What Type of Finance Matters for Growth? Bayesian Model Averaging Evidence
We examine the effect of finance on long-term economic growth using Bayesian model averaging to address model uncertainty in cross-country growth regressions. The literature largely focuses on financial indicators that assess the financial depth of banks and stock markets. We examine these indicator...
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Published by Oxford University Press on behalf of the World Bank
2019
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| Online Access: | http://hdl.handle.net/10986/32782 |