Quest for the general effect size of finance on growth: a large meta-analysis of worldwide studies
Ichiro Iwasaki,
Evžen Kočenda
Abstract:We analyze diverse and heterogenous literature to grasp the general effect size of financial development on economic growth on a world scale. For that, we perform by far the largest available meta-analysis of the finance-growth nexus using 3561 estimates collected from 177 studies. Our meta-synthesis results show that large heterogeneity in empirical evidence is, in fact, driven by only a limited number of variables (moderators). By using advanced techniques, we also document the existence of the publication s… Show more
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