Finance, firm size, and growth
By: Thorsten Beck ... [et al.].
Contributors: Beck, Thorsten.; National Bureau of Economic Research.
Series: NBER working paper series ;; working paper 10983; Working paper series (National Bureau of Economic Research : Online) ;; working paper no. 10983.
Publisher: National Bureau of Economic Research
Published: 2004
Place of publication: Cambridge, MA
Language: eng
Format: Electronic resource
Subjects: Business enterprises -- Size.; Finance.
Description: "This paper examines whether financial development boosts the growth of small firms more than large firms and hence provides information on the mechanisms through which financial development fosters aggregate economic growth.  We define an industry's technological firm size as the firm size implied by industry specific production technologies, including capital intensities and scale economies.  Using cross-industry, cross-country data, the results indicate that financial development exerts a disproportionately large effect on the growth of industries that are technologically more dependent on small firms.  This suggests that financial development accelerates economic growth by removing growth constraints on small firms and also implies that financial development has sectoral as well as aggregate growth ramifications"--National Bureau of Economic Research web site.
Notes: Also available in print.
Includes bibliographical references.
Title from PDF file as viewed on 1/4/2005.
System requirements: Adobe Acrobat Reader.
Mode of access: World Wide Web.