文档介绍：Finance and Growth: Schumpeter Might be Right
Robert G. King; Ross Levine
The Quarterly Journal of Economics, Vol. 108, No. 3. (Aug., 1993), pp. 717-737.
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Tue Feb 19 03:34:39 2008
FINANCE AND GROWTH:
SCHUMPETER MIGHT BE RIGHT*
ROBERTG. KINGAND ROSSLEVINE
We present cross-country evidence consistent with Schumpeter's view that the
financial system can promote economic growth, using data on 80 countries over the
1960-1989 period. Various measures of the level of financial development are
strongly associated with real per capita GDP growth, the rate of physical capital
accumulation, and improvements in the efficiency with which economies employ