This paper evaluates the empirical relationship between the level of financial intermediary development and (i) economic growth, (ii) total factor productivity growth, (iii) physical capital accumulat
Replication data and code for the paper "Borrowing Constraints, Financial Development and The Aggregate Savings: Theory and Evidence" by Pengfei Wang, Lifang Xu, and Zhiwei Xu.
The effective and efficient management of financial systems and resources fosters a socioeconomic climate conducive to technological and innovative advancement, thereby fostering long-term economic gr
