This paper examines how financial expansion and contraction cycles affect the broader economy through their impact on eight real economic sectors in a panel of 28 countries over 1960-2005, paying particular attention to large, or sharp, contractions and magnifying and mitigating factors. Overall, the construction sector is the most responsive to financial sector growth, with a number of others -- such as government, public utilities, and transportation...
Подробнее
ПОДРОБНАЯ ИНФОРМАЦИЯ
-
2011/10/01
-
Рабочий документ в рамках исследования вопросов политики
-
WPS5860
-
1
-
1
-
2011/10/01
-
Disclosed
-
Financial sector ups and downs and the real sector : big hindrance, little help
-
Financial Sector