Financial Systems, Industrial Structure, and Growth
基于实证研究,探讨金融部门发展如何影响产业增长、产业构成和企业规模分布,并分析金融机构与金融市场的相对重要性及其对经济危机脆弱性的差异。
How does the development of the financial sector affect industrial growth? What effect does it have on the composition of industry, and the size distribution of firms? What is the relative importance of financial institutions and financial markets, and does it depend on the stage of economic growth? How do financial systems differ in their vulnerability to crisis? This paper attempts to provide an answer to these questions based on the current state of empirical research.