Publication
Jul 2006
This paper discusses the finance-growth nexus offering regional evidence on the issue by analyzing data from the 140 year old economic union of Italy. By using both cross-section and panel data estimators, the author shows that finance leads growth without finding sizable endogeneity biases. She holds that economic growth appears to be favored by credit to private firms and more by short-term credit than by long-term credit.
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English (PDF, 37 pages, 160 KB) |
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Author | Andrea Vaona |
Series | Kiel Institute Working Papers |
Issue | 1285 |
Publisher | Kiel Institute for the World Economy |
Copyright | © 2006 Kiel Institute for the World Economy |