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来源类型 | Working Paper |
规范类型 | 报告 |
DOI | 10.3386/w15893 |
来源ID | Working Paper 15893 |
Quantifying the Impact of Financial Development on Economic Development | |
Jeremy Greenwood; Juan M. Sanchez; Cheng Wang | |
发表日期 | 2010-04-08 |
出版年 | 2010 |
语种 | 英语 |
摘要 | How important is financial development for economic development? A costly state verification model of financial intermediation is presented to address this question. The model is calibrated to match facts about the U.S. economy, such as intermediation spreads and the firm-size distribution for the years 1974 and 2004. It is then used to study the international data, using cross-country interest-rate spreads and per-capita GDP. The analysis suggests a country like Uganda could increase its output by 140 to 180% if it could adopt the world's best practice in the financial sector. Still, this amounts to only 34 to 40% of the gap between Uganda's potential and actual output. |
主题 | Macroeconomics ; Macroeconomic Models ; Development and Growth ; Development ; Growth and Productivity |
URL | https://www.nber.org/papers/w15893 |
来源智库 | National Bureau of Economic Research (United States) |
引用统计 | |
资源类型 | 智库出版物 |
条目标识符 | http://119.78.100.153/handle/2XGU8XDN/573568 |
推荐引用方式 GB/T 7714 | Jeremy Greenwood,Juan M. Sanchez,Cheng Wang. Quantifying the Impact of Financial Development on Economic Development. 2010. |
条目包含的文件 | ||||||
文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
w15893.pdf(444KB) | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 |
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