Finance and Growth
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Finance and Growth

Asli Demirgüç-Kunt and Ross Levine

This research review brings together major contributions to the study of finance and growth. It considers conceptual and empirical papers that use a range of methodologies to discover the connections between financial systems——including financial contracts, markets, and intermediaries——and the functioning of the economy——including economic growth, entrepreneurship, technological innovation, poverty alleviation, the distribution of income, and the structure and volatility of economies. It also discusses contributions to the study of the legal, political, institutional, social capital and policy determinants of financial development.
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Asli Demirgüç-Kunt and Ross Levine

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