Download the fantastic book titled Finance Growth and Inequality written by Mr. Ross Levine, available in its entirety in both PDF and EPUB formats for online reading. This page includes a concise summary, a preview of the book cover, and detailed information about "Finance Growth and Inequality", which was released on 11 June 2021. We suggest perusing the summary before initiating your download. This book is a top selection for enthusiasts of the Business & Economics genre.
Summary of Finance Growth and Inequality by Mr. Ross Levine PDF
Finance and growth emerged as a distinct field of economics during the last three decades as economists integrated the fields of finance and economic growth and then explored the ramifications of the functioning of financial systems on economic growth, income distribution, and poverty. In this paper, I review theoretical and empirical research on the connections between the operation of the financial system and economic growth and inequality. While subject to ample qualifications, the preponderance of evidence suggests that (1) financial development—both the development of banks and stock markets—spurs economic growth and (2) better functioning financial systems foster growth primarily by improving resource allocation and technological change, not by increasing saving rates. Some research also suggests that financial development expands economic opportunities and tightens income distribution, primarily by boosting the incomes of the poor. This work implies that financial development fosters growth by expanding opportunities. Finally, and more tentatively, financial innovation—improvements in the ability of financial systems to ameliorate information and transaction costs—may be necessary for sustaining growth.
Detail About Finance Growth and Inequality PDF
- Author : Mr. Ross Levine
- Publisher : International Monetary Fund
- Genre : Business & Economics
- Total Pages : 80 pages
- ISBN : 1513583360
- Release Date : 11 June 2021
- PDF File Size : 48,8 Mb
- Language : English
- Rating : 4/5 from 21 reviews
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