Banks and insurers should contribute to economic growth by facilitating the efficient allocation of capital. To test their roles in growth, a Solow model with a set of productivity …
This paper examines the mechanisms by which banking and insurance may stimulate economic growth. Liquidity, risk pooling and project monitoring services come bundled …
Banks and insurers should contribute to economic growth by facilitating the efficient allocation of capital. To test their roles in growth, a Solow model with a set of productivity …