Work

Historical Perspectives on Financial Development and Economic Growth

Year: 2003

Type: article

Abstract: This article attempts to narrow the gap between the views of economic historians and macroeconomists studying finance and growth. The authors illustrate with standard macroeconometric techniques that the historical time series that are available for Amsterdam (1640-1794), England (1720-1850), the United States (1790-1850), and Meiji Japan (1880-1913) are consistent with the “finance-led” growth hypothesis.

DOI: 10.20955/r.85.81-106

Author: Peter L. Rousseau

Institutions: National Bureau of Economic Research, Federal Reserve Bank of St. Louis

Language: English

Topic: Historical Economic and Social Studies

Subfield: Economics and Econometrics

Field: Economics, Econometrics and Finance

Domain: Social Sciences

Open Access status: gold

OpenAlex ID: W2891063178

FWCI: 4.847

Cites: 30

Cited by: 71

Related to: 10