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Regional Evidence on the Finance-Growth Nexus

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  • Andrea Vaona

    ()
    (Dipartimento di Scienze economiche (Università di Verona))

Abstract

The Finance-Growth Nexus is a classical source of debate among economists. This contribution o¤ers regional evidence on this issue in order to see if it can meet the data within a 140 years old economic union �Italy -, in the ideal context for its main competitor - New Economic Geography - and in order to avoid pooling between developed and developing countries. The results for this application support the view that �nance leads growth, reject its possible endogeneity and shows its robustness even in presence of spatial unobserved heterogeneity.

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File URL: http://dse.univr.it/RePEc/ver/Wpaper/WP30.pdf
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Bibliographic Info

Paper provided by University of Verona, Department of Economics in its series Working Papers with number 30.

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Length: 17
Date of creation: Dec 2005
Date of revision:
Handle: RePEc:ver:wpaper:30

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Keywords: Finance; Growth; Regions;

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Cited by:
  1. Swamy, Vighneswara, 2010. "Bank-based Financial Intermediation for Financial Inclusion and Inclusive Growth," MPRA Paper 47510, University Library of Munich, Germany.

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