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Financial development and economic growth in Barbados : causal evidence.

WOOD, Anthony

Financial development and economic growth in Barbados : causal evidence. - 1993

Notes that the result of a causal relationship from financial development to economic growth provides some justification for the policy of establishing and promoting financial institutions in Barbados and other LDCs. Tests the hypothesis that the direction of causality between financial development and economic growth changes over the course of development.










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