Gateway to Think Tanks
来源类型 | Working Paper |
规范类型 | 报告 |
DOI | 10.3386/w10983 |
来源ID | Working Paper 10983 |
Finance, Firm Size, and Growth | |
Thorsten Beck; Asli Demirguc-Kunt; Luc Laeven; Ross Levine | |
发表日期 | 2004-12-13 |
出版年 | 2004 |
语种 | 英语 |
摘要 | This paper examines whether financial development boosts the growth of small firms more than large firms and hence provides information on the mechanisms through which financial development fosters aggregate economic growth. We define an industry's technological firm size as the firm size implied by industry specific production technologies, including capital intensities and scale economies. Using cross-industry, cross-country data, the results indicate that financial development exerts a disproportionately large effect on the growth of industries that are technologically more dependent on small firms. This suggests that financial development accelerates economic growth by removing growth constraints on small firms and also implies that financial development has sectoral as well as aggregate growth ramifications. |
主题 | Financial Economics ; Financial Institutions ; Industrial Organization ; Market Structure and Firm Performance ; Firm Behavior ; Development and Growth ; Development |
URL | https://www.nber.org/papers/w10983 |
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/568617 |
推荐引用方式 GB/T 7714 | Thorsten Beck,Asli Demirguc-Kunt,Luc Laeven,et al. Finance, Firm Size, and Growth. 2004. |
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 | ||
w10983.pdf(224KB) | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 |
除非特别说明,本系统中所有内容都受版权保护,并保留所有权利。