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Il finanziamento dello sviluppo: Teorie ed evidenza empirica

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Author Info
Rosa Capolupo () (Dipartimento di Scienze economiche - Università degli Studi di Bari)
Giuseppe Celi (Dipartimento di Scienze economiche - Università degli Studi di Bari)

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Abstract

The relationship between financial development and economic growth has received enormous attention in the economic literature of the last decade. The widely accepted consensus finding is that financial development has a positive effect on growth at either aggregate, or industry or firm levels. This paper aims at providing an overview of the theoretical and empirical findings. Specifically, we focus on the contribution of the Italian economists since the Seventies and point out how the finance-growth nexus was present in their research agenda. Their contributions are reviewed vis-Ã -vis the new researches trying eventually to elucidate what financial structure, banks or markets, is more conducive to the economic growth of Italian and European economies. We argue that the contribution of these Italian economists laid out already clear the main problems tackled by the recent mainstream literature.

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Paper provided by Dipartimento di Scienze Economiche - Università di Bari in its series series with number 0009.

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Handle: RePEc:bai:series:wp0009

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Related research
Keywords: financial development; economic growth;

Find related papers by JEL classification:
G00 - Financial Economics - - General - - - General
O4 - Economic Development, Technological Change, and Growth - - Economic Growth and Aggregate Productivity

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  16. Stiglitz, Joseph E, 1985. "Credit Markets and the Control of Capital," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 17(2), pages 133-52, May. [Downloadable!] (restricted)
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