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- W3140771222 abstract "This paper shows that the finance and growth relationship is as important in resource-based economies as in other economies. This paper also documents less developed financial systems in resource-based economies and banks that are more liquid, better capitalized and more profitable, but give fewer loans to firms. Firms in resource-based economies use less external finance and a smaller share of them uses bank loans, although there is the same level of demand as in other countries, thus pointing to supply constraints. Overall, there is some indication of a natural resource curse in financial development, which falls more on enterprises than on households. This calls for intensified efforts in resource-based economies to deepen and broaden financial systems." @default.
- W3140771222 created "2021-04-13" @default.
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- W3140771222 date "2011-01-01" @default.
- W3140771222 modified "2023-09-26" @default.
- W3140771222 title "Finance and Oil. Is there a Resource Curse in Financial Development" @default.
- W3140771222 hasPublicationYear "2011" @default.
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