Finance and Growth: A Critical Survey

Alex William Trew

    Research output: Contribution to journalArticlepeer-review

    38 Citations (Scopus)

    Abstract

    We present a survey of the finance-growth nexus that raises a number of qualifications to the standard interpretation. We investigate doubts regarding empirical consensus and we consider the prevalence of cross-section econometrics as dominant in shaping the present theoretical consensus. The core implications of many finance and growth theories are shown to be disconnected not only from their modern empirical counterparts, but also from the historical literature.

    Original languageEnglish
    Pages (from-to)481-490
    Number of pages10
    JournalEconomic Record
    Volume82
    Issue number259
    DOIs
    Publication statusPublished - Dec 2006

    Keywords

    • ENDOGENOUS GROWTH
    • ECONOMIC-GROWTH
    • INTERMEDIATION
    • MARKETS
    • MODEL

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