A short note on Finance and Growth

This has been one of my favorite topics- How finance leads to growth. I have posted many a times on the subject ( see this for instance).

I came across this superb short note on the topic written by Aubhik Khan of Philadelphia Fed. It is basically a crisp literature survey and explains how various papers have gone on to show how finance helps in growth.

The note was written in 2000 and since then substanitial research has taken place in the subject. Like now we know access to finance is as important, finance helps reduce poverty, research on whether financial globalization is helpful etc. Keep posted for more developments.

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