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- ISIDORE Id: 10670/1.7541c1...
- hal: hal-01297090
- doi: 10.1111/ecno.12051
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info:eu-repo/semantics/altIdentifier/doi/10.1111/ecno.12051
info:eu-repo/semantics/OpenAccess
Mots-clés
Bank Growth Allocation of talent Financialization G - Financial Economics/G.G2 - Financial Institutions and Services/G.G2.G21 - Banks • Depository Institutions • Micro Finance Institutions • Mortgages O - Economic Development, Innovation, Technological Change, and Growth/O.O4 - Economic Growth and Aggregate Productivity/O.O4.O43 - Institutions and GrowthSujets proches
Economic growth Growth, Economic Development, EconomicCiter ce document
Gunther Capelle-Blancard et al., « More Bankers, More Growth? Evidence from OECD Countries », HAL SHS (Sciences de l’Homme et de la Société), ID : 10.1111/ecno.12051
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Résumé
We re-examine empirically the finance–growth relationship. We argue that financial deepening should not only be assessed via the familiar measures of financial activity output—the volume of credit—but also through its inputs—for example, the relative number of employees in the financial industry—or the efficiency of the financial-intermediation process. The latter is measured in this paper by the ratio of credit volume to the number of financial-sector employees. We compare these measures using the econometric approach recommended by Roodman (2009). Overall, we fail to find a positive relationship between financial deepening and economic growth in OECD countries over the last 40 years.
