FROM INSTITUTIONS TO FINANCIAL DEVELOPMENT AND GROWTH: WHAT ARE THE LINKS?
综述了制度、金融发展与经济增长之间的文献，先筛选出研究制度安排如何影响金融市场信息摩擦和交易成本的贡献，再探讨这些摩擦通过金融发展影响经济增长的理论机制与实证证据。
Abstract This paper presents an integrated overview of the literature linking institutions, financial development, and economic growth. From the large body of research on institutional development, the paper first selects those contributions that make it possible to study the role of institutional arrangements in ameliorating/worsening the information frictions and transaction costs that characterize the development of financial markets. The paper then investigates the theoretical mechanisms by which these specific frictions affect economic growth and presents the stock of empirical evidence quantifying the impact of institutions on growth through financial development.