November.
    43. Ilhan Ozturk, 2007. "Finance–Growth Nexus: Empirical Evidence from South Africa," Economic Studies journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 4, pages 3-17.
    44. Tursoy, Turgut, 2018. "The dynamic relationship between Financial Development and the Energy Demand in North Cyprus: Evidence from ARDL Bounds and Combine Cointegration Tests," MPRA Paper 88324, University Library of Munich, Germany.
    45. Omar A Mendoza Lugo, 2008. "The differential impact of real interest rates and credit availability on private investment: evidence from Venezuela," BIS Papers chapters, in: Bank for International Settlements (ed.), Transmission mechanisms for monetary policy in emerging market economies, volume 35, pages 501-537, Bank for International Settlements.
    46. Fukuda, Takashi & Dahalan, Jauhari, 2011. "Finance-Growth-Crisis Nexus in India: Evidence from Cointegration and Causality Assessment," MPRA Paper 39467, University Library of Munich, Germany.
    47. Anand S. Kodan & Kuldip S. Chhikara, 2011. "Status of Financial Inclusion in Haryana: An Evidence of Commercial Banks," Management and Labour Studies, XLRI Jamshedpur, School of Business Management & Human Resources, vol. 36(3), pages 247-267, August.
    48. Peter L. Rousseau & Richard Sylla, 2003. "Financial Systems, Economic Growth, and Globalization," NBER Chapters, in: Globalization in Historical Perspective, pages 373-416, National Bureau of Economic Research, Inc.
    49. Vassiki Sanogo & Richard K. Moussa, 2017. "Financial Reforms, Financial Development, and Economic Growth in the Ivory Coast," Economies, MDPI, vol. 5(1), pages 1-23, February.
    50. Shujie Yao & Dan Luo & Stephen Morgan, 2008. "Shanghai Stock Exchange Composite Index and Bank Stock Prices in China: A Causality Analysis," Discussion Papers 08/25, University of Nottingham, GEP.
    51. Mita Bhattacharya & Paresh K. Narayan & Stephen Popp & Badri N. Rath, 2009. "The Productivity-Wage And Productivityemployment Nexus - A Panel Data Analysis Of Indian Manufacturing," Development Research Unit Working Paper Series 07-09, Monash University, Department of Economics.
    52. Mustapha Ben Hassine & Nizar Harrathi, 2017. "The Causal Links between Economic Growth, Renewable Energy, Financial Development and Foreign Trade in Gulf Cooperation Council Countries," International Journal of Energy Economics and Policy, Econjournals, vol. 7(2), pages 76-85.
    53. Thorsten Beck, 2009. "The Econometrics of Finance and Growth," Palgrave Macmillan Books, in: Terence C. Mills & Kerry Patterson (ed.), Palgrave Handbook of Econometrics, chapter 25, pages 1180-1209, Palgrave Macmillan.
    54. Rousseau, Peter L. & Wachtel, Paul, 2002. "Inflation thresholds and the finance-growth nexus," Journal of International Money and Finance, Elsevier, vol. 21(6), pages 777-793, November.
    55. Albert Berry, 2018. "India’s 1970s-1990s Step-wise Growth Acceleration: Causes and Impacts," Journal of Development Innovations, KarmaQuest International, vol. 2(1), pages 14-38, May.
    56. Kendall, Jake, 2012. "Local financial development and growth," Journal of Banking & Finance, Elsevier, vol. 36(5), pages 1548-1562.
    57. Hu, May & Zhang, Jing & Chao, Chichur, 2019. "Regional financial efficiency and its non-linear effects on economic growth in China," International Review of Economics & Finance, Elsevier, vol. 59(C), pages 193-206.
    58. Tronzano, Marco, 2011. "“Finance and Growth: A Reassessment of the Empirical Evidence for the Indian Economy” - Finanza e crescita: un riesame dell’evidenza empirica nel caso dell’India," Economia Internazionale / International Economics, Camera di Commercio Industria Artigianato Agricoltura di Genova, vol. 64(3), pages 329-364.
    59. Rousseau, Peter L. & D’Onofrio, Alexandra, 2013. "Monetization, Financial Development, and Growth: Time Series Evidence from 22 Countries in Sub-Saharan Africa," World Development, Elsevier, vol. 51(C), pages 132-153.
    60. Onyinye I. Anthony-Orji & Anthony Orji & Jonathan E. Ogbuabor, 2018. "Analysis of Stock Market Development, Foreign Private Investment and Economic Growth in Nigeria," Journal of Infrastructure Development, India Development Foundation, vol. 10(1-2), pages 1-17, June.
    61. Anand S. Kodan (Kablana) & Kuldip S. Chhikara, 2013. "A Theoretical and Quantitative Analysis of Financial Inclusion and Economic Growth," Management and Labour Studies, XLRI Jamshedpur, School of Business Management & Human Resources, vol. 38(1-2), pages 103-133, February.
    62. Fukuda, Takashi & Dahalan, Jauhari, 2011. "“Finance-Growth-Crisis Nexus in India: Evidence from Cointegration and Causality Assessment” - L’interazione finanza-crescita-crisi in India: evidenze da una analisi di cointegrazione e causalità," Economia Internazionale / International Economics, Camera di Commercio Industria Artigianato Agricoltura di Genova, vol. 64(3), pages 297-328.
    63. Shaista Arshad & Omair Haroon & Syed Aun R. Rizvi, 2019. "Understanding Asian Emerging Stock Markets," Bulletin of Monetary Economics and Banking, Bank Indonesia, vol. 21(12th BMEB), pages 495-510, January.
    64. Sumon Kumar Bhaumik & Jenifer Piesse, 2005. "The Risk Aversion of Banks in Emerging Credit markets: Evidence from India," William Davidson Institute Working Papers Series wp774, William Davidson Institute at the University of Michigan.
    65. Mishra, Sagarika & Narayan, Paresh Kumar, 2015. "A nonparametric model of financial system and economic growth," International Review of Economics & Finance, Elsevier, vol. 39(C), pages 175-191.
    66. Haroon Rasool & Shafat Maqbool & Md. Tarique, 2021. "The relationship between tourism and economic growth among BRICS countries: a panel cointegration analysis," Future Business Journal, Springer, vol. 7(1), pages 1-11, December.
    67. Sarkar, Prabirjit, 2011. "Does finance matter for growth? what the data show," MPRA Paper 32937, University Library of Munich, Germany.
    68. Rousseau, Peter L. & Vuthipadadorn, Dadanee, 2005. "Finance, investment, and growth: Time series evidence from 10 Asian economies," Journal of Macroeconomics, Elsevier, vol. 27(1), pages 87-106, March.
    69. Padin, Jose A., 2003. "Puerto Rico in the Post War: Liberalized Development Banking and the Fall of the "Fifth Tiger"," World Development, Elsevier, vol. 31(2), pages 281-301, February.

  43. Paul Wachtel & Peter L. Rousseau, 2000. "Inflation, Financial Development and Growth," Working Papers 00-10, New York University, Leonard N. Stern School of Business, Department of Economics.

    Cited by:

    1. Kangni Kpodar & Patrick Imam, 2010. "Islamic Banking: How Has it Diffused?," Post-Print halshs-00669673, HAL.
    2. Gylfason, Thorvaldur & Herbertsson, Tryggvi Thor, 1996. "Does Inflation Matter for Growth?," CEPR Discussion Papers 1503, C.E.P.R. Discussion Papers.
    3. Badry Hechmy, 2016. "Financial Deepening-Economic Performance Nexus, An attempt to Study Granger-Causality through Spectral Time Series Analysis in MENA Countries," Post-Print halshs-01349066, HAL.
    4. Max Gillman & Mark N. Harris, 2004. "Inflation, Financial Development and Endogenous Growth," Monash Econometrics and Business Statistics Working Papers 24/04, Monash University, Department of Econometrics and Business Statistics.
    5. Stanislaw Flejterski & Marta Postula, 2020. "Wplyw struktury wlasnosci instytucji finansowych w krajach UE na rozwoj spoleczno-gospodarczy (The impact of the ownership structure of financial institutions in EU countries on the socio-economic dev," Research Reports, University of Warsaw, Faculty of Management, vol. 2(33), pages 5-17.
    6. Max Gillman & Mark N. Harris, 2004. "Inflation, Financial Development and Growth in Transition Countries," Monash Econometrics and Business Statistics Working Papers 23/04, Monash University, Department of Econometrics and Business Statistics.
    7. Kendall, Jake, 2012. "Local financial development and growth," Journal of Banking & Finance, Elsevier, vol. 36(5), pages 1548-1562.
    8. Kunofiwa Tsaurai, 2017. "Inflation Thresholds-Financial Development Nexus in South-Eastern Asian Emerging Markets," Journal of Economics and Behavioral Studies, AMH International, vol. 9(4), pages 14-24.
    9. Md. Noman Siddikee & Mohammad Mafizur Rahman, 2021. "Foreign Direct Investment, Financial Development, and Economic Growth Nexus in Bangladesh," The American Economist, Sage Publications, vol. 66(2), pages 265-280, October.
    10. Max Gillman & Mark N Harris & Michal Kejak, 2007. "The Interaction of Inflation and Financial Development with Endogenous Growth," Money Macro and Finance (MMF) Research Group Conference 2006 29, Money Macro and Finance Research Group.

  44. Boyan Jovanovic & Peter L. Rousseau, 2000. "The Electricity Revolution and the Stock Market, 1885-1928," Econometric Society World Congress 2000 Contributed Papers 1478, Econometric Society.

    Cited by:

    1. Robert F. Bruner & Scott C. Miller, 2019. "The Great Crash of 1929: A Look Back After 90 Years," Journal of Applied Corporate Finance, Morgan Stanley, vol. 31(4), pages 43-58, December.

  45. Peter L. Rousseau, 1999. "Share Liquidity and Industrial Growth in an Emerging Market: The Case of New England, 1854-1897," NBER Historical Working Papers 0117, National Bureau of Economic Research, Inc.

    Cited by:

    1. Boyan Jovanovic & Peter L. Rousseau, 2001. "Vintage Organization Capital," NBER Working Papers 8166, National Bureau of Economic Research, Inc.
    2. Rousseau, Peter L. & Sylla, Richard, 2005. "Emerging financial markets and early US growth," Explorations in Economic History, Elsevier, vol. 42(1), pages 1-26, January.
    3. Peter L. Rousseau & Boyan Jovanovic, 2004. "General Purpose Technologies," 2004 Meeting Papers 103, Society for Economic Dynamics.

  46. Peter L. Rousseau & Paul Wachtel, 1998. "Equity Markets and Growth: Cross-Country Evidence on Timing and Outcomes, 1980-1995," Working Papers 98-09, New York University, Leonard N. Stern School of Business, Department of Economics.

    Cited by:

    1. Seven, Unal & Kilinc, Dilara & Coskun, Yener, 2017. "Does Credit Composition Have Asymmetric Effects on Income Inequality?," MPRA Paper 82104, University Library of Munich, Germany.
    2. Castaneda, Gonzalo, 2006. "Economic growth and concentrated ownership in stock markets," Journal of Economic Behavior & Organization, Elsevier, vol. 59(2), pages 249-286, February.
    3. Gunther Capelle-Blancard, 2018. "What is the Point of (the Hundreds of Thousands of Billions of) Stock Transactions?," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) hal-03029284, HAL.
    4. Hamid Raza & Bjorn Gudmundsson & Gylfi Zoega & Stephen Kinsella, 2016. "Two thorns of experience: financialisation in Iceland and Ireland," International Review of Applied Economics, Taylor & Francis Journals, vol. 30(6), pages 771-789, November.
    5. K A El-Wassal, 2005. "Stock Market Growth: An analysis of cointegration and causality," Economic Issues Journal Articles, Economic Issues, vol. 10(1), pages 37-58, March.
    6. Zuzana Fungacova, 2005. "Building a Castle on Sand: Effects of Mass Privatization on Capital Market Creation in Transition Economies," CERGE-EI Working Papers wp256, The Center for Economic Research and Graduate Education - Economics Institute, Prague.
    7. Jérôme Creel & Paul Hubert & Fabien Labondance, 2013. "Financial stability and economic performance," SciencePo Working papers Main hal-01064263, HAL.
    8. Komulainen, Mari & Takalo, Tuomas, 2009. "Does State Street lead to Europe? The case of financial exchange innovations," Bank of Finland Research Discussion Papers 22/2009, Bank of Finland.
    9. Chang, Shu-Lien & Lee, Yun-Huan, 2019. "Returns spillovers between tourism ETFs," The North American Journal of Economics and Finance, Elsevier, vol. 50(C).
    10. Chakraborty, Kalyan, 2020. "Development of financial market activities and economic growth: A cross-country evidence," Applied Econometrics, Russian Presidential Academy of National Economy and Public Administration (RANEPA), vol. 60, pages 26-47.
    11. Abdul Bahri, Elya Nabila & Mohd Nor, Abu Hassan Shaari & Sarmidi, Tamat & Haji Mohd Nor, Nor Hakimah, 2018. "Nonlinear Relationship between Financial Development and Economic Growth: Evidence from Post Global Financial Crisis Panel Data," Jurnal Ekonomi Malaysia, Faculty of Economics and Business, Universiti Kebangsaan Malaysia, vol. 52(1), pages 15-30.
    12. Alin Marius Andrieş & Mihaela Brodocianu & Nicu Sprincean, 2023. "The role of institutional investors in the financial development," Economic Change and Restructuring, Springer, vol. 56(1), pages 345-378, February.
    13. Edgar A. Ghossoub & Robert Reed, 2008. "The Stock Market, Monetary Policy, and Economic Development," Working Papers 0071, College of Business, University of Texas at San Antonio.
    14. Víctor Alexánder Díaz Espana, 2014. "Crédito privado, crédito bancario y producto interno bruto: evidencia para una muestra suramericana," Revista ESPE - Ensayos Sobre Política Económica, Banco de la República, vol. 32(73), pages 104-126, July.
    15. Bonin, John & Wachtel, Paul, 2002. "Financial sector development in transition economies: Lessons from the first decade," BOFIT Discussion Papers 9/2002, Bank of Finland Institute for Emerging Economies (BOFIT).
    16. Geert Bekaert & Campbell R. Harvey & Christian Lundblad, 2004. "Does Financial Liberalization Spur Growth?," Working Paper Research 53, National Bank of Belgium.
    17. Söderlund, Bengt & Gustavsson Tingvall, Patrik, 2014. "Capital Freedom, Financial Development and Provincial Economic Growth in China," Ratio Working Papers 234, The Ratio Institute.
    18. Meshel Chibvongodze & Farai Kwenda & Mabutho Sibanda, 2014. "The Relationship between Banks, Stock Market and Economic Growth: Evidence from South Africa," Acta Universitatis Danubius. OEconomica, Danubius University of Galati, issue 2(2), pages 231-242, April.
    19. Laurent Cavenaile & Christian Gengenbach & Franz Palm, 2013. "Stock Markets, Banks and Long Run Economics Growth: A Panel Cointegration-Based Analysis," CESifo Working Paper Series 4513, CESifo.
    20. Jeevan Kumar Bhattarai & Ramji Gautam & Keshab Khatri Chettri, 2024. "Stock Market Development and Economic Growth: Empirical Evidence from Nepal," Global Business Review, International Management Institute, vol. 25(6), pages 1510-1524, December.
    21. Khalid, Usman & Shafiullah, Muhammad, 2020. "Financial Development and Governance: A Panel Data Analysis Incorporating Cross-sectional Dependence," MPRA Paper 100880, University Library of Munich, Germany.
    22. Wei, Hua & Rizvi, Syed Kumail Abbas & Ahmad, Ferhana & Zhang, Yuchen, 2020. "Resource cursed or resource blessed? The role of investment and energy prices in G7 countries," Resources Policy, Elsevier, vol. 67(C).
    23. Xiao, Sheng & Zhao, Shan, 2012. "Financial development, government ownership of banks and firm innovation," Journal of International Money and Finance, Elsevier, vol. 31(4), pages 880-906.
    24. Paul Wachtel & Peter L. Rousseau, 2006. "What is happening to the impact of financial deepening on economic growth?," Working Papers 06-15, New York University, Leonard N. Stern School of Business, Department of Economics.
    25. Jérôme Creel & Paul Hubert & Fabien Labondance, 2020. "Credit, banking fragility and economic performance," Working Papers hal-03403072, HAL.
    26. Arusha Cooray, 2010. "Does the size and quality of the government explain the size and efficiency of the financial sector?," CAMA Working Papers 2010-32, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University.
    27. Marques, Luís Miguel & Fuinhas, José Alberto & Marques, António Cardoso, 2012. "Interação entre o mercado acionista e o crescimento económico: Uma apreciação do caso português (1993-2010) [Interaction between the stock market and economic growth: An assessment of the Portugues," MPRA Paper 39808, University Library of Munich, Germany.
    28. Chauhan, Yogesh & Jaiswall, Manju & Goyal, Vinay, 2022. "Does societal trust affect corporate capital structure?," Emerging Markets Review, Elsevier, vol. 51(PA).
    29. Paul Wachtel, 2017. "Credit Deepening: Precursor to growth or crisis?," Working Papers 17-04, New York University, Leonard N. Stern School of Business, Department of Economics.
    30. M. Mallikarjuna & R. Prabhakara Rao, 2019. "Evaluation of forecasting methods from selected stock market returns," Financial Innovation, Springer;Southwestern University of Finance and Economics, vol. 5(1), pages 1-16, December.
    31. Rousseau, Peter L. & Xiao, Sheng, 2007. "Banks, stock markets, and China's `great leap forward'," Emerging Markets Review, Elsevier, vol. 8(3), pages 206-217, September.
    32. Lukasz Zieba, 2021. "Stock Exchange Development in V4 Countries," European Research Studies Journal, European Research Studies Journal, vol. 0(Special 4), pages 300-307.
    33. J Korosteleva & Colin Lawson, 2009. "The Belarusian Case of Transition: Whither Financial Repression?," Department of Economics Working Papers 4/09, University of Bath, Department of Economics.
    34. Masoome Fouladi & Hedieh Setayesh & Yazdan Goudarzi-Farahani, 2014. "Factors influencing the formation of corruption in oil-rich countries," 2nd International Conference on Energy, Regional Integration and Socio-Economic Development 7689, EcoMod.
    35. Durusu-Ciftci, Dilek & Ispir, M. Serdar & Yetkiner, Hakan, 2017. "Financial development and economic growth: Some theory and more evidence," Journal of Policy Modeling, Elsevier, vol. 39(2), pages 290-306.
    36. Najeb Masoud & Glenn Hardaker, 2012. "The impact of financial development on economic growth," Studies in Economics and Finance, Emerald Group Publishing Limited, vol. 29(3), pages 148-173, July.
    37. Koivu, Tuuli, 2002. "Do efficient banking sectors accelerate economic growth in transition countries?," BOFIT Discussion Papers 14/2002, Bank of Finland Institute for Emerging Economies (BOFIT).
    38. Kim, Jong Hun & Rousseau, Peter L., 2012. "Credit buildups and the stock market in four East Asian economies," Journal of Macroeconomics, Elsevier, vol. 34(2), pages 489-503.
    39. Clement Olalekan Olaniyi & Olaolu Richard Olayeni, 2020. "A new perspective into the relationship between CEO pay and firm performance: evidence from Nigeria’s listed firms," Journal of Social and Economic Development, Springer;Institute for Social and Economic Change, vol. 22(2), pages 250-277, December.
    40. Philip Arestis & Georgios Chortareas & Georgios Magkonis, 2015. "The Financial Development And Growth Nexus: A Meta-Analysis," Journal of Economic Surveys, Wiley Blackwell, vol. 29(3), pages 549-565, July.
    41. Jérôme Creel & Paul Hubert & Fabien Labondance, 2017. "Financialisation risks and economic performance," Working Papers hal-03471756, HAL.
    42. George R. G. Clarke & Lixin Colin Xu & Heng-fu Zou, 2011. "Finance and Income Inequality: What Do the Data Tell Us?," CEMA Working Papers 489, China Economics and Management Academy, Central University of Finance and Economics.
    43. Rosa Capolupo, 2005. "THE NEW GROWTH THEORIES AND THEIR EMPIRICS, Discussion Paper in Economics, University of Glasgow, N. 2005-04 (http://www.gla.ac.uk/Acad/Economics," GE, Growth, Math methods 0506003, University Library of Munich, Germany.
    44. Saffar, Walid, 2014. "The political economy of share issue privatization: International evidence," Journal of Multinational Financial Management, Elsevier, vol. 24(C), pages 1-18.
    45. Muhammad Shahbaz & Ijaz Ur Rehman & Ahmed Taneem Muzaffar, 2015. "Re-Visiting Financial Development and Economic Growth Nexus: The Role of Capitalization in Bangladesh," South African Journal of Economics, Economic Society of South Africa, vol. 83(3), pages 452-471, September.
    46. María Carkovic & Ross Levine, 2002. "Finance and Growth: New Evidence and Policy Analyses for Chile," Central Banking, Analysis, and Economic Policies Book Series, in: Norman Loayza & Raimundo Soto & Norman Loayza (Series Editor) & Klaus Schmidt-Hebbel (Series Editor) (ed.),Economic Growth: Sources, Trends, and Cycles, edition 1, volume 6, chapter 11, pages 343-376, Central Bank of Chile.
    47. Anton Gerunov, 2014. "Connection between Financial Sector and Economic Growth at High Levels of Financial Development," Economic Studies journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 2, pages 39-68.
    48. Chung-Hua Shen & Chien-Chiang Lee & Shyh-Wei Chen & Zixiong Xie, 2011. "Roles played by financial development in economic growth: application of the flexible regression model," Empirical Economics, Springer, vol. 41(1), pages 103-125, August.
    49. Peter L. Rousseau & Paul Wachtel, 2005. "Economic Growth and Financial Depth: Is the Relationship Extinct Already?," Working Papers 05-15, New York University, Leonard N. Stern School of Business, Department of Economics.
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    184. Nada Kobeissi, 2004. "Ownership Structure and Bank Performance: Evidence from the Middle East and North Africa," Working Papers 0413, Economic Research Forum, revised 06 Mar 2004.
    185. Sanfilippo-Azofra, Sergio & Torre-Olmo, Begoña & Cantero-Saiz, María & López-Gutiérrez, Carlos, 2018. "Financial development and the bank lending channel in developing countries," Journal of Macroeconomics, Elsevier, vol. 55(C), pages 215-234.
    186. Rousseau, Peter L., 2009. "Share liquidity, participation, and growth of the Boston market for industrial equities, 1854-1897," Explorations in Economic History, Elsevier, vol. 46(2), pages 203-219, April.
    187. Ioannis FILIPPIDIS & Constantinos KATRAKILIDIS, 2014. "Institutions, Policy and Banking Sector Development: A Reassessment," Czech Journal of Economics and Finance (Finance a uver), Charles University Prague, Faculty of Social Sciences, vol. 64(6), pages 501-521, December.
    188. Segun Thompson Bolarinwa & Olufemi Bodunde Obembe, 2017. "Concentration–Profitability Nexus: New Approach from Causality," Studies in Microeconomics, , vol. 5(1), pages 84-98, June.
    189. Yang, Fan, 2019. "The impact of financial development on economic growth in middle-income countries," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 59(C), pages 74-89.
    190. Samy Ben Naceur & Narjess Boubakri & Samir Ghazouani, 2008. "Privatization and Financial Market Development: A Comparison Between MENA Countries and Other Regions," Working Papers 390, Economic Research Forum, revised 01 Jan 2008.
    191. Ghossoub, Edgar A. & Reed, Robert R., 2017. "Financial development, income inequality, and the redistributive effects of monetary policy," Journal of Development Economics, Elsevier, vol. 126(C), pages 167-189.
    192. Barbara Pistoresi & Valeria Venturelli, 2015. "Credit, venture capital and regional economic growth," Journal of Economics and Finance, Springer;Academy of Economics and Finance, vol. 39(4), pages 742-761, October.
    193. Liu, Jianlei & Uchida, Konari & Li, Yuan, 2020. "Provincial economic performance and underpricing of IPOs: Evidence from political interventions in China," Economic Modelling, Elsevier, vol. 86(C), pages 274-285.
    194. Wu, Jyh-Lin & Hou, Han & Cheng, Su-Yin, 2010. "The dynamic impacts of financial institutions on economic growth: Evidence from the European Union," Journal of Macroeconomics, Elsevier, vol. 32(3), pages 879-891, September.
    195. Cheng, Chih-Yang & Chien, Mei-Se & Lee, Chien-Chiang, 2021. "ICT diffusion, financial development, and economic growth: An international cross-country analysis," Economic Modelling, Elsevier, vol. 94(C), pages 662-671.
    196. Apostolos Fasianos & Diego Guevara & Christos Pierros, 2016. "Have We Been Here Before? Phases of Financialization within the 20th Century in the United States," Economics Working Paper Archive wp_869, Levy Economics Institute.
    197. P., Srinivasan, 2014. "Stock Market Development and Economic growth in India: An Empirical Analysis," MPRA Paper 55657, University Library of Munich, Germany.
    198. Laurent Cavenaile & Danielle Sougn�, 2012. "Financial development and economic growth: an empirical investigation of the role of banks and institutional investors," Applied Financial Economics, Taylor & Francis Journals, vol. 22(20), pages 1719-1725, October.
    199. Javier Andrés & Ignacio Hernando & J. David López-Salido, 1999. "Assessing the benefits of price stability: The international experience," Estudios Económicos, Banco de España, number 69.
    200. Ikonen, Pasi, 2017. "Financial depth, debt, and growth," Bank of Finland Scientific Monographs, Bank of Finland, volume 0, number e51, July.
    201. Ali Shaddady, 2023. "Unveiling the Dynamics of Financial Institutions and Markets in Shaping Economic Prosperity in MENA," IJFS, MDPI, vol. 11(4), pages 1-21, December.
    202. Guangdong Xu & Binwei Gui, 2021. "The non‐linearity between finance and economic growth: a literature review and evidence from China," Asian-Pacific Economic Literature, The Crawford School, The Australian National University, vol. 35(1), pages 3-18, May.
    203. Zheng, Xiaolan & El Ghoul, Sadok & Guedhami, Omrane & Kwok, Chuck C.Y., 2012. "National culture and corporate debt maturity," Journal of Banking & Finance, Elsevier, vol. 36(2), pages 468-488.
    204. Paul Wachtel & Peter L. Rousseau, 2000. "Inflation, Financial Development and Growth," Working Papers 00-10, New York University, Leonard N. Stern School of Business, Department of Economics.
    205. Enisan, Akinlo A. & Olufisayo, Akinlo O., 2009. "Stock market development and economic growth: Evidence from seven sub-Sahara African countries," Journal of Economics and Business, Elsevier, vol. 61(2), pages 162-171.
    206. Jong, Eelke de & Semenov, Radislav, 2002. "Cross-country differences in stock market development : a cultural view," Research Report 02E40, University of Groningen, Research Institute SOM (Systems, Organisations and Management).
    207. Clement Olalekan Olaniyi & Olufemi Bodunde Obembe & Emmanuel Oluwole Oni, 2017. "Analysis of the Nexus between CEO Pay and Performance of Non-Financial Listed Firms in Nigeria," African Development Review, African Development Bank, vol. 29(3), pages 429-445, September.
    208. Zeeshan Atiq & M. Emranul Haque, 2015. "Financial Development and Economic Growth: The Role of Financial Liberalization," Centre for Growth and Business Cycle Research Discussion Paper Series 201, Economics, The University of Manchester.
    209. R. Eki Rahman & Ermawati, 2020. "An Analysis Of Herding Behavior In The Stock Market: A Case Study Of The Asean-5 And The United States," Bulletin of Monetary Economics and Banking, Bank Indonesia, vol. 23(3), pages 297-318, October.
    210. Felix Eschenbach, 2004. "Finance and Growth: A Survey of the Theoretical and Empirical Literature," Tinbergen Institute Discussion Papers 04-039/2, Tinbergen Institute.
    211. Ifuero Osad Osamwonyi & Abudu Kasimu, 2013. "Stock Market and Economic Growth in Ghana, Kenya and Nigeria," International Journal of Financial Research, International Journal of Financial Research, Sciedu Press, vol. 4(2), pages 83-98, April.
    212. Alessio Ciarlone, 2019. "The relationship between financial development and growth: the case of emerging Europe," Questioni di Economia e Finanza (Occasional Papers) 521, Bank of Italy, Economic Research and International Relations Area.
    213. Abu Nurudeen, 2009. "Does Stock Market Development Raise Economic Growth? Evidence from Nigeria," The Review of Finance and Banking, Academia de Studii Economice din Bucuresti, Romania / Facultatea de Finante, Asigurari, Banci si Burse de Valori / Catedra de Finante, vol. 1(1), pages 015-026, December.
    214. Su-Yin Cheng & Han Hou, 2022. "Innovation, financial development, and growth: evidences from industrial and emerging countries," Economic Change and Restructuring, Springer, vol. 55(3), pages 1629-1653, August.
    215. Hajilee, Massomeh & Niroomand, Farhang, 2019. "On the link between financial market inclusion and trade openness: An asymmetric analysis," Economic Analysis and Policy, Elsevier, vol. 62(C), pages 373-381.
    216. IWASAKI, Ichiro & ONO, Shigeki, 2024. "Financial Intermediation versus Direct Financing : A Meta-Analytic Comparison of the Growth-Enhancing Effect," CEI Working Paper Series 2024-01, Center for Economic Institutions, Institute of Economic Research, Hitotsubashi University.
    217. Mehmet Zeki Ak & Mustafa Kirca & Mehmet Nurullah Altintaº, 2016. "The impacts of financial development on growth:A time-varying causality analysis for Turkey," Zbornik radova Ekonomskog fakulteta u Rijeci/Proceedings of Rijeka Faculty of Economics, University of Rijeka, Faculty of Economics and Business, vol. 34(2), pages 529-554.
    218. Boehmer, Ekkehart & Nash, Robert C. & Netter, Jeffry M., 2005. "Bank privatization in developing and developed countries: Cross-sectional evidence on the impact of economic and political factors," Journal of Banking & Finance, Elsevier, vol. 29(8-9), pages 1981-2013, August.
    219. Polat, Ali & Shahbaz, Muhammad & Ur Rehman, Ijaz & Satti, Saqlain Latif, 2013. "Revisiting Linkages between Financial Development, Trade Openness and Economic Growth in South Africa: Fresh Evidence from Combined Cointegration Test," MPRA Paper 51724, University Library of Munich, Germany, revised 25 Nov 2013.
    220. Beck, Thorsten, 2003. "Stock markets, banks, and economic development:theory and evidence," EIB Papers 2/2003, European Investment Bank, Economics Department.

  47. Jeremy Atack & Peter L. Rousseau, 1997. "Business Activity and the Boston Stock Market, 1835-1869," NBER Historical Working Papers 0103, National Bureau of Economic Research, Inc.

    Cited by:

    1. Peter L. Rousseau, 2000. "Jacksonian Monetary Policy, Specie Flows, and the Panic of 1837," NBER Working Papers 7528, National Bureau of Economic Research, Inc.
    2. Peter L. Rousseau, 1999. "Share Liquidity and Industrial Growth in an Emerging Market: The Case of New England, 1854-1897," NBER Historical Working Papers 0117, National Bureau of Economic Research, Inc.
    3. Rousseau, Peter L. & Sylla, Richard, 2005. "Emerging financial markets and early US growth," Explorations in Economic History, Elsevier, vol. 42(1), pages 1-26, January.
    4. Annaert, Jan & Buelens, Frans & De Ceuster, Marc J.K., 2012. "New Belgian Stock Market Returns: 1832–1914," Explorations in Economic History, Elsevier, vol. 49(2), pages 189-204.
    5. Eric Hilt, 2014. "Corporate Governance and the Development of Manufacturing Enterprises in Nineteenth-Century Massachusetts," NBER Working Papers 20096, National Bureau of Economic Research, Inc.

  48. Paul Wachtel & Peter Rousseau, 1994. "Financial Intermediation and Economic Growth: A Historical Comparison of the U.S., U.K. and Canada," Working Papers 94-04, New York University, Leonard N. Stern School of Business, Department of Economics.

    Cited by:

    1. Peter Quartey, 2005. "Financial Sector Development, Savings Mobilization and Poverty Reduction in Ghana," WIDER Working Paper Series RP2005-71, World Institute for Development Economic Research (UNU-WIDER).
    2. Mitchener, Kris James & Wheelock, David C., 2013. "Does the structure of banking markets affect economic growth? Evidence from U.S. state banking markets," Explorations in Economic History, Elsevier, vol. 50(2), pages 161-178.
    3. Rousseau, P. L. & Wachtel, P., 2000. "Equity markets and growth: Cross-country evidence on timing and outcomes, 1980-1995," Journal of Banking & Finance, Elsevier, vol. 24(12), pages 1933-1957, December.
    4. Peter L. Rousseau, 1999. "Share Liquidity and Industrial Growth in an Emerging Market: The Case of New England, 1854-1897," NBER Historical Working Papers 0117, National Bureau of Economic Research, Inc.
    5. Paul Wachtel, 2003. "How much do we really know about growth and finance?," Economic Review, Federal Reserve Bank of Atlanta, vol. 88(Q1), pages 33-47.
    6. Charles W. Calomiris & Charles P. Himmelberg & Paul Wachtel, 1994. "Commercial Paper, Corporate Finance and the Business Cycle: A Microeconomic Perspective," Working Papers 94-17, New York University, Leonard N. Stern School of Business, Department of Economics.
    7. Ross Levine, 1997. "Napoleon, Bourses, and Growth in Latin America," Research Department Publications 4106, Inter-American Development Bank, Research Department.
    8. Ross Levine, 1997. "Napoleón, bolsas y crecimiento en América Latina," Research Department Publications 4107, Inter-American Development Bank, Research Department.
    9. Hansson, Pontus & Jonung, Lars, 1997. "Finance and economic growth: the case of Sweden 1834-1991," Research in Economics, Elsevier, vol. 51(3), pages 275-301, September.
    10. Llussá, Fernanda, 2009. "Financial Development, Gender and Entrepreneurship," MPRA Paper 26228, University Library of Munich, Germany.
    11. Narayan Sethi & Saileja Mohanty & Sanhita Sucharita & Nanthakumar Loganathan, 2020. "Tax Reform And Economic Growth Nexus In India: Evidence From The Cointegration And Rolling-Window Causality," The Singapore Economic Review (SER), World Scientific Publishing Co. Pte. Ltd., vol. 65(06), pages 1699-1725, December.
    12. Rousseau, Peter L., 1999. "Finance, investment, and growth in Meiji-era Japan," Japan and the World Economy, Elsevier, vol. 11(2), pages 185-198, April.
    13. Subal C. Kumbhakar & George Mavrotas, 2005. "Financial Sector Development and Productivity Growth," WIDER Working Paper Series RP2005-68, World Institute for Development Economic Research (UNU-WIDER).
    14. Peter L. Rousseau & Richard Sylla, 2003. "Financial Systems, Economic Growth, and Globalization," NBER Chapters, in: Globalization in Historical Perspective, pages 373-416, National Bureau of Economic Research, Inc.
    15. Jeremy Atack & Peter L. Rousseau, 1997. "Business Activity and the Boston Stock Market, 1835-1869," NBER Historical Working Papers 0103, National Bureau of Economic Research, Inc.
    16. Beck, Thorsten & Levine, Ross, 2004. "Stock markets, banks, and growth: Panel evidence," Journal of Banking & Finance, Elsevier, vol. 28(3), pages 423-442, March.
    17. Paul Wachtel & Peter L. Rousseau, 2000. "Inflation, Financial Development and Growth," Working Papers 00-10, New York University, Leonard N. Stern School of Business, Department of Economics.
    18. Sinha, Dipendra & Macri, Joseph, 2001. "Financial development and economic growth: The case of eight Asian countries," MPRA Paper 18297, University Library of Munich, Germany.
    19. Zsolt Becsi & Ping Wang, 1997. "Financial development and growth," Economic Review, Federal Reserve Bank of Atlanta, vol. 82(Q 4), pages 46-62.

Articles

  1. Panicos O. Demetriades & Johan M. Rewilak & Peter L. Rousseau, 2024. "Finance, Growth, and Fragility," Journal of Financial Services Research, Springer;Western Finance Association, vol. 66(1), pages 29-49, August.
    See citations under working paper version above.
  2. Ladley, Daniel & Rousseau, Peter L., 2023. "Panic and propagation in 1873: A network analytic approach," Journal of Banking & Finance, Elsevier, vol. 151(C).

    Cited by:

    1. Xu, Yuhong & Zhao, Xinyao, 2024. "How does node centrality in a financial network affect asset price prediction?," The North American Journal of Economics and Finance, Elsevier, vol. 73(C).

  3. Cotter, Christopher & Rousseau, Peter L. & Vu, Nam T., 2021. "Electrification, telecommunications, and the finance-growth nexus: Evidence from firm-level data," Energy Economics, Elsevier, vol. 94(C).

    Cited by:

    1. Xie, Rui & Fu, Wei & Yao, Siling & Zhang, Qi, 2021. "Effects of financial agglomeration on green total factor productivity in Chinese cities: Insights from an empirical spatial Durbin model," Energy Economics, Elsevier, vol. 101(C).

  4. Alexandra D’Onofrio & Peter L. Rousseau, 2018. "Financial Development, Trade Openness and Growth in the First Wave of Globalization," Comparative Economic Studies, Palgrave Macmillan;Association for Comparative Economic Studies, vol. 60(1), pages 105-114, March.

    Cited by:

    1. Zhe Chen, 2022. "The impact of trade and financial expansion on volatility of real exchange rate," PLOS ONE, Public Library of Science, vol. 17(1), pages 1-13, January.

  5. Jaremski, Matthew & Rousseau, Peter L., 2018. "The dawn of an ‘age of deposits’ in the United States," Journal of Banking & Finance, Elsevier, vol. 87(C), pages 264-281.
    See citations under working paper version above.
  6. Demetriades, Panicos O. & Rousseau, Peter L., 2016. "The changing face of financial development," Economics Letters, Elsevier, vol. 141(C), pages 87-90.
    See citations under working paper version above.
  7. Peter L. Rousseau, 2016. "The Politics of Financial Development: A Review of Calomiris and Haber's Fragile by Design," Journal of Economic Literature, American Economic Association, vol. 54(1), pages 208-223, March.

    Cited by:

    1. Chen, Shuai, 2020. "Unemployment, Immigration, and Populism: Evidence from Two Quasi-Natural Experiments in the United States," GLO Discussion Paper Series 652, Global Labor Organization (GLO).
    2. Chen, Shuai, 2019. "Marriage, minorities, and mass movements," Other publications TiSEM 9cb1b11d-12e6-46a8-adca-4, Tilburg University, School of Economics and Management.

  8. Dimson, Elroy & Rousseau, Peter L. & Spaenjers, Christophe, 2015. "The price of wine," Journal of Financial Economics, Elsevier, vol. 118(2), pages 431-449.
    See citations under working paper version above.
  9. Rousseau, Peter L. & Stroup, Caleb, 2015. "Director Histories and the Pattern of Acquisitions," Journal of Financial and Quantitative Analysis, Cambridge University Press, vol. 50(4), pages 671-698, August.
    See citations under working paper version above.
  10. Boyan Jovanovic & Peter L. Rousseau, 2014. "Extensive and Intensive Investment over the Business Cycle," Journal of Political Economy, University of Chicago Press, vol. 122(4), pages 863-908.
    See citations under working paper version above.
  11. Atack, Jeremy & Jaremski, Matthew & Rousseau, Peter L., 2014. "American Banking and the Transportation Revolution before the Civil War," The Journal of Economic History, Cambridge University Press, vol. 74(4), pages 943-986, December.
    See citations under working paper version above.
  12. Peter L. Rousseau, 2013. "Minutes of the Meeting of the Executive Committee: San Diego, CA, January 3, 2013," American Economic Review, American Economic Association, vol. 103(3), pages 692-700, May.

    Cited by:

    1. Béatrice Cherrier, 2017. "Classifying Economics: A History of the JEL Codes," Post-Print halshs-02735838, HAL.

  13. Matthew Jaremski & Peter L. Rousseau, 2013. "Banks, Free Banks, And U.S. Economic Growth," Economic Inquiry, Western Economic Association International, vol. 51(2), pages 1603-1621, April.
    See citations under working paper version above.
  14. Rousseau, Peter L. & D’Onofrio, Alexandra, 2013. "Monetization, Financial Development, and Growth: Time Series Evidence from 22 Countries in Sub-Saharan Africa," World Development, Elsevier, vol. 51(C), pages 132-153.

    Cited by:

    1. Beck, Thorsten & Demirguc-Kunt, Asli & Singer, Dorothe, 2011. "Is small beautiful ? financial structure, size and access to finance," Policy Research Working Paper Series 5806, The World Bank.
    2. Imen Mohamed Sghaier, 2022. "The Role of Institutional Quality in Finance-Growth Nexus: Evidence from North African Countries," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 13(4), pages 3472-3491, December.
    3. Boou Chen & Chunkai Zhao, 2021. "Poverty reduction in rural China: Does the digital finance matter?," PLOS ONE, Public Library of Science, vol. 16(12), pages 1-27, December.
    4. Lee, Chien-Chiang & Yuan, Zihao, 2024. "Impact of energy poverty on public health: A non-linear study from an international perspective," World Development, Elsevier, vol. 174(C).
    5. Kizito Uyi Ehigiamusoe & Mohamad Shaharudin Samsurijan, 2021. "What matters for finance‐growth nexus? A critical survey of macroeconomic stability, institutions, financial and economic development," International Journal of Finance & Economics, John Wiley & Sons, Ltd., vol. 26(4), pages 5302-5320, October.
    6. Ehigiamusoe, Kizito Uyi & Lean, Hooi Hooi, 2020. "The role of deficit and debt in financing growth in West Africa," Journal of Policy Modeling, Elsevier, vol. 42(1), pages 216-234.
    7. Cotter, Christopher & Rousseau, Peter L. & Vu, Nam T., 2021. "Electrification, telecommunications, and the finance-growth nexus: Evidence from firm-level data," Energy Economics, Elsevier, vol. 94(C).
    8. Mustapha JOBARTEH & Huseyin KAYA, 2019. "Non-linear finance-growth nexus for African countries: A panel smooth transition regression approach," Theoretical and Applied Economics, Asociatia Generala a Economistilor din Romania / Editura Economica, vol. 0(3(620), A), pages 205-222, Autumn.
    9. Tibebe A. Assefa & André Varella Mollick, 2017. "Financial Development and Economic Growth in Africa," Journal of African Business, Taylor & Francis Journals, vol. 18(3), pages 320-339, July.
    10. Fredrik N. G. Andersson & Katarzyna Burzynska & Sonja Opper, 2016. "Lending for growth? A Granger causality analysis of China’s finance–growth nexus," Empirical Economics, Springer, vol. 51(3), pages 897-920, November.
    11. Eléazar Zerbo, 2015. "What determines the long-run growth in Sub-Saharan Africa? Exploring the role of energy, trade openness and financial development in six countries," Working Papers hal-01238524, HAL.
    12. Dutta, Nabamita & Meierrieks, Daniel, 2021. "Financial development and entrepreneurship," International Review of Economics & Finance, Elsevier, vol. 73(C), pages 114-126.
    13. King, Alan & Ramlogan-Dobson, Carlyn, 2015. "Is Africa Actually Developing?," World Development, Elsevier, vol. 66(C), pages 598-613.
    14. Eléazar Zerbo, 2017. "Energy consumption and economic growth in Sub-Saharan African countries: Further evidence," Economics Bulletin, AccessEcon, vol. 37(3), pages 1720-1744.

  15. Peter L. Rousseau, 2013. "Report of the Secretary," American Economic Review, American Economic Association, vol. 103(3), pages 669-672, May.

    Cited by:

    1. Ori Heffetz & Katrina Ligett, 2013. "Privacy and Data-Based Research," NBER Working Papers 19433, National Bureau of Economic Research, Inc.

  16. Kim, Jong Hun & Rousseau, Peter L., 2012. "Credit buildups and the stock market in four East Asian economies," Journal of Macroeconomics, Elsevier, vol. 34(2), pages 489-503.

    Cited by:

    1. Víctor Alexánder Díaz Espana, 2014. "Crédito privado, crédito bancario y producto interno bruto: evidencia para una muestra suramericana," Revista ESPE - Ensayos Sobre Política Económica, Banco de la República, vol. 32(73), pages 104-126, July.
    2. Guangdong Xu, 2022. "From financial structure to economic growth: Theory, evidence and challenges," Economic Notes, Banca Monte dei Paschi di Siena SpA, vol. 51(1), February.
    3. Dobromił Serwa & Piotr Wdowiński, 2017. "Modeling Macro-Financial Linkages: Combined Impulse Response Functions in SVAR Models," Central European Journal of Economic Modelling and Econometrics, Central European Journal of Economic Modelling and Econometrics, vol. 9(4), pages 323-357, December.
    4. Koong, Seow Shin & Law, Siong Hook & Ibrahim, Mansor H., 2017. "Credit expansion and financial stability in Malaysia," Economic Modelling, Elsevier, vol. 61(C), pages 339-350.
    5. Xu Guangdong, 2021. "Reassessing the Literature on the Relationship Between Financial Structure and Economic Growth," Review of Economics, De Gruyter, vol. 72(2), pages 149-182, August.

  17. Bordo, Michael D. & Rousseau, Peter L., 2012. "Historical evidence on the finance-trade-growth nexus," Journal of Banking & Finance, Elsevier, vol. 36(4), pages 1236-1243.
    See citations under working paper version above.
  18. Rousseau, Peter L. & Stroup, Caleb, 2011. "Monetization and growth in colonial New England, 1703–1749," Explorations in Economic History, Elsevier, vol. 48(4), pages 600-613.
    See citations under working paper version above.
  19. Panicos O. Demetriades & Peter L. Rousseau, 2011. "Government, Openness And Finance: Past And Present," Manchester School, University of Manchester, vol. 79(s2), pages 98-115, September.
    See citations under working paper version above.
  20. Peter L. Rousseau & Paul Wachtel, 2011. "What Is Happening To The Impact Of Financial Deepening On Economic Growth?," Economic Inquiry, Western Economic Association International, vol. 49(1), pages 276-288, January.
    See citations under working paper version above.
  21. Rousseau, Peter L., 2011. "The Market for Bank Stocks and the Rise of Deposit Banking in New York City, 1866–1897," The Journal of Economic History, Cambridge University Press, vol. 71(4), pages 976-1005, December.
    See citations under working paper version above.
  22. Rousseau, Peter L. & Yilmazkuday, Hakan, 2009. "Inflation, financial development, and growth: A trilateral analysis," Economic Systems, Elsevier, vol. 33(4), pages 310-324, December.

    Cited by:

    1. Deniz Baglan & Hakan Yilmazkuday, 2016. "Financial Health and the Intensive Margin of Trade," Working Papers 1607, Florida International University, Department of Economics.
    2. Muhammad Irfan Javaid Attari, 2012. "Inflation and Wheat Prices in Pakistan: 1990-2010," EuroEconomica, Danubius University of Galati, issue 4(31), pages 72-86, November.
    3. Sulemana Mahawiya, 2015. "Financial sector development and threshold effect of inflation in ECOWAS and SADC: A Panel smooth transition regression approach," Working Papers 539, Economic Research Southern Africa.
    4. Jude Eggoh, 2012. "Inflation Effects on Finance-Growth Link: A Panel Smooth Threshold Approach," International Economic Journal, Taylor & Francis Journals, vol. 26(4), pages 711-725, June.
    5. Dombi, Ákos & Grigoriadis, Theocharis, 2020. "State history and the finance-growth nexus: Evidence from transition economies," Economic Systems, Elsevier, vol. 44(1).
    6. Senra Hodelin, Reynaldo, 2022. "Public banking and economic growth: The experiences of 10 countries since the 1950s until 2017," Economic Systems, Elsevier, vol. 46(1).
    7. Jean-pierre Allegret & Sana Azzabi, 2013. "Financial development, threshold effects and convergence in developing and emerging countries," Economics Bulletin, AccessEcon, vol. 33(3), pages 1899-1921.
    8. Olga Arratibel & Davide Furceri & Reiner Martin & Aleksandra Zdzienicka, 2009. "The Effect of Nominal Exchange Rate Volatility on Real Macroeconomic Performance in the CEE Countries," Working Papers 0934, Groupe d'Analyse et de Théorie Economique Lyon St-Étienne (GATE Lyon St-Étienne), Université de Lyon.
    9. Muhammad Suhail Saleem & Asad Abbas & Dr Muhammad Ramzan Sheikh & Sana Sultan, 2024. "Financial Development in the SAARC Region: Identifying Influential Factors," Bulletin of Business and Economics (BBE), Research Foundation for Humanity (RFH), vol. 13(2), pages 513-525.
    10. Magloire LANHA, 2022. "Les institutions influencent-elles la relation," Region et Developpement, Region et Developpement, LEAD, Universite du Sud - Toulon Var, vol. 55, pages 5-22.
    11. Shahbaz, Muhammad & Mallick, Hrushikesh & Kumar, Mantu & Hammoudeh, Shawkat, 2017. "Is globalization detrimental to financial development? Further evidence from a very large emerging economy with significant orientation towards policies," MPRA Paper 78805, University Library of Munich, Germany, revised 24 Apr 2017.
    12. Herwartz, Helmut & Walle, Yabibal M., 2014. "Determinants of the link between financial and economic development: Evidence from a functional coefficient model," Economic Modelling, Elsevier, vol. 37(C), pages 417-427.
    13. Pradhan, Rudra P. & Arvin, Mak B. & Bahmani, Sahar, 2015. "Causal nexus between economic growth, inflation, and stock market development: The case of OECD countries," Global Finance Journal, Elsevier, vol. 27(C), pages 98-111.
    14. Kizito Uyi Ehigiamusoe & Hooi Hooi Lean & Chien-Chiang Lee, 2019. "Moderating effect of inflation on the finance–growth nexus: insights from West African countries," Empirical Economics, Springer, vol. 57(2), pages 399-422, August.
    15. Talavera, Oleksandr & Tsapin, Andriy & Zholud, Oleksandr, 2012. "Macroeconomic uncertainty and bank lending: The case of Ukraine," Economic Systems, Elsevier, vol. 36(2), pages 279-293.
    16. Kizito Uyi Ehigiamusoe & Mohamad Shaharudin Samsurijan, 2021. "What matters for finance‐growth nexus? A critical survey of macroeconomic stability, institutions, financial and economic development," International Journal of Finance & Economics, John Wiley & Sons, Ltd., vol. 26(4), pages 5302-5320, October.
    17. Ho, Sy-Hoa & Saadaoui, Jamel, 2022. "Bank credit and economic growth: A dynamic threshold panel model for ASEAN countries," International Economics, Elsevier, vol. 170(C), pages 115-128.
    18. Ichiro Iwasaki & Shigeki Ono, 2024. "Economic development and the finance–growth nexus: a meta-analytic approach," Applied Economics, Taylor & Francis Journals, vol. 56(57), pages 8021-8038, December.
    19. Christoph Doerffel & Peter Draper & Andreas Freytag & Sebastian Schuhmann, 2021. "Drivers of Inclusive Development: An Empirical Investigation," Jena Economics Research Papers 2021-015, Friedrich-Schiller-University Jena.
    20. Fisayo Fagbemi & Tolulope Temilola Osinubi & Geraldine Ejiaka Nzeribe & Taofik Olatunji Bankole, 2022. "Human Capital Development Challenge: Why Corruption Eradication is a Panacea in Nigeria," Journal of Development Policy and Practice, , vol. 7(2), pages 180-205, July.
    21. Abdul Rahman & Muhammad Arshad Khan, 2024. "Role of consistent regime-specific policies in recovering the negative relationship between financial development and economic growth," Economic Change and Restructuring, Springer, vol. 57(4), pages 1-27, August.
    22. Abdul Rahman & Muhammad Arshad Khan & Lanouar Charfeddine, 2020. "Does Financial Sector Promote Economic Growth in Pakistan? Empirical Evidences From Markov Switching Model," SAGE Open, , vol. 10(4), pages 21582440209, October.
    23. Badeeb, Ramez Abubakr & Lean, Hooi Hooi & Smyth, Russell, 2016. "Oil curse and finance–growth nexus in Malaysia: The role of investment," Energy Economics, Elsevier, vol. 57(C), pages 154-165.
    24. Abiodun Hafeez Akindipe, . "Public Debt Financial Development in Nigeria," Journal of Economic and Sustainable Growth 2, Office Of The Chief Economist, Development Bank of Nigeria.
    25. Rajesh Sharma & Pradeep Kautish, 2020. "Linkages between Financial Development and Economic Growth in the Middle-Income Countries of South Asia: A Panel Data Investigation," Vision, , vol. 24(2), pages 140-150, June.
    26. Ooft, Gavin, 2019. "Inflation and Economic Activity in Suriname," Studies in Applied Economics 130, The Johns Hopkins Institute for Applied Economics, Global Health, and the Study of Business Enterprise.
    27. Ameet Kumar & Khalid Ahmed & Mujeeb‐u‐Rehman Bhayo & Muhammad Ramzan Kalhoro, 2023. "Banking performance and institutional quality: Evidence from dynamic panel data analysis," International Journal of Finance & Economics, John Wiley & Sons, Ltd., vol. 28(4), pages 4717-4737, October.
    28. Thang Cong Nguyen & Tan Ngoc Vu & Duc Hong Vo & Dao Thi-Thieu Ha, 2019. "Financial Development and Income Inequality in Emerging Markets: A New Approach," JRFM, MDPI, vol. 12(4), pages 1-14, November.
    29. Eggoh, Jude C. & Khan, Muhammad, 2014. "On the nonlinear relationship between inflation and economic growth," Research in Economics, Elsevier, vol. 68(2), pages 133-143.
    30. Bittencourt, Manoel, 2012. "Inflation and economic growth in Latin America: Some panel time-series evidence," Economic Modelling, Elsevier, vol. 29(2), pages 333-340.
    31. Rudra P. Pradhan & Mak B. Arvin & Mahendhiran Nair & John H. Hall & Atul Gupta, 2017. "Is there a link between economic growth and insurance and banking sector activities in the G‐20 countries?," Review of Financial Economics, John Wiley & Sons, vol. 33(1), pages 12-28, April.
    32. Kunofiwa Tsaurai, 2017. "Inflation Thresholds-Financial Development Nexus in South-Eastern Asian Emerging Markets," Journal of Economics and Behavioral Studies, AMH International, vol. 9(4), pages 14-24.
    33. Xiaolin Lu & Kun Guo & Zhi Dong & Xuan Wang, 2017. "Financial development and relationship evolvement among money supply, economic growth and inflation: a comparative study from the U.S. and China," Applied Economics, Taylor & Francis Journals, vol. 49(10), pages 1032-1045, February.
    34. Imran Ali, 2024. "Investigating the Inflation-Economic Growth Nexus in Pakistan from 1990 to 2020," International Journal of Economics & Business Administration (IJEBA), International Journal of Economics & Business Administration (IJEBA), vol. 0(2), pages 71-90.
    35. Pradhan, Rudra P. & Arvin, Mak B. & Hall, John H. & Bahmani, Sahar, 2014. "Causal nexus between economic growth, banking sector development, stock market development, and other macroeconomic variables: The case of ASEAN countries," Review of Financial Economics, Elsevier, vol. 23(4), pages 155-173.
    36. Tran, Viet Nhu Anh & Huynh, Cong Minh, 2022. "The impact of foreign direct investment on financial development in Asian countries," MPRA Paper 114311, University Library of Munich, Germany.
    37. Chinazaekpere Nwani & Eugene Iheanacho & Chijioke Okogbue, 2016. "Oil price and the development of financial intermediation in developing oil-exporting countries: Evidence from Nigeria," Cogent Economics & Finance, Taylor & Francis Journals, vol. 4(1), pages 1185237-118, December.
    38. Bilalli Argjira & Sadiku Murat & Sadiku Luljeta, 2024. "The Impact of Inflation on Financial Sector Performance: Evidence from OECD Countries," Economics, Sciendo, vol. 12(2), pages 263-276.
    39. Kenan İlarslan, 2024. "Non-parametric evidence on the determinants of access to financial services in the countries of the Organization of Turkic States," Eurasian Economic Review, Springer;Eurasia Business and Economics Society, vol. 14(4), pages 1035-1055, December.
    40. HAMI Mahyar, 2017. "The Effect Of Inflation On Financial Development Indicators In Iran (2000-2015)," Studies in Business and Economics, Lucian Blaga University of Sibiu, Faculty of Economic Sciences, vol. 12(2), pages 53-62, August.
    41. Adeniyi, Oluwatosin & Oyinlola, Abimbola & Omisakin, Olusegun & Egwaikhide, Festus O., 2015. "Financial development and economic growth in Nigeria: Evidence from threshold modelling," Economic Analysis and Policy, Elsevier, vol. 47(C), pages 11-21.
    42. Rosnawintang Rosnawintang & Tajuddin Tajuddin & Pasrun Adam & Yuwanda Purnamasari Pasrun & La Ode Saidi, 2021. "Effects of Crude Oil Prices Volatility, the Internet and Inflation on Economic Growth in ASEAN-5 Countries: A Panel Autoregressive Distributed Lag Approach," International Journal of Energy Economics and Policy, Econjournals, vol. 11(1), pages 15-21.
    43. Jayakumar, Manju & Pradhan, Rudra P. & Dash, Saurav & Maradana, Rana P. & Gaurav, Kunal, 2018. "Banking competition, banking stability, and economic growth: Are feedback effects at work?," Journal of Economics and Business, Elsevier, vol. 96(C), pages 15-41.
    44. Richard E. Itaman, 2022. "The finance‐growth nexus enigma: Bringing in institutional context and the productiveness debate," Journal of Economic Surveys, Wiley Blackwell, vol. 36(2), pages 504-527, April.

  23. Rousseau, Peter L., 2009. "Share liquidity, participation, and growth of the Boston market for industrial equities, 1854-1897," Explorations in Economic History, Elsevier, vol. 46(2), pages 203-219, April.

    Cited by:

    1. Rousseau, Peter L., 2011. "The Market for Bank Stocks and the Rise of Deposit Banking in New York City, 1866–1897," The Journal of Economic History, Cambridge University Press, vol. 71(4), pages 976-1005, December.
    2. Rudra P. Pradhan & Mak B. Arvin & Neville R. Norman & John H. Hall, 2014. "The dynamics of banking sector and stock market maturity and the performance of Asian economies," Journal of Economic and Administrative Sciences, Emerald Group Publishing Limited, vol. 30(1), pages 16-44, May.
    3. Eric Hilt & Jacqueline Valentine, 2011. "Democratic Dividends: Stockholding, Wealth and Politics in New York, 1791-1826," NBER Working Papers 17147, National Bureau of Economic Research, Inc.
    4. Annaert, Jan & Buelens, Frans & De Ceuster, Marc J.K., 2012. "New Belgian Stock Market Returns: 1832–1914," Explorations in Economic History, Elsevier, vol. 49(2), pages 189-204.
    5. David Grreasley, 2010. "Cliometrics and Time Series Econometrics: Some Theory and Applications," Working Papers in Economics 10/56, University of Canterbury, Department of Economics and Finance.
    6. Pradhan, Rudra P. & Arvin, Mak B. & Bahmani, Sahar & Hall, John H. & Norman, Neville R., 2017. "Finance and growth: Evidence from the ARF countries," The Quarterly Review of Economics and Finance, Elsevier, vol. 66(C), pages 136-148.
    7. Pradhan, Rudra P. & Arvin, Mak B. & Hall, John H. & Bahmani, Sahar, 2014. "Causal nexus between economic growth, banking sector development, stock market development, and other macroeconomic variables: The case of ASEAN countries," Review of Financial Economics, Elsevier, vol. 23(4), pages 155-173.

  24. Boyan Jovanovic & Peter L. Rousseau, 2008. "Mergers as Reallocation," The Review of Economics and Statistics, MIT Press, vol. 90(4), pages 765-776, November.
    See citations under working paper version above.
  25. Boyan Jovanovic & Peter L. Rousseau, 2008. "Specific Capital and Technological Variety," Journal of Human Capital, University of Chicago Press, vol. 2(2), pages 129-152.
    See citations under working paper version above.
  26. Rousseau, Peter L. & Xiao, Sheng, 2008. "Change of control and the success of China's share-issue privatization," China Economic Review, Elsevier, vol. 19(4), pages 605-613, December.

    Cited by:

    1. Gao, Yongqiang & Yang, Haibin & Zhang, Miaohan, 2021. "Too bad to fear, too good to dare? Performance feedback and corporate misconduct," Journal of Business Research, Elsevier, vol. 131(C), pages 1-11.
    2. Huang, Linqiang & Xiao, Sheng, 2012. "How does government ownership affect firm performance? A simple model of privatization in transition economies," Economics Letters, Elsevier, vol. 116(3), pages 480-482.
    3. Liu, Qigui & Luo, Tianpei & Tian, Gary Gang, 2015. "Family control and corporate cash holdings: Evidence from China," Journal of Corporate Finance, Elsevier, vol. 31(C), pages 220-245.
    4. Guoqian Tu & Frank Yu, 2015. "Tunneling or Not? The Change of Legal Environment on the Effect of Post-Privatization Performance," Journal of Business Ethics, Springer, vol. 129(2), pages 491-510, June.
    5. Huang, Zhangkai & Wang, Kun, 2011. "Ultimate privatization and change in firm performance: Evidence from China," China Economic Review, Elsevier, vol. 22(1), pages 121-132, March.
    6. Uddin, Md Hamid, 2016. "Effect of government share ownership on corporate risk taking: Case of the United Arab Emirates," Research in International Business and Finance, Elsevier, vol. 36(C), pages 322-339.

  27. Rousseau, Peter L. & Kim, Jong Hun, 2008. "A flight to Q? Firm investment and financing in Korea before and after the 1997 financial crisis," Journal of Banking & Finance, Elsevier, vol. 32(7), pages 1416-1429, July.

    Cited by:

    1. Zubair, Siraz & Kabir, Rezaul & Huang, Xiaohong, 2020. "Does the financial crisis change the effect of financing on investment? Evidence from private SMEs," Journal of Business Research, Elsevier, vol. 110(C), pages 456-463.
    2. Bereskin, Frederick L. & Kim, Bushik & Oh, Frederick Dongchuhl, 2015. "Do credit rating concerns lead to better corporate governance? Evidence from Korea," Pacific-Basin Finance Journal, Elsevier, vol. 35(PB), pages 592-608.
    3. Liu, Yunxiao & Kim, Woochan & Sung, Taeyoon, 2021. "Investment efficiency of firms outside the business group," Journal of Corporate Finance, Elsevier, vol. 71(C).
    4. Ehab Yamani & David Rakowski, 2018. "Cash Flow and Discount Rate Risk in the Investment Effect: A Downside Risk Approach," Quarterly Journal of Finance (QJF), World Scientific Publishing Co. Pte. Ltd., vol. 8(03), pages 1-40, September.
    5. Luis Alfonso Dau & Randall Morck & Bernard Yin Yeung, 2021. "Business groups and the study of international business: A Coasean synthesis and extension," Journal of International Business Studies, Palgrave Macmillan;Academy of International Business, vol. 52(2), pages 161-211, March.
    6. Dow, Sandra & McGuire, Jean, 2009. "Propping and tunneling: Empirical evidence from Japanese keiretsu," Journal of Banking & Finance, Elsevier, vol. 33(10), pages 1817-1828, October.
    7. Riskin Hidayat & Sugeng Wahyudi & Harjum Muharam & Fatlina Zainudin, 2020. "Institutional Ownership, Productivity Sustainable Investment Based on Financial Constrains and Firm Value: Implications of Agency Theory, Signaling Theory, and Asymmetry Information on Sharia Companie," International Journal of Financial Research, International Journal of Financial Research, Sciedu Press, vol. 11(1), pages 71-81, January.
    8. Özgür Arslan-Ayaydin & Chris Florackis & Aydin Ozkan, 2014. "Financial flexibility, corporate investment and performance: evidence from financial crises," Review of Quantitative Finance and Accounting, Springer, vol. 42(2), pages 211-250, February.
    9. Mr. Vadim Khramov, 2012. "Asymmetric Effects of the Financial Crisis: Collateral-Based Investment-Cash Flow Sensitivity Analysis," IMF Working Papers 2012/097, International Monetary Fund.
    10. Vo, Hong & Nguyen, Tien & Truong, Hang, 2023. "Economic policy uncertainty and corporate investment: An empirical comparison of Korean chaebol and non-chaebol firms," Finance Research Letters, Elsevier, vol. 54(C).
    11. Lee, Sangwoo & Park, Kwangwoo & Shin, Hyun-Han, 2009. "Disappearing internal capital markets: Evidence from diversified business groups in Korea," Journal of Banking & Finance, Elsevier, vol. 33(2), pages 326-334, February.

  28. Peter L. Rousseau, 2007. "Backing, the Quantity Theory, and the Transition to the US Dollar, 1723–1850," American Economic Review, American Economic Association, vol. 97(2), pages 266-270, May.
    See citations under working paper version above.
  29. Rousseau, Peter L. & Xiao, Sheng, 2007. "Banks, stock markets, and China's `great leap forward'," Emerging Markets Review, Elsevier, vol. 8(3), pages 206-217, September.

    Cited by:

    1. Kruk Dzmitry & Haiduk Kiryl, 2013. "The Outcome of Directed Lending in Belarus: Mitigating Recession or Dampening Long-Run Growth?," EERC Working Paper Series 13/05e, EERC Research Network, Russia and CIS.
    2. Nicholas Apergis & Christos Bouras, 2023. "Household choices on investing in financial risky assets: Do national institutional factors have their own merit?," International Journal of Finance & Economics, John Wiley & Sons, Ltd., vol. 28(1), pages 405-420, January.
    3. Kim, Jong Hun & Rousseau, Peter L., 2012. "Credit buildups and the stock market in four East Asian economies," Journal of Macroeconomics, Elsevier, vol. 34(2), pages 489-503.
    4. Xiaoqiang Cheng & Hans Degryse, 2010. "The Impact of Bank and Non-Bank Financial Institutions on Local Economic Growth in China," Journal of Financial Services Research, Springer;Western Finance Association, vol. 37(2), pages 179-199, June.
    5. Panicos O. Demetriades & Jun Du & Sourafel Girma & Chenggang Xu, 2008. "Does the Chinese Banking System Promote the Growth of Firms?," Discussion Papers in Economics 08/6, Division of Economics, School of Business, University of Leicester.
    6. Paul Wachtel & Iftekhar Hasan & Mingming Zhou, 2007. "Institutional Development, Financial Deepening and Economic Growth: Evidence from China," Working Papers 07-16, New York University, Leonard N. Stern School of Business, Department of Economics.
    7. Michael Berlemann & Marc-André Luik, 2014. "Institutional Reform and Depositors' Portfolio Choice - Evidence from Censored Quantile Regressions," CESifo Working Paper Series 4782, CESifo.
    8. Fredrik N. G. Andersson & Katarzyna Burzynska & Sonja Opper, 2016. "Lending for growth? A Granger causality analysis of China’s finance–growth nexus," Empirical Economics, Springer, vol. 51(3), pages 897-920, November.
    9. Pradhan, Rudra P. & Arvin, B. Mak & Norman, Neville R. & Nair, Mahendhiran & Hall, John H., 2016. "Insurance penetration and economic growth nexus: Cross-country evidence from ASEAN," Research in International Business and Finance, Elsevier, vol. 36(C), pages 447-458.
    10. Rudra P. Pradhan, 2018. "Development of stock market and economic growth: the G-20 evidence," Eurasian Economic Review, Springer;Eurasia Business and Economics Society, vol. 8(2), pages 161-181, August.
    11. Rousseau, Peter L. & Xiao, Sheng, 2008. "Change of control and the success of China's share-issue privatization," China Economic Review, Elsevier, vol. 19(4), pages 605-613, December.
    12. Andersson, Fredrik N. G. & Burzynska, Katarzyna & Opper, Sonja, 2013. "Lending for Growth? An Analysis of State-Owned Banks in China," Working Papers 2013:19, Lund University, Department of Economics.

  30. Rousseau, Peter L. & Sylla, Richard, 2006. "Financial revolutions and economic growth: Introducing this EEH symposium," Explorations in Economic History, Elsevier, vol. 43(1), pages 1-12, January.

    Cited by:

    1. Phiri, Andrew, 2014. "Asymmetric co-integration and causality effects between financial development and economic growth in South Africa," MPRA Paper 53055, University Library of Munich, Germany.
    2. Philip T. Hoffman & Gilles Postel-Vinay & Jean-Laurent Rosenthal, 2015. "Entry, information, and financial development: A century of competition between French banks and notaries," PSE-Ecole d'économie de Paris (Postprint) halshs-01207248, HAL.
    3. Michael D. Bordo, 2017. "An Historical Perspective on the Quest for Financial Stability and the Monetary Policy Regime," NBER Working Papers 24154, National Bureau of Economic Research, Inc.
    4. Howard Bodenhorn & David Cuberes, 2010. "Financial development and city growth: Evidence from Northeastern American cities, 1790-1870," Working Papers 2010/35, Institut d'Economia de Barcelona (IEB).
    5. Alberto Feenstra, 2015. "Circumventing credible commitment: GroningenÕs default and the Dutch RepublicÕs federal escape route, 1666-1761," Working Papers 0075, Utrecht University, Centre for Global Economic History.
    6. Max Gillman & Mark N Harris & Michal Kejak, 2007. "The Interaction of Inflation and Financial Development with Endogenous Growth," Money Macro and Finance (MMF) Research Group Conference 2006 29, Money Macro and Finance Research Group.

  31. Bordo, Michael D. & Rousseau, Peter L., 2006. "Legal-political factors and the historical evolution of the finance-growth link," European Review of Economic History, Cambridge University Press, vol. 10(3), pages 421-444, December.
    See citations under working paper version above.
  32. Rousseau, Peter L. & Vuthipadadorn, Dadanee, 2005. "Finance, investment, and growth: Time series evidence from 10 Asian economies," Journal of Macroeconomics, Elsevier, vol. 27(1), pages 87-106, March.

    Cited by:

    1. Ang, James, 2009. "Financial Reforms, Patent Protection and Knowledge Accumulation in India," MPRA Paper 17656, University Library of Munich, Germany.
    2. Pradeepta Sethi & Brajesh Kumar, 2014. "Financial structure gap and economic development in India," Journal of Business Economics and Management, Taylor & Francis Journals, vol. 15(4), pages 776-794, September.
    3. Muyambiri Brian & Odhiambo Nicholas M., 2018. "Financial Development and Investment in Botswana: A Multivariate Causality Test," Folia Oeconomica Stetinensia, Sciendo, vol. 18(2), pages 72-89, December.
    4. Hao Chen & Duncan O. Hongo & Max William Ssali & Maurice Simiyu Nyaranga & Consolata Wairimu Nderitu, 2020. "The Asymmetric Influence of Financial Development on Economic Growth in Kenya: Evidence From NARDL," SAGE Open, , vol. 10(1), pages 21582440198, February.
    5. Muhammad Arshad Khan & Abdul Qayyum, 2007. "Trade Liberalisation, Financial Development and Economic Growth," PIDE-Working Papers 2007:19, Pakistan Institute of Development Economics.
    6. Rosa Capolupo, 2018. "Finance, Investment and Growth: Evidence for Italy," Economic Notes, Banca Monte dei Paschi di Siena SpA, vol. 47(1), pages 145-186, February.
    7. Senra Hodelin, Reynaldo, 2022. "Public banking and economic growth: The experiences of 10 countries since the 1950s until 2017," Economic Systems, Elsevier, vol. 46(1).
    8. Phouphet KYOPHILAVONG & Gazi Salah Uddin & Muhammad Shahbaz, 2014. "The Nexus Between Financial Development and Economic Growth in Laos," Working Papers 2014-447, Department of Research, Ipag Business School.
    9. Kim, Jong Hun & Rousseau, Peter L., 2012. "Credit buildups and the stock market in four East Asian economies," Journal of Macroeconomics, Elsevier, vol. 34(2), pages 489-503.
    10. Fung, Michael K., 2009. "Financial development and economic growth: Convergence or divergence?," Journal of International Money and Finance, Elsevier, vol. 28(1), pages 56-67, February.
    11. Takashi Fukuda & Jauhari Dahalan, 2012. "Finance-Growth-Crisis Nexus in Asian Emerging Economies: Evidence from VECM and ARDL Assessment," International Journal of Business and Economic Sciences Applied Research (IJBESAR), Democritus University of Thrace (DUTH), Kavala Campus, Greece, vol. 5(2), pages 69-100, August.
    12. Wasim Ullah & Ahmad Shauqi Mohamad Zubir & Akmalia Mohamad Ariff, 2024. "Non-linearities Caused by “Too Much Finance Effect†: Exploring the Myth and Reality for Developed and Developing Countries," SAGE Open, , vol. 14(3), pages 21582440241, August.
    13. Anton Gerunov, 2014. "Connection between Financial Sector and Economic Growth at High Levels of Financial Development," Economic Studies journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 2, pages 39-68.
    14. Kyophilavong, Phouphet & Salah Uddin, Gazi & Shahbaz, Muhammad, 2014. "The Nexus Between Financial Development and Economic Growth in Lao PDR," MPRA Paper 57308, University Library of Munich, Germany, revised 14 Jul 2014.
    15. Asongu, Simplice & Batuo, Enowbi & Tchamyou, Vanessa, 2015. "Bundling Governance: Finance versus Institutions in Private Investment Promotion," MPRA Paper 71170, University Library of Munich, Germany.
    16. Stoyan Prodanov & Stefan Stanimirov, 2020. "Development of the Bulgarian Insurance Market - Crisis Challenges of the Decade," Economic Archive, D. A. Tsenov Academy of Economics, Svishtov, Bulgaria, issue 2 Year 20, pages 14-29.
    17. Okuyan Hasan Aydın, 2022. "The Nexus of Financial Development and Economic Growth Across Developing Economies," South East European Journal of Economics and Business, Sciendo, vol. 17(1), pages 125-140, June.
    18. N.M. Odhiambo, 2021. "Is Export-Led Growth Hypothesis Still Valid for Sub-Saharan African Countries? New Evidence from Panel Data Analysis," Working Papers AESRI-2021-02, African Economic and Social Research Institute (AESRI), revised Jan 2021.
    19. Brian Muyambiri & Nicholas M. Odhiambo, 2018. "Financial Development and Investment Dynamics in Mauritius: A Trivariate Granger-Causality Analysis," SPOUDAI Journal of Economics and Business, SPOUDAI Journal of Economics and Business, University of Piraeus, vol. 68(2-3), pages 62-73, April-Sep.
    20. Simplice A. Asongu & Joseph Nnanna & Vanessa S. Tchamyou, 2020. "Finance, Institutions and Private Investment in Africa," Working Papers of the African Governance and Development Institute. 20/080, African Governance and Development Institute..
    21. Simplice A, Asongu, 2012. "Linkages between investment flows and financial development: causality evidence from selected African countries," MPRA Paper 38719, University Library of Munich, Germany.
    22. Chima Igwe-Kalu & Barnabas Olusegun Obasaju, 2020. "Output Volatility in Nigeria: Does Financial Development Absorb Trade-Led Shocks?," International Journal of Finance, Insurance and Risk Management, International Journal of Finance, Insurance and Risk Management, vol. 10(2), pages 66-78.
    23. Naliniprava Tripathy & Shekhar Mishra, 2023. "The Dynamics of Cointegration Between Economic Growth and Financial Development in Emerging Asian Economy: Evidence from India," Vision, , vol. 27(4), pages 485-497, August.
    24. Prettner, Catherine, 2016. "Nonlinearities and Parameter Instability in the Finance-Growth Nexus," Department of Economics Working Paper Series 224, WU Vienna University of Economics and Business.
    25. Alimi, R. Santos, 2014. "DOLS Cointegration Vector Estimation of the Effect of Inflation and Financial Deepening on Output Growth in Nigeria," MPRA Paper 57182, University Library of Munich, Germany.
    26. James B. Ang, 2007. "A Survey Of Recent Developments In The Literature Of Finance And Growth," Monash Economics Working Papers 03-07, Monash University, Department of Economics.
    27. Mehmet Balcilar & Serhan Çiftçioğlu & Hasan Güngör, 2016. "The Effects Of Financial Development On Investment In Turkey," The Singapore Economic Review (SER), World Scientific Publishing Co. Pte. Ltd., vol. 61(04), pages 1-21, September.
    28. Lei Pan & Vinod Mishra, 2016. "Stock Market Development and Economic Growth: Empirical Evidence from China," Monash Economics Working Papers 16-16, Monash University, Department of Economics.
    29. Jalil, Abdul & Feridun, Mete & Ma, Ying, 2010. "Finance-growth nexus in China revisited: New evidence from principal components and ARDL bounds tests," Greenwich Papers in Political Economy 7918, University of Greenwich, Greenwich Political Economy Research Centre.
    30. Catherine Prettner, 2016. "Nonlinearities and Parameter Instability in the Finance-Growth Nexus," Department of Economics Working Papers wuwp224, Vienna University of Economics and Business, Department of Economics.
    31. Fredrik N. G. Andersson & Katarzyna Burzynska & Sonja Opper, 2016. "Lending for growth? A Granger causality analysis of China’s finance–growth nexus," Empirical Economics, Springer, vol. 51(3), pages 897-920, November.
    32. Ang, James, 2009. "Financial Liberalization and Income Inequality," MPRA Paper 14496, University Library of Munich, Germany.
    33. Michael Adusei, 2013. "Financial Development and Economic Growth: Evidence from Ghana," The International Journal of Business and Finance Research, The Institute for Business and Finance Research, vol. 7(5), pages 61-76.
    34. Katarina Bacic & Maruska Vizek, 2006. "A Brand New CROLEI: Do We Need a New Forecasting Index?," Financial Theory and Practice, Institute of Public Finance, vol. 30(4), pages 311-346.
    35. Su-Ling TSAI & Tsangyao CHANG, 2018. "The Comovment between Money and Economic Growth in 15 Asia-Pacific Countries: Wavelet Coherency Analysis in Time-Frequency Domain," Journal for Economic Forecasting, Institute for Economic Forecasting, vol. 0(2), pages 63-79, December.
    36. Takashi Fukuda, 2018. "India¡¯s Finance-Growth Nexus: Cointegration and Causality Analysis with Income Inequality and Globalization," Applied Economics and Finance, Redfame publishing, vol. 5(6), pages 12-22, November.
    37. Peia, Oana & Roszbach, Kasper, 2015. "Finance and growth: Time series evidence on causality," Journal of Financial Stability, Elsevier, vol. 19(C), pages 105-118.
    38. Pels, 2010. "Capital Inflows and Investment," The Institute for International Integration Studies Discussion Paper Series iiisdp330, IIIS.
    39. Ekkehard Ernst, 2019. "Finance and Jobs: How Financial Markets and Prudential Regulation Shape Unemployment Dynamics," JRFM, MDPI, vol. 12(1), pages 1-30, January.
    40. Yagli , Ibrahim & Cetenak , Emin Huseyin, 2023. "Financial Development and Capital Allocation Efficiency Nexus: Do Sources and Dimensions of Financial Development Matter?," Journal of Economic Development, The Economic Research Institute, Chung-Ang University, vol. 48(2), pages 83-103, June.
    41. Clement Moyo & Hlalefang Khobai & Nwabisa Kolisi & Zizipho Mbeki, 2018. "Financial develpoment and economic growth in Brazil: A non-linear ARDL approach," Working Papers 1811, Department of Economics, Nelson Mandela University, revised Mar 2018.
    42. Georgios Chortareas & Georgios Magkonis & Demetrios Moschos & Theodore Panagiotidis, 2015. "Financial Development and Economic Activity in Advanced and Developing Open Economies: Evidence from Panel Cointegration," Review of Development Economics, Wiley Blackwell, vol. 19(1), pages 163-177, February.
    43. Rousseau, Peter L. & D’Onofrio, Alexandra, 2013. "Monetization, Financial Development, and Growth: Time Series Evidence from 22 Countries in Sub-Saharan Africa," World Development, Elsevier, vol. 51(C), pages 132-153.
    44. Arayssi, Mahmoud & Fakih, Ali, 2017. "Finance–growth nexus in a changing political region: How important was the Arab Spring?," Economic Analysis and Policy, Elsevier, vol. 55(C), pages 106-123.
    45. Abbas Valadkhani & George Chen, 2014. "An empirical analysis of the US stock market and output growth volatility spillover effects on three Anglo-Saxon countries," International Review of Applied Economics, Taylor & Francis Journals, vol. 28(3), pages 323-335, May.
    46. Sarkar, Prabirjit, 2011. "Does finance matter for growth? what the data show," MPRA Paper 32937, University Library of Munich, Germany.

  33. Rousseau, Peter L. & Sylla, Richard, 2005. "Emerging financial markets and early US growth," Explorations in Economic History, Elsevier, vol. 42(1), pages 1-26, January.
    See citations under working paper version above.
  34. Boyan Jovanovic & Peter L. Rousseau, 2004. "Interest rates and the timing of new production," Economic Perspectives, Federal Reserve Bank of Chicago, vol. 28(Q IV), pages 2-11.

    Cited by:

    1. Waqas Mehmood & Rasidah Mohd-Rashid & Abd Halim Ahmad, 2023. "The Variability of IPO Issuance: Evidence from Pakistan Stock Exchange," Global Business Review, International Management Institute, vol. 24(5), pages 1025-1040, October.
    2. Johann Burgstaller, 2009. "When and why do Austrian companies issue shares?," Empirica, Springer;Austrian Institute for Economic Research;Austrian Economic Association, vol. 36(3), pages 229-244, August.

  35. Peter L. Rousseau, 2003. "Historical perspectives on financial development and economic growth," Review, Federal Reserve Bank of St. Louis, vol. 85(Jul), pages 81-106.
    See citations under working paper version above.
  36. Boyan Jovanovic & Peter L. Rousseau, 2003. "Two Technological Revolutions," Journal of the European Economic Association, MIT Press, vol. 1(2-3), pages 419-428, 04/05.

    Cited by:

    1. Lena Edlund & Wojciech Kopczuk, 2007. "Women, Wealth and Mobility," NBER Working Papers 13162, National Bureau of Economic Research, Inc.
    2. Eugene Kandel & Konstantin Kosenko & Randall Morck & Yishay Yafeh, 2013. "The Great Pyramids of America: A Revised History of US Business Groups, Corporate Ownership and Regulation, 1930-1950," NBER Working Papers 19691, National Bureau of Economic Research, Inc.
    3. Lubos Pastor & Pietro Veronesi, 2005. "Technological Revolutions and Stock Prices," NBER Working Papers 11876, National Bureau of Economic Research, Inc.
    4. Broer, Tobias & Kero, Afroditi, 2011. "Great Moderation or Great Mistake: Can rising confidence in low macro-risk explain the boom in asset prices?," CEPR Discussion Papers 8700, C.E.P.R. Discussion Papers.
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    4. Owen, Ann L. & Temesvary, Judit, 2012. "Foreign lending, local lending, and economic growth," MPRA Paper 39978, University Library of Munich, Germany.
    5. Petra Valickova & Tomas Havranek & Roman Horvath, 2015. "Financial Development And Economic Growth: A Meta-Analysis," Journal of Economic Surveys, Wiley Blackwell, vol. 29(3), pages 506-526, July.
    6. Duc Hong Vo & Son Van Huynh & Anh The Vo & Dao Thi-Thieu Ha, 2019. "The Importance of the Financial Derivatives Markets to Economic Development in the World’s Four Major Economies," JRFM, MDPI, vol. 12(1), pages 1-18, February.
    7. Lisa Chauvet & Luc Jacolin, 2017. "Financial inclusion, bank concentration, and firm performance," Post-Print hal-02277478, HAL.
    8. Topić-Pavković Branka & Kovačević Slaviša & Kurušić Drago, 2023. "The Impact of Innovative Financial and Banking Development on the Economic Growth of Bosnia and Herzegovina," Economics, Sciendo, vol. 11(1), pages 251-267, June.
    9. James, Ang, 2009. "Financial Liberalization and the Aid-Growth Relationship in India," MPRA Paper 14411, University Library of Munich, Germany.
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    11. Slesman, Ly & Baharumshah, Ahmad Zubaidi & Azman-Saini, W.N.W., 2019. "Political institutions and finance-growth nexus in emerging markets and developing countries: A tale of one threshold," The Quarterly Review of Economics and Finance, Elsevier, vol. 72(C), pages 80-100.
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    129. Phiri, Andrew, 2013. "Inflation and Economic Growth in Zambia: A Threshold Autoregressive (TAR) Econometric Approach," MPRA Paper 52093, University Library of Munich, Germany.
    130. Ali Almeshari & Mohamed Hisham Bin Dato Haji Yahya & Fakarudin Bin Kamarudin & Sha’ari Abd Hamid, 2023. "Liquidity Creation and Economic Growth: Are They Monotonically Related? Evidence from MENA Countries," Economies, MDPI, vol. 11(1), pages 1-19, January.
    131. TINA M. Edgar A. Ghossoub & TINA M. Robert R. Reedy, 2012. "Financial Development and the Distributional Effects of Monetary Policy Do the distributional consequences of monetary policy depend on the extent of financial development? Should optimal monetary pol," Working Papers 0035, College of Business, University of Texas at San Antonio.
    132. Graff, Michael & Karmann, Alexander, 2003. "What determines the finance-growth nexus? An endogenous growth model and empirical evidence," Dresden Discussion Paper Series in Economics 15/03, Technische Universität Dresden, Faculty of Business and Economics, Department of Economics.
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    135. Kim, Dong-Hyeon & Lin, Shu-Chin, 2023. "Income inequality, inflation and financial development," Journal of Empirical Finance, Elsevier, vol. 72(C), pages 468-487.
    136. Eggoh C. Jude, 2010. "Financial Development And Growth: A Panel Smooth Regression Approach," Journal of Economic Development, Chung-Ang Unviersity, Department of Economics, vol. 35(1), pages 15-33, March.
    137. Eggoh, Jude C. & Khan, Muhammad, 2014. "On the nonlinear relationship between inflation and economic growth," Research in Economics, Elsevier, vol. 68(2), pages 133-143.
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    142. Waheed Ahmad & Sana Ullah & Ilhan Ozturk & Muhammad Tariq Majeed, 2021. "Does inflation instability affect environmental pollution? Fresh evidence from Asian economies," Energy & Environment, , vol. 32(7), pages 1275-1291, November.
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    146. Olufemi Adewale Aluko & Muazu Ibrahim, 2020. "On the macroeconomic determinants of financial institutions development in sub-Saharan Africa," International Review of Economics, Springer;Happiness Economics and Interpersonal Relations (HEIRS), vol. 67(1), pages 69-85, March.
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    149. Ichiro Iwasaki & Evžen Kočenda, 2024. "Quest for the general effect size of finance on growth: a large meta-analysis of worldwide studies," Empirical Economics, Springer, vol. 66(6), pages 2659-2722, June.
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    154. Hamdi Becha & Maha Kalai & Kamel Helali, 2023. "Smooth transition regression model relating inflation to economic growth in Tunisia," Journal of Economic Structures, Springer;Pan-Pacific Association of Input-Output Studies (PAPAIOS), vol. 12(1), pages 1-26, December.
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    156. Thiago Christiano Silva & Iftekhar Hasan & Benjamin Miranda Tabak, 2021. "Financing choice and local economic growth: evidence from Brazil," Journal of Economic Growth, Springer, vol. 26(3), pages 329-357, September.
    157. Chien-Chiang Lee & Swee Yoong Wong, 2005. "Inflationary Threshold Effects In The Relationship Between Financial Development And Economic Growth: Evidence From Taiwan And Japan," Journal of Economic Development, Chung-Ang Unviersity, Department of Economics, vol. 30(1), pages 49-69, June.
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    159. Claudio Borio & Marc Farag & Fabrizio Zampolli, 2023. "Tackling the fiscal policy-financial stability nexus," BIS Working Papers 1090, Bank for International Settlements.
    160. Sarah Lynne Salvador Daway-Ducanes & Maria Socorro Gochoco-Bautista, 2019. "Manufacturing and Services Growth in Developing Economies: ‘Too Little’ Finance?," Progress in Development Studies, , vol. 19(1), pages 55-82, January.
    161. Marques, Luís Miguel & Fuinhas, José Alberto & Marques, António Cardoso, 2013. "Does the stock market cause economic growth? Portuguese evidence of economic regime change," Economic Modelling, Elsevier, vol. 32(C), pages 316-324.
    162. Felipe, Jesus & Sotocinal, Noli & Bayudan-Dacuycuy, Connie, 2015. "The Impact of Financial Factors on the Output Gap and Estimates of Potential Output Growth," ADB Economics Working Paper Series 457, Asian Development Bank.
    163. Turgut Türsoy & Faisal Faisal, 2018. "Does financial depth impact economic growth in North Cyprus?," Financial Innovation, Springer;Southwestern University of Finance and Economics, vol. 4(1), pages 1-13, December.
    164. Cristian Barra & Nazzareno Ruggiero, 2021. "The role of nonlinearity on the financial development–economic performance nexus: an econometric application to Italian banks," Empirical Economics, Springer, vol. 60(5), pages 2293-2322, May.
    165. Yang, Fan, 2019. "The impact of financial development on economic growth in middle-income countries," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 59(C), pages 74-89.
    166. Alexander Lubis & Constantinos Alexiou & Joseph G. Nellis, 2019. "Gauging the Impact of Payment System Innovations on Financial Intermediation: Novel Empirical Evidence from Indonesia," Journal of Emerging Market Finance, Institute for Financial Management and Research, vol. 18(3), pages 290-338, December.
    167. Tsvetanka Karagyozova, 2023. "Microinsurance and Economic Growth in Africa," Risks, MDPI, vol. 11(10), pages 1-29, October.
    168. Ghossoub, Edgar A. & Reed, Robert R., 2017. "Financial development, income inequality, and the redistributive effects of monetary policy," Journal of Development Economics, Elsevier, vol. 126(C), pages 167-189.
    169. D’Onofrio, Alexandra & Minetti, Raoul & Murro, Pierluigi, 2019. "Banking development, socioeconomic structure and income inequality," Journal of Economic Behavior & Organization, Elsevier, vol. 157(C), pages 428-451.
    170. Muhammad Kashif & Syed Faizan Iftikhar & Khurram Iftikhar, 2016. "Loan growth and bank solvency: evidence from the Pakistani banking sector," Financial Innovation, Springer;Southwestern University of Finance and Economics, vol. 2(1), pages 1-13, December.
    171. Butkiewicz, James L. & Gordon, Leo-Rey C., 2013. "The Economic Growth Effect of Offshore Banking in Host Territories: Evidence from the Caribbean," World Development, Elsevier, vol. 44(C), pages 165-179.
    172. Felipe, Jesus & Estrada, Gemma, 2020. "What happened to the world's potential growth after the 2008–2009 global financial crisis?," Journal of the Japanese and International Economies, Elsevier, vol. 56(C).
    173. Vighneswara Swamy & Munusamy Dharani, 2020. "Thresholds of financial development in the Euro area," The World Economy, Wiley Blackwell, vol. 43(6), pages 1730-1774, June.
    174. Kraft, Evan & Jankov, Ljubinko, 2005. "Does speed kill? Lending booms and their consequences in Croatia," Journal of Banking & Finance, Elsevier, vol. 29(1), pages 105-121, January.
    175. Ali Shaddady, 2023. "Unveiling the Dynamics of Financial Institutions and Markets in Shaping Economic Prosperity in MENA," IJFS, MDPI, vol. 11(4), pages 1-21, December.
    176. Stefanos Ioannou & Dariusz Wójcik, 2021. "Finance and growth nexus: An international analysis across cities," Urban Studies, Urban Studies Journal Limited, vol. 58(1), pages 223-242, January.
    177. Celil Aydin & Fatma Gundogdu Odabasioglu, 2017. "Financial Development and Economic Growth: The Case of Turkey and Romania," International Journal of Academic Research in Business and Social Sciences, Human Resource Management Academic Research Society, International Journal of Academic Research in Business and Social Sciences, vol. 7(6), pages 23-38, June.
    178. Kizito Uyi Ehigiamusoe & Vinitha Guptan & Suresh Narayanan, 2021. "Rethinking the impact of GDP on financial development: Evidence from heterogeneous panels," African Development Review, African Development Bank, vol. 33(1), pages 1-13, March.
    179. Boďa, Martin, 2024. "Financial depth versus more comprehensive metrics of financial development in tests of the finance-growth nexus," Economic Systems, Elsevier, vol. 48(1).
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    181. Swamy, Vighneswara & Dharani, Munusamy, 2019. "The dynamics of finance-growth nexus in advanced economies," International Review of Economics & Finance, Elsevier, vol. 64(C), pages 122-146.
    182. Ghossoub, Edgar A., 2023. "Economic growth, inflation, and banking sector competition," Economic Modelling, Elsevier, vol. 129(C).
    183. Knill, April M., 2005. "Taking the bad with the good : volatility of foreign portfolio investment and financial constraints of small firms," Policy Research Working Paper Series 3797, The World Bank.
    184. Aslan, Alper & Apergis, Nicholas & Topcu, Mert, 2014. "Banking development and energy consumption: Evidence from a panel of Middle Eastern countries," Energy, Elsevier, vol. 72(C), pages 427-433.
    185. Dombi, Akos & Grigoriadis, Theocharis & Zhu, Junbing, 2020. "Antiquity and capitalism: The finance-growth perspective," Discussion Papers 2020/9, Free University Berlin, School of Business & Economics.
    186. Abdou Khadre Dieng & Abdoulaye Camara, 2021. "Financial Development, Institutions and Economic Growth in WAEMU Countries," International Journal of Economics and Finance, Canadian Center of Science and Education, vol. 13(8), pages 1-40, August.
    187. Adeniyi, Oluwatosin & Oyinlola, Abimbola & Omisakin, Olusegun & Egwaikhide, Festus O., 2015. "Financial development and economic growth in Nigeria: Evidence from threshold modelling," Economic Analysis and Policy, Elsevier, vol. 47(C), pages 11-21.
    188. Prince C. Nwakanma & Ikechukwu S. Nnamdi & Godfrey O. Omojefe, 2014. "From Rural to Microfinance Banking: Contributions of Micro Credits to Nigeria¡¯s Economic Growth ¨C An ARDL Approach," International Journal of Financial Research, International Journal of Financial Research, Sciedu Press, vol. 5(3), pages 73-85, July.
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    191. Kim, Dong-Hyeon & Lin, Shu-Chin, 2024. "Inflation and wealth inequality," Economic Analysis and Policy, Elsevier, vol. 82(C), pages 893-907.
    192. Ahmed, Abdullahi D. & Mmolainyane, Kelesego K., 2014. "Financial integration, capital market development and economic performance: Empirical evidence from Botswana," Economic Modelling, Elsevier, vol. 42(C), pages 1-14.
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    194. Salvatore Perri, 2013. "The role of macroeconomic stability in the finance-growth nexus. Threshold regression approach," STUDI ECONOMICI, FrancoAngeli Editore, vol. 2013(110), pages 57-81.
    195. Richard E. Itaman, 2022. "The finance‐growth nexus enigma: Bringing in institutional context and the productiveness debate," Journal of Economic Surveys, Wiley Blackwell, vol. 36(2), pages 504-527, April.
    196. Chen, K.C. & Wu, Lifan & Wen, Jian, 2013. "The relationship between finance and growth in China," Global Finance Journal, Elsevier, vol. 24(1), pages 1-12.

  41. Boyan Jovanovic & Peter L. Rousseau, 2001. "Why Wait? A Century of Life before IPO," American Economic Review, American Economic Association, vol. 91(2), pages 336-341, May.
    See citations under working paper version above.
  42. Boyan Jovanovic & Peter L. Rousseau, 2001. "Liquidity effects in the bond market," Economic Perspectives, Federal Reserve Bank of Chicago, vol. 25(Q IV), pages 17-35.
    See citations under working paper version above.
  43. Bell, Clive & Rousseau, Peter L., 2001. "Post-independence India: a case of finance-led industrialization?," Journal of Development Economics, Elsevier, vol. 65(1), pages 153-175, June.
    See citations under working paper version above.
  44. Rousseau, P. L. & Wachtel, P., 2000. "Equity markets and growth: Cross-country evidence on timing and outcomes, 1980-1995," Journal of Banking & Finance, Elsevier, vol. 24(12), pages 1933-1957, December.
    See citations under working paper version above.
  45. Boyan Jovanovic & Peter L. Rousseau, 2000. "Vintage organization capital," Proceedings, Federal Reserve Bank of San Francisco, issue Apr.
    See citations under working paper version above.
  46. Atack, Jeremy & Rousseau, Peter L., 1999. "Business Activity and the Boston Stock Market, 1835-1869," Explorations in Economic History, Elsevier, vol. 36(2), pages 144-179, April.
    See citations under working paper version above.
  47. Rousseau, Peter L., 1999. "Finance, investment, and growth in Meiji-era Japan," Japan and the World Economy, Elsevier, vol. 11(2), pages 185-198, April.

    Cited by:

    1. John Tang, 2016. "A Tale of Two Sics: Japanese and American Industrialization in Historical Perspective," CEH Discussion Papers 045, Centre for Economic History, Research School of Economics, Australian National University.
    2. Muyambiri Brian & Odhiambo Nicholas M., 2018. "Financial Development and Investment in Botswana: A Multivariate Causality Test," Folia Oeconomica Stetinensia, Sciendo, vol. 18(2), pages 72-89, December.
    3. Muyambiri, Brian & Odhiambo, Nicholas Mbaya, 2017. "South Africa's financial development and its role in investment," Working Papers 22084, University of South Africa, Department of Economics.
    4. Muyambiri, Brian & Odhiambo, Nicholas M, 2017. "The causal relationship between financial development and investment in Botswana," Working Papers 22607, University of South Africa, Department of Economics.
    5. Sylla, Richard, 2003. "Financial systems, risk management, and entrepreneurship: historical perspectives," Japan and the World Economy, Elsevier, vol. 15(4), pages 447-458, December.
    6. Tang, John P. & Basco, Sergi, 2023. "Banks, credit supply, and the life cycle of firms: Evidence from late nineteenth century Japan," Journal of Banking & Finance, Elsevier, vol. 154(C).
    7. Fung, Michael K., 2009. "Financial development and economic growth: Convergence or divergence?," Journal of International Money and Finance, Elsevier, vol. 28(1), pages 56-67, February.
    8. Najia Saqib, 2015. "Review of Literature on Finance-Growth Nexus," Journal of Applied Finance & Banking, SCIENPRESS Ltd, vol. 5(4), pages 1-11.
    9. Bordo, Michael D. & Rousseau, Peter L., 2012. "Historical evidence on the finance-trade-growth nexus," Journal of Banking & Finance, Elsevier, vol. 36(4), pages 1236-1243.
    10. Wolfgang Keller & Carol H. Shiue & Xin Wang, 2020. "Capital markets and grain prices: assessing the storage cost approach," Cliometrica, Springer;Cliometric Society (Association Francaise de Cliométrie), vol. 14(2), pages 367-396, May.
    11. Okuyan Hasan Aydın, 2022. "The Nexus of Financial Development and Economic Growth Across Developing Economies," South East European Journal of Economics and Business, Sciendo, vol. 17(1), pages 125-140, June.
    12. Emmanuel Carré & Guillaume L'Oeillet, 2018. "The Literature on the Finance–Growth Nexus in the Aftermath of the Financial Crisis: A Review," Post-Print halshs-01746069, HAL.
    13. Muyambiri Brian & Odhiambo Nicholas, 2017. "Financial Development, Savings and Investment in South Africa: A Dynamic Causality Test," Global Economy Journal, De Gruyter, vol. 17(3), pages 1-10, September.
    14. Brian Muyambiri & Nicholas M. Odhiambo, 2018. "Financial Development and Investment Dynamics in Mauritius: A Trivariate Granger-Causality Analysis," SPOUDAI Journal of Economics and Business, SPOUDAI Journal of Economics and Business, University of Piraeus, vol. 68(2-3), pages 62-73, April-Sep.
    15. Simplice A, Asongu, 2012. "Linkages between investment flows and financial development: causality evidence from selected African countries," MPRA Paper 38719, University Library of Munich, Germany.
    16. Levine, Ross, 2005. "Finance and Growth: Theory and Evidence," Handbook of Economic Growth, in: Philippe Aghion & Steven Durlauf (ed.), Handbook of Economic Growth, edition 1, volume 1, chapter 12, pages 865-934, Elsevier.
    17. Kris James Mitchener & Mari Ohnuki, 2007. "Capital Market Integration in Japan," Monetary and Economic Studies, Institute for Monetary and Economic Studies, Bank of Japan, vol. 25(2), pages 129-154, November.
    18. Kris James Mitchener & Mari Ohnuki, 2008. "Institutions, Competition, and Capital Market Integration in Japan," IMES Discussion Paper Series 08-E-12, Institute for Monetary and Economic Studies, Bank of Japan.
    19. Zhang, Jin & Wang, Lanfang & Wang, Susheng, 2012. "Financial development and economic growth: Recent evidence from China," Journal of Comparative Economics, Elsevier, vol. 40(3), pages 393-412.
    20. Miwa, Yoshiro & Ramseyer, J. Mark, 2006. "Japanese industrial finance at the close of the 19th century: Trade credit and financial intermediation," Explorations in Economic History, Elsevier, vol. 43(1), pages 94-118, January.
    21. Bordo, Michael D. & Rousseau, Peter L., 2006. "Legal-political factors and the historical evolution of the finance-growth link," European Review of Economic History, Cambridge University Press, vol. 10(3), pages 421-444, December.
    22. Peter L. Rousseau & Paul Wachtel, 2017. "Episodes of financial deepening: credit booms or growth generators?," Vanderbilt University Department of Economics Working Papers 17-00009, Vanderbilt University Department of Economics.
    23. Ang, James B. & McKibbin, Warwick J., 2007. "Financial liberalization, financial sector development and growth: Evidence from Malaysia," Journal of Development Economics, Elsevier, vol. 84(1), pages 215-233, September.
    24. Sonobe, Tetsushi & Otsuka, Keijiro, 2001. "A new decomposition approach to growth accounting: derivation of the formula and its application to prewar Japan," Japan and the World Economy, Elsevier, vol. 13(1), pages 1-14, January.
    25. Peter L. Rousseau, 2003. "Historical perspectives on financial development and economic growth," Review, Federal Reserve Bank of St. Louis, vol. 85(Jul), pages 81-106.
    26. Philip T. Hoffman & Gilles Postel-Vinay & Jean-Laurent Rosenthal, 2015. "Entry, information, and financial development: A century of competition between French banks and notaries," PSE-Ecole d'économie de Paris (Postprint) halshs-01207248, HAL.
    27. Mehmet Balcilar & Serhan Çiftçioğlu & Hasan Güngör, 2016. "The Effects Of Financial Development On Investment In Turkey," The Singapore Economic Review (SER), World Scientific Publishing Co. Pte. Ltd., vol. 61(04), pages 1-21, September.
    28. Rousseau, Peter L. & Sylla, Richard, 2006. "Financial revolutions and economic growth: Introducing this EEH symposium," Explorations in Economic History, Elsevier, vol. 43(1), pages 1-12, January.
    29. John Tang, 2014. "A tale of two SICs: industrial development in Japan and the United States in the late nineteenth century," Working Papers 14002, Economic History Society.
    30. Kris J. Mitchener & Mari Ohnuki, 2008. "Institutions, Competition, and Capital Market Integration in Japan," NBER Working Papers 14090, National Bureau of Economic Research, Inc.
    31. Peter L. Rousseau & Richard Sylla, 2003. "Financial Systems, Economic Growth, and Globalization," NBER Chapters, in: Globalization in Historical Perspective, pages 373-416, National Bureau of Economic Research, Inc.
    32. SERGI BASCO & John P. Tang, 2017. "The Samurai Bond: Credit Supply And Economic Growth In Pre-War Japan," CEH Discussion Papers 05, Centre for Economic History, Research School of Economics, Australian National University.
    33. Sergi Basco & John P. Tang, 2021. "Banks, Credit Supply, and the Life Cycle of Firms: Theory and Evidence from Late Nineteenth Century Japan," CEH Discussion Papers 02, Centre for Economic History, Research School of Economics, Australian National University.
    34. Emmanuel Carré & Guillaume L'Oeillet, 2017. "Une revue de la littérature récente sur le nexus finance-croissance après la crise : apports, limites et pistes de recherche," Post-Print halshs-01683732, HAL.
    35. Jansson, Walter, 2018. "Stock markets, banks and economic growth in the UK, 1850–1913," Financial History Review, Cambridge University Press, vol. 25(3), pages 263-296, December.
    36. Wolfgang Keller & Carol H. Shiue & Xin Wang, 2018. "Capital Markets and Grain Prices: Assessing the Storage Approach," NBER Working Papers 24388, National Bureau of Economic Research, Inc.
    37. Trunin, Pavel (Трунин, Павел), 2015. "Analysis of the Level of Development of the Financial System in the Russian Federation [Анализ Уровня Развития Финансовой Системы В Российской Федерации]," Published Papers mn38, Russian Presidential Academy of National Economy and Public Administration.
    38. Rousseau, Peter L. & Vuthipadadorn, Dadanee, 2005. "Finance, investment, and growth: Time series evidence from 10 Asian economies," Journal of Macroeconomics, Elsevier, vol. 27(1), pages 87-106, March.
    39. İsmail Durak & Ergün Eroğlu, 2019. "The Nexus of Economic Growth, Trade Openness and Banking Sector Depth In OIC: An Application of Panel Data Analysis," Alphanumeric Journal, Bahadir Fatih Yildirim, vol. 7(2), pages 205-238, December.
    40. Kris James Mitchener & Mari Ohnuki, 2007. "Capital Market Integration In Japan," IMES Discussion Paper Series 07-E-17, Institute for Monetary and Economic Studies, Bank of Japan.

  48. Rousseau, Peter L & Wachtel, Paul, 1998. "Financial Intermediation and Economic Performance: Historical Evidence from Five Industrialized Countries," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 30(4), pages 657-678, November.

    Cited by:

    1. Maswana, Jean-Claude, 2006. "An empirical investigation around the finance-growth puzzle in China with a particular focus on causality and efficiency considerations," MPRA Paper 3946, University Library of Munich, Germany, revised Apr 2006.
    2. George Asumadu & Emmanuel Amo-Bediako, 2021. "Stock Market Performance and Economic Growth Nexus: A Panacea or Pain to Ghana?," International Journal of Research and Innovation in Social Science, International Journal of Research and Innovation in Social Science (IJRISS), vol. 5(4), pages 423-429, April.
    3. Ho, Chun-Yu, 2012. "Market structure, welfare, and banking reform in China," Journal of Comparative Economics, Elsevier, vol. 40(2), pages 291-313.
    4. Peter L. Rousseau, 2004. "A Common Currency: Early U.S. Monetary Policy and the Transition to the Dollar," NBER Working Papers 10702, National Bureau of Economic Research, Inc.
    5. Denizer, Cevdet & Iyigun, Murat F. & Owen, Ann L., 2000. "Finance and macroeconomic volatility," Policy Research Working Paper Series 2487, The World Bank.
    6. Khalil Mhadhbi & Chokri Terzi & Ali Bouchrika, 2020. "Banking sector development and economic growth in developing countries: a bootstrap panel Granger causality analysis," Empirical Economics, Springer, vol. 58(6), pages 2817-2836, June.
    7. Caleb Stroup & Peter Rousseau, 2010. "Monetization and Growth in Colonial New England, 1703-1749," Working Papers 10-01, Davidson College, Department of Economics.
    8. Skikiewicz Robert & Garczarczyk Józef, 2018. "Cyclical Fluctuations in the Banking Services Market and the Changes in the Situation of Entities from the Financial Services Sector," Central European Economic Journal, Sciendo, vol. 5(52), pages 118-129, January.
    9. Angela Redish & Ian Keay, 2002. "Financial Markets And Twentieth Century Industrialization: Evidence From U.s. And Canadian Steel Producers," Working Paper 1003, Economics Department, Queen's University.
    10. Ross Levine & Norman Loayza & Thorsten Beck, 2002. "Financial Intermediation and Growth: Causality and Causes," Central Banking, Analysis, and Economic Policies Book Series, in: Leonardo Hernández & Klaus Schmidt-Hebbel & Norman Loayza (Series Editor) & Klaus Schmidt-Hebbel (Se (ed.),Banking, Financial Integration, and International Crises, edition 1, volume 3, chapter 2, pages 031-084, Central Bank of Chile.
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    12. Young, Andrew & Higgins, Matthew & Levy, Daniel, 2006. "Heterogeneous Convergence," MPRA Paper 954, University Library of Munich, Germany.
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    16. Xu, Chenzi & Yang, He, 2024. "Real effects of supplying safe private money," Journal of Financial Economics, Elsevier, vol. 157(C).
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    18. Baotai Wang & D. Ajit, 2013. "Stock Market and Economic Growth in China," Economics Bulletin, AccessEcon, vol. 33(1), pages 95-103.
    19. Bell, Clive & Rousseau, Peter L., 2001. "Post-independence India: a case of finance-led industrialization?," Journal of Development Economics, Elsevier, vol. 65(1), pages 153-175, June.
    20. Mitchener, Kris James & Wheelock, David C., 2013. "Does the structure of banking markets affect economic growth? Evidence from U.S. state banking markets," Explorations in Economic History, Elsevier, vol. 50(2), pages 161-178.
    21. Mr. Nikola Spatafora & Ms. Oana Luca, 2012. "Capital Inflows, Financial Development, and Domestic Investment: Determinants and Inter-Relationships," IMF Working Papers 2012/120, International Monetary Fund.
    22. Anna Ząbkowicz & Sławomir Czech, 2016. "Revisiting conventional wisdom: does financialization have to leave sovereigns subordinated?," Ekonomia journal, Faculty of Economic Sciences, University of Warsaw, vol. 47.
    23. Ensar Yilmaz & Ozgur Kayalica, 2003. "Finance and Growth in Turkey: Casuality Issue," Istanbul Stock Exchange Review, Research and Business Development Department, Borsa Istanbul, vol. 6(24), pages 33-48.
    24. Jude Eggoh, 2012. "Inflation Effects on Finance-Growth Link: A Panel Smooth Threshold Approach," International Economic Journal, Taylor & Francis Journals, vol. 26(4), pages 711-725, June.
    25. Beck, Thorsten & Demirguc-Kunt, Asli & Levine, Ross & Maksimovic, Vojislav, 2000. "Financial structure and economic development - firm, industry, and country evidence," Policy Research Working Paper Series 2423, The World Bank.
    26. Joydeep Biswas, 2008. "Does Finance Lead to Economic Growth? An Empirical Assessment of 12 Asian Economies," Margin: The Journal of Applied Economic Research, National Council of Applied Economic Research, vol. 2(3), pages 229-246, August.
    27. Keay, Ian & Redish, Angela, 2004. "The micro-economic effects of financial market structure: evidence from 20th century North American steel firms," Explorations in Economic History, Elsevier, vol. 41(4), pages 377-403, October.
    28. Adegbite, Emmanuel & Amaeshi, Kenneth & Nakajima, Chizu, 2013. "Multiple influences on corporate governance practice in Nigeria: Agents, strategies and implications," International Business Review, Elsevier, vol. 22(3), pages 524-538.
    29. Richard Pomfret, 2009. "The Financial Sector and the Future of Capitalism," School of Economics and Public Policy Working Papers 2009-05, University of Adelaide, School of Economics and Public Policy.
    30. Paola Bongini & Małgorzata Iwanicz-Drozdowska & Paweł Smaga & Bartosz Witkowski, 2017. "Financial Development and Economic Growth: The Role of Foreign-Owned Banks in CESEE Countries," Sustainability, MDPI, vol. 9(3), pages 1-25, March.
    31. Naoko Kojo, 2000. "Bangladesh : Financial Sector Distress and Lost Economic Growth," World Bank Publications - Reports 15476, The World Bank Group.
    32. Paul Wachtel & Peter L. Rousseau, 2006. "What is happening to the impact of financial deepening on economic growth?," Working Papers 06-15, New York University, Leonard N. Stern School of Business, Department of Economics.
    33. Moritz Schularick & Alan M. Taylor, 2009. "Credit Booms Gone Bust: Monetary Policy, Leverage Cycles and Financial Crises, 1870-2008," NBER Working Papers 15512, National Bureau of Economic Research, Inc.
    34. Howard Bodenhorn, 2016. "Two Centuries of Finance and Growth in the United States, 1790-1980," NBER Working Papers 22652, National Bureau of Economic Research, Inc.
    35. Rosa Capolupo, 2018. "Finance, Investment and Growth: Evidence for Italy," Economic Notes, Banca Monte dei Paschi di Siena SpA, vol. 47(1), pages 145-186, February.
    36. Rousseau, P. L. & Wachtel, P., 2000. "Equity markets and growth: Cross-country evidence on timing and outcomes, 1980-1995," Journal of Banking & Finance, Elsevier, vol. 24(12), pages 1933-1957, December.
    37. Paul Wachtel, 2017. "Credit Deepening: Precursor to growth or crisis?," Working Papers 17-04, New York University, Leonard N. Stern School of Business, Department of Economics.
    38. Senra Hodelin, Reynaldo, 2022. "Public banking and economic growth: The experiences of 10 countries since the 1950s until 2017," Economic Systems, Elsevier, vol. 46(1).
    39. Rousseau, Peter L. & Xiao, Sheng, 2007. "Banks, stock markets, and China's `great leap forward'," Emerging Markets Review, Elsevier, vol. 8(3), pages 206-217, September.
    40. Mr. Ephraim W. Chirwa & Mr. Montfort Mlachila, 2002. "Financial Reforms and Interest Rate Spreads in the Commercial Banking System in Malawi," IMF Working Papers 2002/006, International Monetary Fund.
    41. Souad HAMMAMI* & Mounir SMIDA, 2022. "What Is The Role Of The Banking Sector In Economic Growth? Case of Tunisian Banks," Noble International Journal of Economics and Financial Research, Noble Academic Publsiher, vol. 7(1), pages 24-31, March.
    42. Adnan, Noureen & Shahzad, Syed Jawad Hussain, 2014. "The European Financial System in Limelight," MPRA Paper 60152, University Library of Munich, Germany.
    43. J Korosteleva & Colin Lawson, 2009. "The Belarusian Case of Transition: Whither Financial Repression?," Department of Economics Working Papers 4/09, University of Bath, Department of Economics.
    44. International Monetary Fund, 2004. "Financial Sector Development in the Middle East and North Africa," IMF Working Papers 2004/201, International Monetary Fund.
    45. Matthew Higgins & Daniel Levy & Andrew Young, 2005. "Growth and Convergence across the U.S: Evidence from County-Level Data," Macroeconomics 0509023, University Library of Munich, Germany.
    46. Stuart Wilson, 2006. "Factor accumulation in Canada before the Great Depression: investment and immigration dynamics," Empirical Economics, Springer, vol. 31(1), pages 261-275, March.
    47. Koivu, Tuuli, 2002. "Do efficient banking sectors accelerate economic growth in transition countries?," BOFIT Discussion Papers 14/2002, Bank of Finland Institute for Emerging Economies (BOFIT).
    48. Thomas Gries & Manfred Kraft & Daniel Meierrieks, 2008. "Financial Deepening, Trade Openness and Economic Growth in Latin America and the Caribbean," Working Papers CIE 17, Paderborn University, CIE Center for International Economics.
    49. Paul Wachtel, 2019. "Reflections on Transition After 30 Years: Transition vs. Convergence," ifo DICE Report, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 17(03), pages 03-08, October.
    50. Bjorn Richter & Moritz Schularick & Paul Wachtel, 2018. "When to Lean Against the Wind," Working Papers 18-10, New York University, Leonard N. Stern School of Business, Department of Economics.
    51. Rousseau, Peter L., 2011. "The Market for Bank Stocks and the Rise of Deposit Banking in New York City, 1866–1897," The Journal of Economic History, Cambridge University Press, vol. 71(4), pages 976-1005, December.
    52. Ozsoz, Emre, 2011. "What determines return risks for bank equities in Turkey?," MPRA Paper 35291, University Library of Munich, Germany.
    53. J. François Outreville, 2011. "The relationship between insurance growth and economic development - 80 empirical papers for a review of the literature," ICER Working Papers 12-2011, ICER - International Centre for Economic Research.
    54. Kim, Jong Hun & Rousseau, Peter L., 2012. "Credit buildups and the stock market in four East Asian economies," Journal of Macroeconomics, Elsevier, vol. 34(2), pages 489-503.
    55. Rosa Capolupo, 2005. "THE NEW GROWTH THEORIES AND THEIR EMPIRICS, Discussion Paper in Economics, University of Glasgow, N. 2005-04 (http://www.gla.ac.uk/Acad/Economics," GE, Growth, Math methods 0506003, University Library of Munich, Germany.
    56. Fung, Michael K., 2009. "Financial development and economic growth: Convergence or divergence?," Journal of International Money and Finance, Elsevier, vol. 28(1), pages 56-67, February.
    57. Muhammad Shahbaz & Ijaz Ur Rehman & Ahmed Taneem Muzaffar, 2015. "Re-Visiting Financial Development and Economic Growth Nexus: The Role of Capitalization in Bangladesh," South African Journal of Economics, Economic Society of South Africa, vol. 83(3), pages 452-471, September.
    58. Nicholas Apergis, 2020. "Financial market imperfections and profitability: New evidence from a large panel of US SME firms," Journal of Forecasting, John Wiley & Sons, Ltd., vol. 39(2), pages 220-241, March.
    59. Najia Saqib, 2015. "Review of Literature on Finance-Growth Nexus," Journal of Applied Finance & Banking, SCIENPRESS Ltd, vol. 5(4), pages 1-11.
    60. Kjell Sümegi & Peter Haiss, 2006. "The Relationship of Insurance and Economic Growth - a Theoretical and Empirical Analysis," EcoMod2006 272100091, EcoMod.
    61. Peter L. Rousseau & Paul Wachtel, 2005. "Economic Growth and Financial Depth: Is the Relationship Extinct Already?," Working Papers 05-15, New York University, Leonard N. Stern School of Business, Department of Economics.
    62. Bordo, Michael D. & Rousseau, Peter L., 2012. "Historical evidence on the finance-trade-growth nexus," Journal of Banking & Finance, Elsevier, vol. 36(4), pages 1236-1243.
    63. AL-ZUBI, Khaled & AL-RJOUB,Samer & ABU-MHAREB,E, 2006. "Financial Development And Economic Growth: A New Empirical Evidence From The Mena Countries, 1989-2001," Applied Econometrics and International Development, Euro-American Association of Economic Development, vol. 6(3).
    64. Wolfgang Keller & Carol H. Shiue & Xin Wang, 2020. "Capital markets and grain prices: assessing the storage cost approach," Cliometrica, Springer;Cliometric Society (Association Francaise de Cliométrie), vol. 14(2), pages 367-396, May.
    65. Peter L. Rousseau, 1999. "Share Liquidity and Industrial Growth in an Emerging Market: The Case of New England, 1854-1897," NBER Historical Working Papers 0117, National Bureau of Economic Research, Inc.
    66. Hondroyiannis, George & Lolos, Sarantis & Papapetrou, Evangelia, 2005. "Financial markets and economic growth in Greece, 1986-1999," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 15(2), pages 173-188, April.
    67. Paul Wachtel, 2003. "How much do we really know about growth and finance?," Economic Review, Federal Reserve Bank of Atlanta, vol. 88(Q1), pages 33-47.
    68. Azem Duraku, 2021. "Public Revenues and Expenditures in Kosovo," European Journal of Marketing and Economics Articles, Revistia Research and Publishing, vol. 1, EJME May .
    69. Mohamed Aydi & Abdelkader Aguir, 2017. "Financial Development and Economic Growth: The Empirical Evidence of the Southern Mediterranean Countries," International Journal of Economics and Financial Issues, Econjournals, vol. 7(3), pages 196-209.
    70. Rudra P. Pradhan & Mak B. Arvin & Neville R. Norman & John H. Hall, 2014. "The dynamics of banking sector and stock market maturity and the performance of Asian economies," Journal of Economic and Administrative Sciences, Emerald Group Publishing Limited, vol. 30(1), pages 16-44, May.
    71. Florent DEISTING & Farid MAKHLOUF & Groupe ESC Pau & Adil NAAMANE, 2011. "Développement financier, flux financiers et croissance économique," Working Papers 1504, Groupe ESC Pau, Research Department, revised Dec 2011.
    72. Devarakonda, S. & Chittineni, J., 2019. "Does Insurance Promote Economic Growth? Evidence from BRICS Countries," Journal of Applied Management and Investments, Department of Business Administration and Corporate Security, International Humanitarian University, vol. 8(3), pages 135-146, September.
    73. Suto, Isao & James, John A., 1999. "Savings and early economic growth in the United States and Japan," Japan and the World Economy, Elsevier, vol. 11(2), pages 161-183, April.
    74. Thomas Gries & Manfred Kraft & Daniel Meierrieks, 2008. "Linkages between Financial Deepening,Trade Openness and Economic Development: Causality Evidence from Sub-Saharan Africa," Working Papers CIE 15, Paderborn University, CIE Center for International Economics.
    75. Fisman, Raymond & Love, Inessa, 2001. "Trade credit, financial intermediary development, and industry growth," Policy Research Working Paper Series 2695, The World Bank.
    76. Adema, Yvonne & Sterken, Elmer, 2001. "Monetary stability and financial development in Sub-Saharan countries," Research Report 01E61, University of Groningen, Research Institute SOM (Systems, Organisations and Management).
    77. Zhang, Bo & Zhou, Peng, 2021. "Financial development and economic growth in a microfounded small open economy model," The North American Journal of Economics and Finance, Elsevier, vol. 58(C).
    78. Okuyan Hasan Aydın, 2022. "The Nexus of Financial Development and Economic Growth Across Developing Economies," South East European Journal of Economics and Business, Sciendo, vol. 17(1), pages 125-140, June.
    79. Adenutsi, Deodat E., 2010. "Financial development, bank savings mobilization and economic performance in Ghana: evidence from a multivariate structural VAR," MPRA Paper 29571, University Library of Munich, Germany.
    80. J. François Outreville, 2013. "The Relationship Between Insurance and Economic Development: 85 Empirical Papers for a Review of the Literature," Risk Management and Insurance Review, American Risk and Insurance Association, vol. 16(1), pages 71-122, March.
    81. Baotai Wang & D. Ajit, 2013. "Stock Market and Economic Growth in China," EcoMod2013 5649, EcoMod.
    82. Athanasenas, Athanasios L., 2010. "Credit, income, and causality: A contemporary co-integration analysis," European Journal of Operational Research, Elsevier, vol. 201(1), pages 194-205, February.
    83. Phiri, Andrew, 2014. "Asymmetric co-integration and causality effects between financial development and economic growth in South Africa," MPRA Paper 53055, University Library of Munich, Germany.
    84. Mohammed Ziaur Rehman & Nasir Ali & Najeeb Muhammad Nasir, 2015. "Financial Development, Savings and Economic Growth: Evidence from Bahrain Using VAR," International Journal of Financial Research, International Journal of Financial Research, Sciedu Press, vol. 6(2), pages 112-123, April.
    85. Leslie Hannah, 2015. "A global corporate census: publicly traded and close companies in 1910," Economic History Review, Economic History Society, vol. 68(2), pages 548-573, May.
    86. Rousseau, Peter L. & Sylla, Richard, 2005. "Emerging financial markets and early US growth," Explorations in Economic History, Elsevier, vol. 42(1), pages 1-26, January.
    87. Joshua Duarte & João Sousa Andrade & Pedro Bação, 2023. "Dynamic effects of financial development on economic activity," Applied Economics, Taylor & Francis Journals, vol. 55(29), pages 3329-3346, June.
    88. Hasan, Iftekhar & Kobeissi, Nada & Wang, Haizhi & Zhou, Mingming, 2015. "Banking structure, marketization and small business development: Regional evidence from China," BOFIT Discussion Papers 11/2015, Bank of Finland Institute for Emerging Economies (BOFIT).
    89. George Hondroyiannis & Sarantis Lolos & Evangelia Papapetrou, 2004. "Financial Markets and Economic Growth in Greece," Working Papers 17, Bank of Greece.
    90. Kar, Muhsin & Nazlıoğlu, Şaban & Ağır, Hüseyin, 2011. "Financial development and economic growth nexus in the MENA countries: Bootstrap panel granger causality analysis," Economic Modelling, Elsevier, vol. 28(1), pages 685-693.
    91. Ran Abramitzky & Leah Platt Boustan & Katherine Eriksson, 2016. "To the New World and Back Again: Return Migrants in the Age of Mass Migration," NBER Working Papers 22659, National Bureau of Economic Research, Inc.
    92. Pradhan, Rudra P. & Arvin, Mak B. & Bahmani, Sahar, 2015. "Causal nexus between economic growth, inflation, and stock market development: The case of OECD countries," Global Finance Journal, Elsevier, vol. 27(C), pages 98-111.
    93. Jeremy Atack & Matthew S. Jaremski & Peter L. Rousseau, 2014. "Did Railroads Make Antebellum U.S. Banks More Sound?," NBER Chapters, in: Enterprising America: Businesses, Banks, and Credit Markets in Historical Perspective, pages 149-178, National Bureau of Economic Research, Inc.
    94. Atul MEHTA & Joysankar BHATTACHARYA, 2018. "Financial sector development and the poor in developing countries: revisiting the access to finance channel," Theoretical and Applied Economics, Asociatia Generala a Economistilor din Romania / Editura Economica, vol. 0(3(616), A), pages 153-168, Autumn.
    95. Williams, Kevin, 2019. "Do political institutions improve the diminishing effect of financial deepening on growth? Evidence from developing countries," Journal of Economics and Business, Elsevier, vol. 103(C), pages 13-24.
    96. Inessa Love, 2003. "Financial Development and Financing Constraints: International Evidence from the Structural Investment Model," The Review of Financial Studies, Society for Financial Studies, vol. 16(3), pages 765-791, July.
    97. Branimir Jovanovic & Egzona Hani & Ljupka Georgievska, 2017. "Post-crisis credit slowdown in South-East Europe: return to normality?," Empirica, Springer;Austrian Institute for Economic Research;Austrian Economic Association, vol. 44(4), pages 733-780, November.
    98. Ali, Hakim & Masih, Mansur, 2017. "Granger-causality between islamic finance and growth: evidence from Malaysia," MPRA Paper 106112, University Library of Munich, Germany.
    99. Rosa Capolupo, "undated". "The New Growth Theoris and their Empirics," Working Papers 2005_4, Business School - Economics, University of Glasgow.
    100. Levine, Ross, 2005. "Finance and Growth: Theory and Evidence," Handbook of Economic Growth, in: Philippe Aghion & Steven Durlauf (ed.), Handbook of Economic Growth, edition 1, volume 1, chapter 12, pages 865-934, Elsevier.
    101. Yaya Keho, 2010. "Effect of Financial Development on Economic Growth: Does Inflation Matter? Time Series Evidence from the UEMOA Countries," International Economic Journal, Taylor & Francis Journals, vol. 24(3), pages 343-355.
    102. Stavros Degiannakis, 2022. "Stock market as a nowcasting indicator for real investment," Journal of Forecasting, John Wiley & Sons, Ltd., vol. 41(5), pages 911-919, August.
    103. Stephen Haber & Enrico Perotti, 2008. "The Political Economy of Financial Systems," Tinbergen Institute Discussion Papers 08-045/2, Tinbergen Institute.
    104. Cheng, Su-Yin, 2012. "Substitution or complementary effects between banking and stock markets: Evidence from financial openness in Taiwan," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 22(3), pages 508-520.
    105. Peter L. Rousseau & Hakan Yilmazkuday, 2009. "Inflation, Finance, and Growth: A Trilateral Analysis," Vanderbilt University Department of Economics Working Papers 0916, Vanderbilt University Department of Economics.
    106. Isabel Sainz-Fernandez & Begoña Torre-Olmo & Carlos López-Gutiérrez & Sergio Sanfilippo-Azofra, 2018. "Development of the Financial Sector and Growth of Microfinance Institutions: The Moderating Effect of Economic Growth," Sustainability, MDPI, vol. 10(11), pages 1-16, October.
    107. Matthew J. Higgins & Daniel Levy & Andrew T. Young, 2006. "Growth and Convergence across the United States: Evidence from County-Level Data," The Review of Economics and Statistics, MIT Press, vol. 88(4), pages 671-681, November.
    108. Piotr Wiesiolek & Dobieslaw Tymoczko, 2015. "The evolution of banking sectors in Central and Eastern Europe - the case of Pola," BIS Papers chapters, in: Bank for International Settlements (ed.), What do new forms of finance mean for EM central banks?, volume 83, pages 313-324, Bank for International Settlements.
    109. Beck, Thorsten & Demirguc-Kunt, Asli & Levine, Ross, 2001. "Law, politics, and finance," Policy Research Working Paper Series 2585, The World Bank.
    110. António Afonso & Raquel Ferreira & Edmund Freitas & Celso Nóbrega & José Pinheiro, 2003. "Intermediaries, Financial Markets and Growth: Some more International Evidence," Working Papers Department of Economics 2003/02, ISEG - Lisbon School of Economics and Management, Department of Economics, Universidade de Lisboa.
    111. Jalil, Abdul, 2012. "Modeling income inequality and openness in the framework of Kuznets curve: New evidence from China," Economic Modelling, Elsevier, vol. 29(2), pages 309-315.
    112. Bm, Hakim & Uddin, Md Akther, 2016. "Does Islamic bank financing lead to economic growth: An empirical analysis for Malaysia," MPRA Paper 69075, University Library of Munich, Germany.
    113. Atilla Odabasi, 2003. "An Investigation of Beta Instability in the Istanbul Stock Exchange," Istanbul Stock Exchange Review, Research and Business Development Department, Borsa Istanbul, vol. 6(24), pages 15-32.
    114. Papaioannou, Elias, 2007. "Finance and growth: a macroeconomic assessment of the evidence from a European angle," Working Paper Series 787, European Central Bank.
    115. C. Barra, 2014. "Local financial development and economic growth: an outlook on italian territorial data," Rivista economica del Mezzogiorno, Società editrice il Mulino, issue 1-2, pages 187-216.
    116. Beck,Thorsten & Levine,Ross Eric & Loayza,Norman V., 1999. "Finance and the sources of growth," Policy Research Working Paper Series 2057, The World Bank.
    117. Schmiedel, Heiko & Hasan, Iftekhar & De Renzis, Tania, 2013. "Retail payments and the real economy," Working Paper Series 1572, European Central Bank.
    118. Cristina UNGUR, 2017. "Socio-Economic Valences Of Insurance," Contemporary Economy Journal, Constantin Brancoveanu University, vol. 2(2), pages 112-118.
    119. De la Torre, Augusto & Schmukler, Sergio, 2007. "Emerging Capital Markets and Globalization: The Latin American Experience," IDB Publications (Books), Inter-American Development Bank, number 349, November.
    120. Eggoh, Jude C. & Villieu, Patrick, 2014. "A simple endogenous growth model of financial intermediation with multiplicity and indeterminacy," Economic Modelling, Elsevier, vol. 38(C), pages 357-366.
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    122. Ayadi, Rym & Arbak, Emrah & Ben-Naceur, Sami & De Groen, Willem Pieter, 2013. "Financial Development, Bank Efficiency and Economic Growth across the Mediterranean," CEPS Papers 7832, Centre for European Policy Studies.
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    124. Puşcaşu Ela-Andrada, 2022. "The impact of financial systems on economic growth in European Union member countries," Proceedings of the International Conference on Business Excellence, Sciendo, vol. 16(1), pages 722-731, August.
    125. Guglielmo Maria Caporale & Stefano Di Colli & Roberto Di Salvo & Juan Sergio Lopez, 2016. "Local banking and local economic growth in Italy: some panel evidence," Applied Economics, Taylor & Francis Journals, vol. 48(28), pages 2665-2674, June.
    126. Ahlin, Christian & Pang, Jiaren, 2008. "Are financial development and corruption control substitutes in promoting growth?," Journal of Development Economics, Elsevier, vol. 86(2), pages 414-433, June.
    127. Peter Lawrence, 2006. "Finance and development: why should causation matter?," Journal of International Development, John Wiley & Sons, Ltd., vol. 18(7), pages 997-1016.
    128. Bordo, Michael D. & Rousseau, Peter L., 2006. "Legal-political factors and the historical evolution of the finance-growth link," European Review of Economic History, Cambridge University Press, vol. 10(3), pages 421-444, December.
    129. Peter L. Rousseau & Paul Wachtel, 2017. "Episodes of financial deepening: credit booms or growth generators?," Vanderbilt University Department of Economics Working Papers 17-00009, Vanderbilt University Department of Economics.
    130. Najia Saqib, 2016. "Banking sector liberalization and economic growth: case study of Pakistan," Journal of Business Economics and Management, Taylor & Francis Journals, vol. 17(1), pages 125-139, February.
    131. Cotter, Christopher & Rousseau, Peter L. & Vu, Nam T., 2021. "Electrification, telecommunications, and the finance-growth nexus: Evidence from firm-level data," Energy Economics, Elsevier, vol. 94(C).
    132. Mondher bellalah & SYED ALAMDAR ALI & Omar Masood, 2013. "Sensitivity Analysis of Domestic Credit to Private Sector in Pakistan: A Variable Replacement Approach Application with Con-integration," THEMA Working Papers 2013-17, THEMA (THéorie Economique, Modélisation et Applications), Université de Cergy-Pontoise.
    133. Llussá, Fernanda, 2009. "Financial Development, Gender and Entrepreneurship," MPRA Paper 26228, University Library of Munich, Germany.
    134. Odhiambo, Nicholas M & Nyasha, Sheilla, 2019. "Financial development and economic growth in Uganda: A multivariate causal linkage," Working Papers 25711, University of South Africa, Department of Economics.
    135. Peter L. Rousseau, 2003. "Historical perspectives on financial development and economic growth," Review, Federal Reserve Bank of St. Louis, vol. 85(Jul), pages 81-106.
    136. Sang Youl Kim & Sang-Bum Park, 2019. "An Empirical Study on Determinants of Business Performance of Korean Non-life Insurance Companies (Focused on ROA)," International Journal of Economics and Finance, Canadian Center of Science and Education, vol. 11(10), pages 118-129, October.
    137. Rousseau, Peter L., 1999. "Finance, investment, and growth in Meiji-era Japan," Japan and the World Economy, Elsevier, vol. 11(2), pages 185-198, April.
    138. Kar Muhsin & Peker Osman & Kaplan Muhittin, 2008. "Trade Liberalization, Financial Development and Economic Growth in The Long Term: The Case of Turkey," South East European Journal of Economics and Business, Sciendo, vol. 3(2), pages 25-38, November.
    139. Hannah, Leslie, 2015. "A global corporate census: publicly traded and close companies in 1910," LSE Research Online Documents on Economics 59414, London School of Economics and Political Science, LSE Library.
    140. Tuuli Koivu, 2002. "Do efficient banking sectors accelerate economic growth in transition countries?," Macroeconomics 0212013, University Library of Munich, Germany.
    141. Matthew Jaremski & Peter L. Rousseau, 2013. "Banks, Free Banks, And U.S. Economic Growth," Economic Inquiry, Western Economic Association International, vol. 51(2), pages 1603-1621, April.
    142. Santiago Carbó-Valverde & Francisco Rodríguez-Fernández & Gregory F. Udell, 2008. "Bank lending, financing constraints and SME investment," Working Paper Series WP-08-04, Federal Reserve Bank of Chicago.
    143. Garretsen, Harry & Lensink, Robert & Sterken, Elmer, 2000. "Development of stock markets, societal norms and legal institutions," CCSO Working Papers 200002, University of Groningen, CCSO Centre for Economic Research.
    144. Fredrik N. G. Andersson & Katarzyna Burzynska & Sonja Opper, 2016. "Lending for growth? A Granger causality analysis of China’s finance–growth nexus," Empirical Economics, Springer, vol. 51(3), pages 897-920, November.
    145. Alexandra D’Onofrio & Peter L. Rousseau, 2018. "Financial Development, Trade Openness and Growth in the First Wave of Globalization," Comparative Economic Studies, Palgrave Macmillan;Association for Comparative Economic Studies, vol. 60(1), pages 105-114, March.
    146. MUKHERJEE Abhijit & GHOSH Amlan, 2022. "Role Of Economic Factors In Property Liability Insurance Consumption: Empirically Examining The Indian Market," Studies in Business and Economics, Lucian Blaga University of Sibiu, Faculty of Economic Sciences, vol. 17(1), pages 112-129, April.
    147. Charles P. Himmelberg & R. Glenn Hubbard & Inessa Love, 2002. "Investment, protection, ownership, and the cost of capital," Working Paper Research 25, National Bank of Belgium.
    148. Prof. Dr. Hatice Dogukanli & Songül Kakilli Acaravci & Serkan Yilmaz Kandir, 2003. "Examining Systematic and Nonsystematic Risks of the ISE Financial Sector Companies," Istanbul Stock Exchange Review, Research and Business Development Department, Borsa Istanbul, vol. 6(24), pages 1-14.
    149. Trew, Alex, 2008. "Efficiency, depth and growth: Quantitative implications of finance and growth theory," Journal of Macroeconomics, Elsevier, vol. 30(4), pages 1550-1568, December.
    150. Shrutikeerti Kaushal & Amlan Ghosh, 2016. "Financial Institutions and Economic Growth: An Empirical Analysis of Indian Economy in the Post Liberalized Era," International Journal of Economics and Financial Issues, Econjournals, vol. 6(3), pages 1003-1013.
    151. Mérő, Katalin, 2003. "A gazdasági növekedés és a pénzügyi közvetítés mélysége [Economic growth and the depth of financial mediation]," Közgazdasági Szemle (Economic Review - monthly of the Hungarian Academy of Sciences), Közgazdasági Szemle Alapítvány (Economic Review Foundation), vol. 0(7), pages 590-607.
    152. Agapova, Anna & Vishwasrao, Sharmila, 2020. "Financial sector foreign aid and financial intermediation," International Review of Financial Analysis, Elsevier, vol. 72(C).
    153. Alberto BUCCI & Simone MARSIGLIO, 2016. "Financial Development and Economic Growth: Long Run Equilibrium and Transitional Dynamics," Departmental Working Papers 2016-16, Department of Economics, Management and Quantitative Methods at Università degli Studi di Milano.
    154. Antzoulatos, Angelos A. & Tsoumas, Chris, 2010. "Financial development and household portfolios - Evidence from Spain, the U.K. and the U.S," Journal of International Money and Finance, Elsevier, vol. 29(2), pages 300-314, March.
    155. Peter L. Rousseau & Richard Sylla, 2003. "Financial Systems, Economic Growth, and Globalization," NBER Chapters, in: Globalization in Historical Perspective, pages 373-416, National Bureau of Economic Research, Inc.
    156. Najia SAQIB, 2013. "Impact of Development and Efficiency of Financial Sector on Economic Growth: Empirical Evidence from Developing Countries," Journal of Knowledge Management, Economics and Information Technology, ScientificPapers.org, vol. 3(3), pages 1-9, June.
    157. Awdeh, Ali, 2012. "Banking Sector Development and Economic Growth in Lebanon," MPRA Paper 121135, University Library of Munich, Germany.
    158. Mandiefe, Piabuo Serge, 2015. "The impact of financial sector development on economic growth: analysis of the financial development gap between Cameroon and South Africa," MPRA Paper 64694, University Library of Munich, Germany.
    159. Sanjaya Kumar LENKA, 2015. "Does Financial Development Influence Economic Growth in India?," Theoretical and Applied Economics, Asociatia Generala a Economistilor din Romania / Editura Economica, vol. 0(4(605), W), pages 159-170, Winter.
    160. Rousseau, Peter L., 1998. "The permanent effects of innovation on financial depth:: Theory and US historical evidence from unobservable components models," Journal of Monetary Economics, Elsevier, vol. 42(2), pages 387-425, July.
    161. Jeremy Atack & Peter L. Rousseau, 1997. "Business Activity and the Boston Stock Market, 1835-1869," NBER Historical Working Papers 0103, National Bureau of Economic Research, Inc.
    162. Himmelberg, Charles P. & Hubbard, R. Glenn & Love, Inessa, 2002. "Investor protection, ownership, and the cost of capital," Policy Research Working Paper Series 2834, The World Bank.
    163. Cândida Ferreira, 2021. "Panel Granger causality between financial development and economic growth," Working Papers REM 2021/0179, ISEG - Lisbon School of Economics and Management, REM, Universidade de Lisboa.
    164. Paola Rossi & Diego Scalise, 2022. "Financial development and growth in European regions," Journal of Regional Science, Wiley Blackwell, vol. 62(2), pages 389-411, March.
    165. Adeola Yahya Oyebowale & Noah Kofi Karley, 2018. "Investigating Finance-Growth Nexus: Further Evidence from Nigeria," International Journal of Economics and Finance, Canadian Center of Science and Education, vol. 10(9), pages 121-121, September.
    166. Rui Mao, 2016. "Industry Clustering and Financial Constraints: A Reinterpretation Based on Fixed Asset Liquidation," Economic Development and Cultural Change, University of Chicago Press, vol. 64(4), pages 795-821.
    167. Beck, Thorsten & Levine, Ross, 2004. "Stock markets, banks, and growth: Panel evidence," Journal of Banking & Finance, Elsevier, vol. 28(3), pages 423-442, March.
    168. Xuan Vinh Vo & Huu Huan Nguyen & Khanh Duy Pham, 2016. "Financial structure and economic growth: the case of Vietnam," Eurasian Business Review, Springer;Eurasia Business and Economics Society, vol. 6(2), pages 141-154, August.
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    170. Eduardo Walker & Fernando Lefort, 2002. "Pension Reform And Capital Markets: Are There Any (Hard) Links?," Abante, Escuela de Administracion. Pontificia Universidad Católica de Chile., vol. 5(2), pages 77-149.
    171. Chu, Kam Hon, 2010. "Bank mergers, branch networks and economic growth: Theory and evidence from Canada, 1889-1926," Journal of Macroeconomics, Elsevier, vol. 32(1), pages 265-283, March.
    172. Ismail Senturk & Fiaz Ahmad Sulehri & Syeda Mehak Ali, 2022. "Financial Development and Innovation Led-Growth: A Case of Selected Developing Countries," Journal of Policy Research (JPR), Research Foundation for Humanity (RFH), vol. 8(3), pages 81-97, September.
    173. Nogues-Marco, Pilar & Herranz-Loncán, Alfonso & Aslanidis, Nektarios, 2019. "The Making of a National Currency: Spatial Transaction Costs and Money Market Integration in Spain (1825–1874)," The Journal of Economic History, Cambridge University Press, vol. 79(4), pages 1094-1128, December.
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    179. Andrea Incerpi & Barbara Pistoresi & Alberto Rinaldi, 2020. "Finance and Economic Development in Italy, 1870-1913," Department of Economics 0162, University of Modena and Reggio E., Faculty of Economics "Marco Biagi".
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    206. Soultanaeva, Albina, 2010. "Financial Intermediation and Economic Growth: Evidence from the Baltic countries," Umeå Economic Studies 817, Umeå University, Department of Economics.
    207. Georgios Chortareas & Georgios Magkonis & Demetrios Moschos & Theodore Panagiotidis, 2015. "Financial Development and Economic Activity in Advanced and Developing Open Economies: Evidence from Panel Cointegration," Review of Development Economics, Wiley Blackwell, vol. 19(1), pages 163-177, February.
    208. Santiago Carbó‐Valverde & Francisco Rodríguez‐Fernández & Gregory F. Udell, 2016. "Trade Credit, the Financial Crisis, and SME Access to Finance," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 48(1), pages 113-143, February.
    209. Nada Kobeissi, 2004. "Ownership Structure and Bank Performance: Evidence from the Middle East and North Africa," Working Papers 0413, Economic Research Forum, revised 06 Mar 2004.
    210. Edoardo Gaffeo & Petya Garalova, 2014. "On the finance-growth nexus: additional evidence from Central and Eastern Europe countries," Economic Change and Restructuring, Springer, vol. 47(2), pages 89-115, May.
    211. Satyananda Sahoo, 2014. "Financial Intermediation and Growth: Bank-Based versus Market-Based Systems," Margin: The Journal of Applied Economic Research, National Council of Applied Economic Research, vol. 8(2), pages 93-114, May.
    212. Turgut Türsoy & Faisal Faisal, 2018. "Does financial depth impact economic growth in North Cyprus?," Financial Innovation, Springer;Southwestern University of Finance and Economics, vol. 4(1), pages 1-13, December.
    213. Alessandra Dal Colle, 2011. "Finance–growth nexus: does causality withstand financial liberalization? Evidence from cointegrated VAR," Empirical Economics, Springer, vol. 41(1), pages 127-154, August.
    214. Franz R. Hahn, 2003. "Aktienmarkt und Konjunkturschwankungen. Gibt es einen Zusammenhang in den OECD-Ländern?," WIFO Monatsberichte (monthly reports), WIFO, vol. 76(8), pages 643-654, August.
    215. Rousseau, Peter L. & D’Onofrio, Alexandra, 2013. "Monetization, Financial Development, and Growth: Time Series Evidence from 22 Countries in Sub-Saharan Africa," World Development, Elsevier, vol. 51(C), pages 132-153.
    216. Souad Hammami & Mounir Smida, 2022. "What Is The Role Of The Banking Sector In Economic Growth? Case of Tunisian Banks," Post-Print hal-04745604, HAL.
    217. Pradhan, Rudra P. & Arvin, Mak B. & Hall, John H. & Bahmani, Sahar, 2014. "Causal nexus between economic growth, banking sector development, stock market development, and other macroeconomic variables: The case of ASEAN countries," Review of Financial Economics, Elsevier, vol. 23(4), pages 155-173.
    218. Ali Gulzar, 2020. "Financial Sector Reforms and its Impact on Economy of Pakistan," Asian Journal of Law and Economics, De Gruyter, vol. 11(2), pages 1-18, August.
    219. Peter Haiss & Kjell Sümegi, 2008. "The relationship between insurance and economic growth in Europe: a theoretical and empirical analysis," Empirica, Springer;Austrian Institute for Economic Research;Austrian Economic Association, vol. 35(4), pages 405-431, September.
    220. Piyadasa Edirisuriya, 2017. "Financial Deepening, Economic Growth and Corruption: The Case of Islamic Banking," Review of Economics & Finance, Better Advances Press, Canada, vol. 8, pages 1-16, May.
    221. Christie Dike, 2016. "Stock Market Efficiency Promotes Economic Development: Empirical Evidence from Africa," International Journal of Economics and Financial Issues, Econjournals, vol. 6(3), pages 1287-1298.
    222. Wu, Jyh-Lin & Hou, Han & Cheng, Su-Yin, 2010. "The dynamic impacts of financial institutions on economic growth: Evidence from the European Union," Journal of Macroeconomics, Elsevier, vol. 32(3), pages 879-891, September.
    223. Shravani Sharma & Supran Kumar Sharma, 2019. "Evidence on Relationship Between Economic Growth and Financial Development of Selected Northern Indian States: Using Panel VEC Approach," Journal of Quantitative Economics, Springer;The Indian Econometric Society (TIES), vol. 17(4), pages 869-884, December.
    224. Andrea Incerpi & Barbara Pistoresi & Alberto Rinaldi, 2020. "Finance and Development in Italy, 1870-1913," International Journal of Economics and Finance, Canadian Center of Science and Education, vol. 12(9), pages 1-95, September.
    225. Paul Wachtel, 2011. "The Evolution of the Finance Growth Nexus," Comparative Economic Studies, Palgrave Macmillan;Association for Comparative Economic Studies, vol. 53(3), pages 475-488, September.
    226. Anders Olofsgård & Paul Wachtel & Charles M. Becker, 2018. "The economics of transition literature," The Economics of Transition, The European Bank for Reconstruction and Development, vol. 26(4), pages 827-840, October.
    227. Varga, József & Temuulen, Elbegdorj & Bareith, Tibor, 2019. "An Empirical Analysis of the Relationship between Economic Growth and Credit Volumes in Hungary," Public Finance Quarterly, Corvinus University of Budapest, vol. 64(4), pages 455-470.
    228. Akinsola, Folusu A. & Odhiambo, Nicholas M., 2018. "Revisiting financial liberalisation and economic growth: A review of international literature," Working Papers 24794, University of South Africa, Department of Economics.
    229. Zhe Fu & Dan Xi & Jia Xu, 2021. "Bank Competition, Financial Development, And Income Inequality," Contemporary Economic Policy, Western Economic Association International, vol. 39(1), pages 42-58, January.
    230. Adelaja, Adesoji O. & Hailu, Yohannes G. & Abdulla, Majd, 2009. "New Economy Growth Decomposition in the U.S," 2009 Annual Meeting, July 26-28, 2009, Milwaukee, Wisconsin 49579, Agricultural and Applied Economics Association.
    231. Saša Obradović & Milka Grbić, 2015. "Causality Relationship between Financial Intermediation by Banks and Economic Growth: Evidence from Serbia," Prague Economic Papers, Prague University of Economics and Business, vol. 2015(1), pages 60-72.
    232. Tamara Vovchak, 2017. "Bank Credit, Liquidity Shocks and Firm Performance: Evidence from the Financial Crisis of 2007-2009," CERGE-EI Working Papers wp584, The Center for Economic Research and Graduate Education - Economics Institute, Prague.
    233. Burhop, Carsten, 2006. "Did banks cause the German industrialization?," Explorations in Economic History, Elsevier, vol. 43(1), pages 39-63, January.
    234. Chang, Philip C. & Jia, Chunxin & Wang, Zhicheng, 2010. "Bank fund reallocation and economic growth: Evidence from China," Journal of Banking & Finance, Elsevier, vol. 34(11), pages 2753-2766, November.
    235. Lee, Bong-Soo, 2012. "Bank-based and market-based financial systems: Time-series evidence," Pacific-Basin Finance Journal, Elsevier, vol. 20(2), pages 173-197.
    236. Paul Wachtel & Peter L. Rousseau, 2000. "Inflation, Financial Development and Growth," Working Papers 00-10, New York University, Leonard N. Stern School of Business, Department of Economics.
    237. Ansari, M. I. & Ahmed, S. M., 2007. "Does money matter? Evidence from vector error-correction for Mexico," Journal of Developing Areas, Tennessee State University, College of Business, vol. 41(1), pages 185-202, September.
    238. Samargandi, Nahla & Kutan, Ali M., 2016. "Private credit spillovers and economic growth: Evidence from BRICS countries," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 44(C), pages 56-84.
    239. Felix Eschenbach, 2004. "Finance and Growth: A Survey of the Theoretical and Empirical Literature," Tinbergen Institute Discussion Papers 04-039/2, Tinbergen Institute.
    240. Sinha, Dipendra & Macri, Joseph, 2001. "Financial development and economic growth: The case of eight Asian countries," MPRA Paper 18297, University Library of Munich, Germany.
    241. Sarkar, Prabirjit, 2011. "Does finance matter for growth? what the data show," MPRA Paper 32937, University Library of Munich, Germany.
    242. ABOUDOU Maman Tachiwou, 2009. "Causality tests between stock market development and economic growth in West African Monetary Union," Economia. Seria Management, Faculty of Management, Academy of Economic Studies, Bucharest, Romania, vol. 12(2), pages 14-27, December.
    243. Ansari, Mohammed I., 2004. "Sustainability of the US current account deficit: An econometric analysis of the impact of capital inflow on domestic economy," Journal of Applied Economics, Universidad del CEMA, vol. 7(2), pages 1-21, November.
    244. Trunin, Pavel (Трунин, Павел), 2015. "Analysis of the Level of Development of the Financial System in the Russian Federation [Анализ Уровня Развития Финансовой Системы В Российской Федерации]," Published Papers mn38, Russian Presidential Academy of National Economy and Public Administration.
    245. Hasan, Iftekhar & De Renzis, Tania & Schmiedel, Heiko, 2012. "Retail payments and economic growth," Bank of Finland Research Discussion Papers 19/2012, Bank of Finland.
    246. Rousseau, Peter L. & Vuthipadadorn, Dadanee, 2005. "Finance, investment, and growth: Time series evidence from 10 Asian economies," Journal of Macroeconomics, Elsevier, vol. 27(1), pages 87-106, March.
    247. Rosa Capolupo & Giuseppe Celi, 2004. "Il finanziamento dello sviluppo: Teorie ed evidenza empirica," SERIES 0009, Dipartimento di Economia e Finanza - Università degli Studi di Bari "Aldo Moro", revised Sep 2004.
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    249. Léonce Ndikumana, 2001. "Financial Markets and Economic Development in Africa," Working Papers wp17, Political Economy Research Institute, University of Massachusetts at Amherst.
    250. İsmail Durak & Ergün Eroğlu, 2019. "The Nexus of Economic Growth, Trade Openness and Banking Sector Depth In OIC: An Application of Panel Data Analysis," Alphanumeric Journal, Bahadir Fatih Yildirim, vol. 7(2), pages 205-238, December.
    251. Polat, Ali & Shahbaz, Muhammad & Ur Rehman, Ijaz & Satti, Saqlain Latif, 2013. "Revisiting Linkages between Financial Development, Trade Openness and Economic Growth in South Africa: Fresh Evidence from Combined Cointegration Test," MPRA Paper 51724, University Library of Munich, Germany, revised 25 Nov 2013.

  49. Rousseau, Peter L., 1998. "The permanent effects of innovation on financial depth:: Theory and US historical evidence from unobservable components models," Journal of Monetary Economics, Elsevier, vol. 42(2), pages 387-425, July.

    Cited by:

    1. Jeremy Greenwood & Juan M. Sanchez & Cheng Wang, 2009. "Financing development : the role of information costs," Working Paper 08-08, Federal Reserve Bank of Richmond.
    2. Mary Eschelbach Hansen, 2014. "Sources of Credit and the Extent of the Credit Market: A View from Bankruptcy Records, Mississippi 1929-1936," Working Papers 2014-09, American University, Department of Economics.
    3. Bell, Clive & Rousseau, Peter L., 2001. "Post-independence India: a case of finance-led industrialization?," Journal of Development Economics, Elsevier, vol. 65(1), pages 153-175, June.
    4. Rousseau, P. L. & Wachtel, P., 2000. "Equity markets and growth: Cross-country evidence on timing and outcomes, 1980-1995," Journal of Banking & Finance, Elsevier, vol. 24(12), pages 1933-1957, December.
    5. Senra Hodelin, Reynaldo, 2022. "Public banking and economic growth: The experiences of 10 countries since the 1950s until 2017," Economic Systems, Elsevier, vol. 46(1).
    6. Rousseau, Peter L., 2011. "The Market for Bank Stocks and the Rise of Deposit Banking in New York City, 1866–1897," The Journal of Economic History, Cambridge University Press, vol. 71(4), pages 976-1005, December.
    7. James Ang, 2008. "Finance And Inequality: The Case Of India," Monash Economics Working Papers 08/08, Monash University, Department of Economics.
    8. Peter L. Rousseau, 1999. "Share Liquidity and Industrial Growth in an Emerging Market: The Case of New England, 1854-1897," NBER Historical Working Papers 0117, National Bureau of Economic Research, Inc.
    9. Kul B. Luintel & George Mavrotas, 2005. "Examining Private Investment Heterogeneity: Evidence from a Dynamic Panel," WIDER Working Paper Series DP2005-11, World Institute for Development Economic Research (UNU-WIDER).
    10. Lauretta, Eliana, 2018. "The hidden soul of financial innovation: An agent-based modelling of home mortgage securitization and the finance-growth nexus," Economic Modelling, Elsevier, vol. 68(C), pages 51-73.
    11. Ari Hyytinen & Otto Toivanen, 2000. "Monitoring and Market Power in Credit Markets," Econometric Society World Congress 2000 Contributed Papers 1879, Econometric Society.
    12. Hasan, Iftekhar & Horvath, Roman & Mares, Jan, 2015. "What type of finance matters for growth? Bayesian model averaging evidence," Bank of Finland Research Discussion Papers 17/2015, Bank of Finland.
    13. Nicholas Apergis & Ioannis Filippidis & Claire Economidou, 2007. "Financial Deepening and Economic Growth Linkages: A Panel Data Analysis," Review of World Economics (Weltwirtschaftliches Archiv), Springer;Institut für Weltwirtschaft (Kiel Institute for the World Economy), vol. 143(1), pages 179-198, April.
    14. Rousseau, Peter L. & Sylla, Richard, 2005. "Emerging financial markets and early US growth," Explorations in Economic History, Elsevier, vol. 42(1), pages 1-26, January.
    15. Alex Trew, 2010. "Infrastructure Finance and Industrial Takeoff in England," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 42(6), pages 985-1010, September.
    16. Panicos O. Demetriades & Johan M. Rewilak & Peter L. Rousseau, 2024. "Finance, Growth, and Fragility," Journal of Financial Services Research, Springer;Western Finance Association, vol. 66(1), pages 29-49, August.
    17. Matthew Jaremski & Peter L. Rousseau, 2015. "The Dawn of an ‘Age of Deposits’ in the United States," NBER Working Papers 21503, National Bureau of Economic Research, Inc.
    18. Rousseau, Peter L., 1999. "Finance, investment, and growth in Meiji-era Japan," Japan and the World Economy, Elsevier, vol. 11(2), pages 185-198, April.
    19. Subal C. Kumbhakar & George Mavrotas, 2005. "Financial Sector Development and Productivity Growth," WIDER Working Paper Series RP2005-68, World Institute for Development Economic Research (UNU-WIDER).
    20. Trew, Alex, 2008. "Efficiency, depth and growth: Quantitative implications of finance and growth theory," Journal of Macroeconomics, Elsevier, vol. 30(4), pages 1550-1568, December.
    21. Peter L. Rousseau & Richard Sylla, 2003. "Financial Systems, Economic Growth, and Globalization," NBER Chapters, in: Globalization in Historical Perspective, pages 373-416, National Bureau of Economic Research, Inc.
    22. Jeremy Atack & Peter L. Rousseau, 1997. "Business Activity and the Boston Stock Market, 1835-1869," NBER Historical Working Papers 0103, National Bureau of Economic Research, Inc.
    23. Beck, Thorsten & Levine, Ross, 2004. "Stock markets, banks, and growth: Panel evidence," Journal of Banking & Finance, Elsevier, vol. 28(3), pages 423-442, March.
    24. Hyytinen, Ari & Toivanen, Otto, 2000. "Monitoring and market power in loan markets," Bank of Finland Research Discussion Papers 9/2000, Bank of Finland.
    25. Trew, Alex, 2010. "Finance and Balanced Growth," SIRE Discussion Papers 2010-61, Scottish Institute for Research in Economics (SIRE).
    26. Kim Huynh & Robert Petrunia & Joel Rodrigue & Walter Steingress, 2023. "Exporting and Investment Under Credit Constraints," Staff Working Papers 23-10, Bank of Canada.
    27. Fohlin, Caroline, 1999. "Universal Banking in Pre-World War I Germany: Model or Myth?," Explorations in Economic History, Elsevier, vol. 36(4), pages 305-343, October.
    28. Trunin, Pavel (Трунин, Павел), 2015. "Analysis of the Level of Development of the Financial System in the Russian Federation [Анализ Уровня Развития Финансовой Системы В Российской Федерации]," Published Papers mn38, Russian Presidential Academy of National Economy and Public Administration.

Chapters

  1. Jeremy Atack & Matthew S. Jaremski & Peter L. Rousseau, 2014. "Did Railroads Make Antebellum U.S. Banks More Sound?," NBER Chapters, in: Enterprising America: Businesses, Banks, and Credit Markets in Historical Perspective, pages 149-178, National Bureau of Economic Research, Inc.
    See citations under working paper version above.
  2. Peter L. Rousseau, 2010. "Monetary Policy and the Dollar," NBER Chapters, in: Founding Choices: American Economic Policy in the 1790s, pages 121-149, National Bureau of Economic Research, Inc.
    See citations under working paper version above.
  3. Jovanovic, Boyan & Rousseau, Peter L., 2005. "General Purpose Technologies," Handbook of Economic Growth, in: Philippe Aghion & Steven Durlauf (ed.), Handbook of Economic Growth, edition 1, volume 1, chapter 18, pages 1181-1224, Elsevier.
    See citations under working paper version above.
  4. Peter L. Rousseau & Richard Sylla, 2003. "Financial Systems, Economic Growth, and Globalization," NBER Chapters, in: Globalization in Historical Perspective, pages 373-416, National Bureau of Economic Research, Inc.
    See citations under working paper version above.Sorry, no citations of chapters recorded.

Books

  1. Rousseau,Peter L. & Wachtel,Paul (ed.), 2017. "Financial Systems and Economic Growth," Cambridge Books, Cambridge University Press, number 9781107141094, November.

    Cited by:

    1. Paul Wachtel, 2017. "Credit Deepening: Precursor to growth or crisis?," Working Papers 17-04, New York University, Leonard N. Stern School of Business, Department of Economics.
    2. Bjorn Richter & Moritz Schularick & Paul Wachtel, 2018. "When to Lean Against the Wind," Working Papers 18-10, New York University, Leonard N. Stern School of Business, Department of Economics.
    3. Emmanuel Carré & Guillaume L'Oeillet, 2018. "The Literature on the Finance–Growth Nexus in the Aftermath of the Financial Crisis: A Review," Post-Print halshs-01746069, HAL.
    4. Emmanuel Carré & Guillaume L'Oeillet, 2017. "Une revue de la littérature récente sur le nexus finance-croissance après la crise : apports, limites et pistes de recherche," Post-Print halshs-01683732, HAL.
    5. Mittal, Amit & Garg, Ajay Kumar, 2018. "Bank stocks inform higher growth – A System GMM analysis of ten emerging markets in Asia," MPRA Paper 98253, University Library of Munich, Germany.
    6. Anastasios Evgenidis & Anastasios G. Malliaris, 2022. "Monetary policy, financial shocks and economic activity," Review of Quantitative Finance and Accounting, Springer, vol. 59(2), pages 429-456, August.
    7. Agne Setikiene & Mindaugas Butkus, 2021. "The Heterogeneous Impact of Financialisation on Economic Growth in the Long Run," JRFM, MDPI, vol. 14(5), pages 1-30, May.

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