Financial Markets, Specialization, and Learning by Doing

Posted: 31 Mar 1995

See all articles by Thomas F. Cooley

Thomas F. Cooley

New York University - Leonard N. Stern School of Business; National Bureau of Economic Research (NBER)

Bruce D. Smith

University of Texas at Austin (Deceased)

Date Written: 1993

Abstract

This paper considers three questions: (1) what is the role of financial markets in development, (2) why do some economies have such poorly developed financial markets, and (3) can government policy be used to promote financial market development?

JEL Classification: G18, G10, 016

Suggested Citation

Cooley, Thomas F. and Smith, Bruce D., Financial Markets, Specialization, and Learning by Doing (1993). Al. 172 WP 93-01. Available at SSRN: https://ssrn.com/abstract=63634

Thomas F. Cooley (Contact Author)

New York University - Leonard N. Stern School of Business ( email )

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Bruce D. Smith

University of Texas at Austin (Deceased)

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