【货币,金融与经济增长】课程学习要点money finance and growth.docVIP

人物 主要论述 Schumpeter (1911) Emphasizes the positive influence of the development of a country’s financial sector on the level and the rate of growth of its per capita income. The argument essentially is that the services the financial sector provides are an essential catalyst of economic growth. King and Levine (1993) Higher levels of financial development are significantly and robustly correlated with the faster current and future rates of economic growth, physical capital accumulation and economic efficiency improvements Two sets of findings: 1. the first set involves the strength of the con