Code and data files for "Quantifying the Impact of Financial Development on Economic Development"
Citations
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Cites background from "Code and data files for "Quantifyin..."
...as well as (iii) producer and worker optimization, (iv) the no-arbitrage condition (15), and (v) the laws of motion for the measures in (17) and (18)....
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...The law of motion (17) simply adds up producers in the modern sector and those producers in the traditional sector that decide to switch....
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290 citations
Cites background from "Code and data files for "Quantifyin..."
...For example, Midrigan and Xu (2014) find that the magnitude of this effect is no more than about 10 percent (see also Buera et al. 2011; Greenwood et al. 2013; Moll 2014)....
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188 citations
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Cites background from "Code and data files for "Quantifyin..."
...A related literature has found sizeable impacts of improved financial intermediation on aggregate productivity and income (Gine and Townsend, 2004; Jeong and Townsend, 2007, 2008; Amaral and Quintin, 2010; Buera et al., 2011; Greenwood et al., 2013)....
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References
8,204 citations
"Code and data files for "Quantifyin..." refers background in this paper
...An early example of the empirical research examining the link between nancial intermediation and growth is the well-known paper by King and Levine (1993)....
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"Code and data files for "Quantifyin..." refers methods in this paper
...Figure 6 (relationship between ln z and some other variables): Data for the rule of law are taken from the World Banks Aggregate Governance Indicators, 1996-2008 see Kaufmann et al. (2009). Data on personal computers are obtained from the World Bank publication Information and Communications for Development 2009: Extending Reach and Increasing Impact. The numbers for the nancial development measure and the ratio of overhead costs to assets are available in the revised version of the Beck et al (2000) dataset mentioned above. Last, average years of education is based on Barro and Lee (2001)....
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...Figure 6 (relationship between ln z and some other variables): Data for the rule of law are taken from the World Banks Aggregate Governance Indicators, 1996-2008 see Kaufmann et al. (2009). Data on personal computers are obtained from the World Bank publication Information and Communications for Development 2009: Extending Reach and Increasing Impact. The numbers for the nancial development measure and the ratio of overhead costs to assets are available in the revised version of the Beck et al (2000) dataset mentioned above....
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...Figure 6 (relationship between ln z and some other variables): Data for the rule of law are taken from the World Banks Aggregate Governance Indicators, 1996-2008 see Kaufmann et al. (2009). Data on personal computers are obtained from the World Bank publication Information and Communications for Development 2009: Extending Reach and Increasing Impact....
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2,982 citations
"Code and data files for "Quantifyin..." refers background or methods in this paper
...Gomme and Rupert (2007) estimate a capital share toward the low end of the values used in literature for the United States, 0.283. In their analysis of the role of capital for economic development, King and Levine (1994) use an upper bound on the values found in the literature, 0....
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...Goldsmiths (1969) classic book Financial Structure and Economic Development, economists have been developing theories and searching for empirical evidence connecting economic and nancial development....
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...Gomme and Rupert (2007) estimate a capital share toward the low end of the values used in literature for the United States, 0....
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