This file is part of IDEAS , which uses RePEc data
[ Papers |
Articles |
Software |
Books |
Chapters |
Authors |
Institutions |
JEL Classification |
NEP reports |
Search |
New papers by email |
Author registration |
Rankings |
Volunteers |
FAQ |
Blog |
Help! ]
Financial Development and Growth in India: A Growing Tiger in a Cage? Author info | Abstract | Publisher info | Download info | Related research | Statistics Hiroko Oura
This paper examines the efficiency of the different segments of India's financial system using firm-level data on corporate financing patterns. Firms are increasingly relying on external funds to finance their investment in most recent years. Empirical analyses indicate that (1) the financial system in India is not channeling funds into industries with higher external finance dependence; (2) the debt financing system does not allocate funds according to firms' external finance dependence, while equity financing system does; and (3) firms in an industry that are more dependent on external finance grow more slowly.
To download:
If you experience problems downloading a file, check if you have the
proper application to
view it first. Information about this may be contained
in the File-Format links below. In case of further problems read
the IDEAS help
page . Note that these files are not on the IDEAS
site. Please be patient as the files may be large.
Paper provided by International Monetary Fund in its series IMF Working Papers with number
08/79.
Download reference. The following formats are available: HTML
(with abstract ),
plain text
(with abstract ),
BibTeX ,
RIS (EndNote, RefMan, ProCite),
ReDIF
Length: 30 pages
Date of creation: 28 Mar 2008Date of revision:
Handle: RePEc:imf:imfwpa:08/79Contact details of provider: Postal: International Monetary Fund, Washington, DC USA Phone: (202) 623-7000 Fax: (202) 623-4661 Email: Web page: http://www.imf.org/external/pubind.htm More information through EDIRC
Order Information: Web: http://www.imf.org/external/pubs/pubs/ord_info.htm
For technical questions regarding this item, or to correct its listing, contact: (Christopher F. Baum).
Keywords: Other versions of this item:
This paper has been announced in the following NEP Reports :
References listed on IDEAS Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile , click on "citations" and make appropriate adjustments.: Alain de Serres & Shuji Kobayakawa & Torsten Sløk & Laura Vartia, 2006.
"Regulation of Financial Systems and Economic Growth ,"
OECD Economics Department Working Papers
506, OECD, Economics Department.
[Downloadable!]
Rajan, Raghuram G & Zingales, Luigi, 1995.
" What Do We Know about Capital Structure? Some Evidence from International Data ,"
Journal of Finance ,
American Finance Association, vol. 50(5), pages 1421-60, December.
[Downloadable!] (restricted)
Other versions: Tadesse, Solomon, 2002.
"Financial Architecture and Economic Performance: International Evidence ,"
Journal of Financial Intermediation ,
Elsevier, vol. 11(4), pages 429-454, October.
[Downloadable!] (restricted)
Other versions: Levine, Ross & Zervos, Sara, 1998.
"Stock Markets, Banks, and Economic Growth ,"
American Economic Review ,
American Economic Association, vol. 88(3), pages 537-58, June.
[Downloadable!] (restricted)
Other versions:
Ross Levine & Sara Zervos, .
"Stock markets, banks and economic growth ,"
CERF Discussion Paper Series
95-11, Economics and Finance Section, School of Social Sciences, Brunel University.
Levine, Ross & Zervos, Sara, 1996.
"Stock markets, banks, and economic growth ,"
Policy Research Working Paper Series
1690, The World Bank.
[Downloadable!] Robert Townsend, 1979.
"Optimal contracts and competitive markets with costly state verification ,"
Staff Report
45, Federal Reserve Bank of Minneapolis.
[Downloadable!]
Other versions: Laurence Booth, 2001.
"Capital Structures in Developing Countries ,"
Journal of Finance ,
American Finance Association, vol. 56(1), pages 87-130, 02.
[Downloadable!] (restricted)
Other versions: Hall, Bronwyn H, 1987.
"The Relationship between Firm Size and Firm Growth in the U.S. Manufacturing Sector ,"
Journal of Industrial Economics ,
Blackwell Publishing, vol. 35(4), pages 583-606, June.
[Downloadable!] (restricted)
Other versions: Allen, Franklin & Gale, Douglas, 1997.
"Financial Markets, Intermediaries, and Intertemporal Smoothing ,"
Journal of Political Economy ,
University of Chicago Press, vol. 105(3), pages 523-46, June.
Other versions:
Franklin Allen & Douglas Gale, 1995.
"Financial Markets, Intermediaries, and Intertemporal Smoothing ,"
Center for Financial Institutions Working Papers
95-02, Wharton School Center for Financial Institutions, University of Pennsylvania.
[Downloadable!] Franklin Allen & Douglas Gale, 1995.
"Financial markets, intermediaries, and intertemporal smoothing ,"
Working Papers
95-4, Federal Reserve Bank of Philadelphia.
Franklin Allen & Douglas Gale, 1996.
"Financial Markets, Intermediaries and Intertemporal Smoothing ,"
Center for Financial Institutions Working Papers
96-33, Wharton School Center for Financial Institutions, University of Pennsylvania.
[Downloadable!] Gale, Douglas & Hellwig, Martin, 1985.
"Incentive-Compatible Debt Contracts: The One-Period Problem ,"
Review of Economic Studies ,
Blackwell Publishing, vol. 52(4), pages 647-63, October.
[Downloadable!] (restricted)
Diamond, Douglas W, 1984.
"Financial Intermediation and Delegated Monitoring ,"
Review of Economic Studies ,
Blackwell Publishing, vol. 51(3), pages 393-414, July.
[Downloadable!] (restricted)
Levine, Ross & Loayza, Norman & Beck, Thorsten, 2000.
"Financial intermediation and growth: Causality and causes ,"
Journal of Monetary Economics ,
Elsevier, vol. 46(1), pages 31-77, August.
[Downloadable!] (restricted)
Other versions: Harris, Milton & Raviv, Artur, 1991.
" The Theory of Capital Structure ,"
Journal of Finance ,
American Finance Association, vol. 46(1), pages 297-355, March.
[Downloadable!] (restricted)
Allen, Franklin & Chakrabarti, Rajesh & De, Sankar & Qian, Jun & Qian, Meijun, 2006.
"Financing firms in India ,"
Policy Research Working Paper Series
3975, The World Bank.
[Downloadable!]
Chang-Tai Hsieh & Peter J. Klenow, 2007.
"Misallocation and Manufacturing TFP in China and India ,"
NBER Working Papers
13290, National Bureau of Economic Research, Inc.
[Downloadable!] (restricted)
Other versions: King, Robert G & Levine, Ross, 1993.
"Finance and Growth: Schumpeter Might Be Right ,"
The Quarterly Journal of Economics ,
MIT Press, vol. 108(3), pages 717-37, August.
[Downloadable!] (restricted)
Other versions:
King, Robert G. & Levine, Ross, 1993.
"Finance and growth : Schumpeter might be right ,"
Policy Research Working Paper Series
1083, The World Bank.
[Downloadable!] King, Robert G. & Levine, Ross, 1993.
"Finance and growth : Schumpeter might be right ,"
Policy Research Working Paper Series
1083, The World Bank.
[Downloadable!] Dani Rodrik & Arvind Subramanian, 2004.
"Why India Can Grow at 7 Percent a Year or More: Projections and Reflections ,"
IMF Working Papers
04/118, International Monetary Fund.
[Downloadable!]
Levine, Ross, 2005.
"Finance and Growth: Theory and Evidence ,"
Handbook of Economic Growth ,
in: Philippe Aghion & Steven Durlauf (ed.), Handbook of Economic Growth, edition 1, volume 1, chapter 12, pages 865-934
Elsevier.
[Downloadable!] (restricted)
Other versions: John H. Boyd & Bruce D. Smith, 1996.
"The co-evolution of the real and financial sectors in the growth process ,"
Working Papers
541, Federal Reserve Bank of Minneapolis.
[Downloadable!]
Other versions: E. P. Davis, 2001.
"Multiple Avenues of Intermediation, Corporate Finance and Financial Stability ,"
IMF Working Papers
01/115, International Monetary Fund.
[Downloadable!]
Full
references Cited by : (explanations , Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile , click on "citations" and make appropriate adjustments.)
Jahangir Aziz, 2008.
"Real and Financial Sector Linkages in China and India ,"
IMF Working Papers
08/95, International Monetary Fund.
[Downloadable!]
Access and
download statistics Did you know? IDEAS is not the only service displaying RePEc data. Choose on RePEc which service fits your needs best.
This page was last updated on 2009-11-20.
This information is provided to you by IDEAS at the Department of Economics , College of Liberal Arts and Sciences , University of Connecticut using RePEc data on a server sponsored by the Society for Economic Dynamics .