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Finance and growth nexus: An international analysis across cities

Abstract:

We examine the relationship between finance and economic growth in the metropolitan areas of 75 countries at various stages of economic development in the period 2001-15. Our analysis demonstrates an inverted U-shape relationship between finance and growth. This relationship becomes even more significant in the areas of a country outside its largest financial center, indicating that while these areas can benefit from financial development, they are also the most vulnerable. We show that larg...

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Publication status:
Published
Peer review status:
Peer reviewed

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Publisher copy:
10.1177/0042098019889244

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Institution:
University of Oxford
Division:
SSD
Department:
SOGE
Sub department:
Geography
Role:
Author
More by this author
Institution:
University of Oxford
Department:
SOGE
Sub department:
Geography
Role:
Author
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Name:
European Commission
Grant:
681337
Publisher:
SAGE Publications
Journal:
Urban Studies: an international journal for research in urban studies More from this journal
Volume:
58
Issue:
1
Pages:
223-242
Publication date:
2020-01-09
Acceptance date:
2019-10-26
DOI:
EISSN:
1360-063X
ISSN:
0042-0980
Keywords:
Pubs id:
pubs:1066605
UUID:
uuid:f674c34e-1bfa-493e-b8db-bba91aabc623
Local pid:
pubs:1066605
Source identifiers:
1066605
Deposit date:
2019-10-28

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