Struttura finanziaria, divari regionali e crescita: il dibattito teorico e l'evidenza empirica R. Capolupo, G. Celi pp. 761-822 € 7 [pdf 187K] Abstract The relationship between financial development and economic growth has received enormous attention in the economic literature in the last decade. The widely-accepted finding is that "financial development" has a positive effect on growth at either aggregate or industry, or firm, levels. While the impact of "financial structure" on growth has received less support. This paper aims at providing an overview of the theoretical and empirical findings by pointing out that the finance-growth nexus has been present in the research agenda of Italian economists since the Seventies and it is still much alive. More specifically, the recent research agenda of Italian economists tries to explain how financial systems can shrink regional the growth differential by looking at new quality indices of bank efficiency and at spatial accessibility of financial funds. The paper elucidates what financial structure, banks or markets, is more conducive to economic growth. Keywords financial development, economic growth, stock market, banks Prima pagina articolo:

Struttura finanziaria, divari regionali e crescita economica: il dibattito teorico e l'evidenza empirica / CAPOLUPO R; CELI G. - In: RIVISTA ECONOMICA DEL MEZZOGIORNO. - ISSN 1120-9534. - XXII:n. 3-4(2008), pp. 761-821.

Struttura finanziaria, divari regionali e crescita economica: il dibattito teorico e l'evidenza empirica

CAPOLUPO, Rosa;
2008

Abstract

Struttura finanziaria, divari regionali e crescita: il dibattito teorico e l'evidenza empirica R. Capolupo, G. Celi pp. 761-822 € 7 [pdf 187K] Abstract The relationship between financial development and economic growth has received enormous attention in the economic literature in the last decade. The widely-accepted finding is that "financial development" has a positive effect on growth at either aggregate or industry, or firm, levels. While the impact of "financial structure" on growth has received less support. This paper aims at providing an overview of the theoretical and empirical findings by pointing out that the finance-growth nexus has been present in the research agenda of Italian economists since the Seventies and it is still much alive. More specifically, the recent research agenda of Italian economists tries to explain how financial systems can shrink regional the growth differential by looking at new quality indices of bank efficiency and at spatial accessibility of financial funds. The paper elucidates what financial structure, banks or markets, is more conducive to economic growth. Keywords financial development, economic growth, stock market, banks Prima pagina articolo:
File in questo prodotto:
Non ci sono file associati a questo prodotto.

I documenti in IRIS sono protetti da copyright e tutti i diritti sono riservati, salvo diversa indicazione.

Utilizza questo identificativo per citare o creare un link a questo documento: http://hdl.handle.net/11586/13983
 Attenzione

Attenzione! I dati visualizzati non sono stati sottoposti a validazione da parte dell'ateneo

Citazioni
  • ???jsp.display-item.citation.pmc??? ND
  • Scopus ND
  • ???jsp.display-item.citation.isi??? ND
social impact