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
来源：
JCMS-JOURNAL OF COMMON MARKET STUDIES | 2006年 / 44卷 / 01期
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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