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Financial Development and Growth in the Short and Long Run

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NBER2004-01-01 更新2025-01-04 收录
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We analyze the relationship between financial development and inter-industry resource allocation in the short- and long-run. We suggest that in the long-run, economies with high rates of financial development will devote relatively more resources to industries with a 'natural' reliance on outside

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2004-01-01
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