Finance, investment, and growth

Date: 01 July 2003

This paper examines the relation between the institutional structures of advanced OECD countries and the comparative growth and investment of 27 industries in those countries over the period 1970 to 1995. The paper reports a strong relation between the structure of countries’ financial systems, the characteristics of industries, and the growth and investment of industries in different countries.

Wendy Carlin Colin Mayer

Economic Curriculum Development

Economic Curriculum Development

Finance, investment, and growth


Type: paper

Carlin, W. & Mayer, C. (2003) ‘Finance, investment and growth’. Journal of Financial Economics. 69 (1). 191-226


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