01989cas a2200277 a 4500 AALejournalIMF017670 230101c9999 xx r poo 0 0eng d 5.00 USD 9781484302637 1018-5941 BD-DhAAL BD-DhAAL Ben Naceur, Sami. Financial Development and Source of Growth : New Evidence / Sami Ben Naceur, Robert Blotevogel, Mark Fischer, Haiyan Shi. Washington, D.C. : International Monetary Fund, 2017. 1 online resource (41 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This paper examines how financial development affects the sources of growth-productivity and investment-using a sample of 145 countries for the period 1960-2011. We employ a range of econometric approaches, focusing on the CCA and MENA countries. The analysis looks beyond financial depth to capture the access, efficiency, stability, and openness dimensions of financial development. Yet even in this broad interpretation, financial development does not appear to be a magic bullet for economic growth. We cannot confirm earlier findings of an unambiguously positive relationship between financial development, investment, and productivity. The relationship is more complex. The influence of the different dimensions of financial development on the sources of growth varies across income levels and regions. Mode of access: Internet Blotevogel, Robert. Fischer, Mark. Shi, Haiyan. IMF Working Papers; Working Paper ; No. 2017/143 Full text available on IMF http://elibrary.imf.org/view/journals/001/2017/143/001.2017.issue-143-en.xml IMF e-Library