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1989•National Bureau of Economic ResearchOpen access

Financial Development, Growth, and the Distribution of Income

Jeremy Greenwood, Boyan Jovanovic

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Abstract

A paradigm is presented where both the extent of financial intermediation and the rate of economic growth are endogenously determined.

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A paradigm is presented where both the extent of financial intermediation and the rate of economic growth are endogenously determined.

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OpenAlex reports 2481 citations for this work. Citation counts describe recorded attention and do not establish research quality.

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Available abstract

A paradigm is presented where both the extent of financial intermediation and the rate of economic growth are endogenously determined.

Key concepts: Distribution (mathematics), Economics, Finance, Income distribution, Business, Mathematics, Inequality, Mathematical analysis

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