Trew, A. (2006) Finance and growth: A critical survey. Economic Record, 82(259), pp. 481-490. (doi: 10.1111/j.1475-4932.2006.00361.x)
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Abstract
We present a survey of the finance‐growth nexus that raises a number of qualifications to the standard interpretation. We investigate doubts regarding empirical consensus and we consider the prevalence of cross‐section econometrics as dominant in shaping the present theoretical consensus. The core implications of many finance and growth theories are shown to be disconnected not only from their modern empirical counterparts, but also from the historical literature.
| Item Type: | Articles |
|---|---|
| Additional Information: | Supported by funding from the Centre for Dynamic Macroeconomic Analysis at St Andrews. |
| Status: | Published |
| Refereed: | Yes |
| Glasgow Author(s) Enlighten ID: | Trew, Professor Alex |
| Authors: | Trew, A. |
| College/School: | College of Social Sciences > Adam Smith Business School > Economics |
| Journal Name: | Economic Record |
| Publisher: | Wiley |
| ISSN: | 0013-0249 |
| ISSN (Online): | 1475-4932 |
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