Faithin Omaha eBook Collection

A better set of financial institutions enables firm access to external finance with less consequent distortion of firm policies, such as investment, entry and e

How important is financial development for economic development? A costly state verification model of financial intermediation is presented to address this ques

"The authors examine whether financial development boosts the growth of small firms more than large firms and hence provides information on the mechanisms throu

Remarkably, a small fraction of firms account for most of the job and output creation in high-income and developing countries alike. Does this imply that the pa

Aggregate productivity, fundamental cause of long-run economic growth, plays a crucial role in determining economic development and living standards of nations.