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Financial Markets, Specialization, and Learning by Doing

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Author Info
Cooley, T-F
Smith, B-D

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Abstract

This paper considers three questions : (1) what is the role of financial markets in development, (2) why do some economies have such poorly developed financial markets, and (3) can government policy be used to promote financial market development?

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Publisher Info
Paper provided by Rochester, Business - Quantitative Methods Working Paper Series in its series Papers with number 93-01.

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Length: 29 pages
Date of creation: 1993
Date of revision:
Handle: RePEc:fth:robuqm:93-01

Contact details of provider:
Postal: UNIVERSITY OF ROCHESTER, WILLIAM E. SIMON GRADUATE SCHOOL OF BUSINESS ADMINISTRATION, ROCHESTER NEW YORK 14627 U.S.A.
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Web page: http://www.simon.rochester.edu/
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Related research
Keywords: FINANCIAL MARKET ; LEARNING ; ECONOMIC DEVELOPMENT;

Other versions of this item:

Find related papers by JEL classification:
G18 - Financial Economics - - General Financial Markets - - - Government Policy and Regulation
G10 - Financial Economics - - General Financial Markets - - - General (includes Measurement and Data)
O16 - Economic Development, Technological Change, and Growth - - Economic Development - - - Financial Markets; Saving and Capital Investment

Cited by:
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  1. Keith Blackburn & Niloy Bose & Salvatore Capasso, 2003. "Financial Development, Financing Choice and Economic Growth," CSEF Working Papers 96, Centre for Studies in Economics and Finance (CSEF), University of Naples, Italy. [Downloadable!]
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  2. Maurice Obstfeld, 1992. "Risk-taking, global diversification, and growth," Discussion Paper / Institute for Empirical Macroeconomics 61, Federal Reserve Bank of Minneapolis. [Downloadable!]
    Other versions:
  3. Fernando Perera Tallo, 2003. "Technological Progress, Slow Growing Economies and Polarization," Centro de Alti­simos Estudios Ri­os Pe©rez(CAERP) 11, Centro de Altisimos Estudios Rios Perez (CAERP). [Downloadable!]
  4. Riccardo Lucchetti & Luca Papi & Alberto Zazzaro, 2000. "Banks' inefficiency and economic growth: a micro-macro approach," Heterogeneity and monetary policy 0004, Universita di Modena e Reggio Emilia, Dipartimento di Economia Politica. [Downloadable!]
    Other versions:
  5. Fernando Perera Tallo, 2003. "Government Expenditure in Enforcing the Law, Financial Intermediation and Development," Centro de Alti­simos Estudios Ri­os Pe©rez(CAERP) 10, Centro de Altisimos Estudios Rios Perez (CAERP). [Downloadable!]
  6. Baochun Peng, 2000. "How Well Does the Market Allocate Entrepreneurs?," CRIEFF Discussion Papers 0025, Centre for Research into Industry, Enterprise, Finance and the Firm. [Downloadable!]
  7. Andrea Schertler, 2002. "Path Dependencies in Venture Capital Markets," Kiel Working Papers 1120, Kiel Institute for the World Economy. [Downloadable!]
  8. Carolyn Sissoko, 2002. "Short-Term Credit: A Monetary Channel Linking Finance to Growth," Occidental Economics Working Papers 8, Occidental College, Department of Economics, revised Jun 2006. [Downloadable!]
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