Growth and finance, European integration and the Lisbon strategy

被引:4
作者
Padoan, PC
Mariani, F
机构
[1] Univ Roma La Sapienza, I-00191 Rome, Italy
[2] European Univ Inst, Florence, Italy
关键词
D O I
10.1111/j.1468-5965.2006.00615.x
中图分类号
F [经济];
学科分类号
02 ;
摘要
This article considers the relationship between financial and technological integration in Europe. It finds that market-based financial systems support output growth, investment and total factor productivity (TFP) more than bank-based ones. It identifies three groups of countries and estimates the probability of transition between the groups. It finds that financial integration might be a necessary but not sufficient condition for moving towards the 'Lisbon benchmark'.
引用
收藏
页码:77 / 112
页数:36
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