Does Local Financial Development Matter?
نویسندگان
چکیده
منابع مشابه
Does Local Financial Development Matter?
We study the effects of differences in local financial development within an integrated financial market. We construct a new indicator of financial development by estimating a regional effect on the probability that, ceteris paribus, a household is shut off from the credit market. By using this indicator we find that financial development enhances the probability an individual starts his own bu...
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ژورنال
عنوان ژورنال: The Quarterly Journal of Economics
سال: 2004
ISSN: 0033-5533,1531-4650
DOI: 10.1162/0033553041502162