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010   $a1-283-51685-3
010   $a9786613829306
010   $a1-4519-0831-8
035   $a(CKB)3360000000443856
035   $a(EBL)3014357
035   $a(SSID)ssj0001475053
035   $a(PQKBManifestationID)11825361
035   $a(PQKBTitleCode)TC0001475053
035   $a(PQKBWorkID)11472044
035   $a(PQKB)10943075
035   $a(OCoLC)698585570
035   $a(MiAaPQ)EBC3014357
035   $a(IMF)WPIEE2006035
035   $a(EXLCZ)993360000000443856
100   $a20020129d2006      uf             0
101 0 $aeng
181   $ctxt
182   $cc
183   $acr
200 10$aDoes Economic Diversification Lead to Financial Development? Evidence From topography /$fRodney Ramcharan
210  1$aWashington, D.C. :$cInternational Monetary Fund,$d2006.
215   $a1 online resource (45 p.)
225 1 $aIMF Working Papers
300   $a"January 2006."
311   $a1-4518-6295-4 
320   $aIncludes bibliographical references.
327   $a""Contents""; ""I. INTRODUCTION""; ""II. EMPIRICAL FRAMEWORK AND DATA OVERVIEW""; ""III. MAIN RESULTS""; ""IV. SENSITIVITY ANALYSES""; ""V. DISCUSSION""; ""References""
330 3 $aAn influential theoretical literature has observed that economic diversification can reduce risk and increase financial development. But causality operates in both directions, as a well functioning financial system can enable a society to invest in more productive but risky projects, thereby determining the degree of economic diversification. Thus, ordinary least squares (OLS) estimates of the impact of economic diversification on financial development are likely to be biased. Motivated by the economic geography literature, this paper uses instruments derived from topographical characteristics to estimate the impact of economic diversification on the development of finance. The fourth estimates suggest a large and robust role for diversification in shaping financial development. And these results imply that, by impeding financial sector development, the concentration of economic activity common in developing countries can adversely affect financial and economic development.
410  0$aIMF Working Papers; Working Paper ;$vNo. 2006/035
606   $aEconomic development$xEconometric models
606   $aFinance$xEconometric models
606   $aBanks and Banking$2imf
606   $aFinance: General$2imf
606   $aMacroeconomics$2imf
606   $aIndustries: Manufacturing$2imf
606   $aDemography$2imf
606   $aIndustrialization$2imf
606   $aManufacturing and Service Industries$2imf
606   $aChoice of Technology$2imf
606   $aBanks$2imf
606   $aDepository Institutions$2imf
606   $aMicro Finance Institutions$2imf
606   $aMortgages$2imf
606   $aFinancial Markets and the Macroeconomy$2imf
606   $aDemographic Economics: General$2imf
606   $aIndustry Studies: Manufacturing: General$2imf
606   $aEconomic Development: General$2imf
606   $aFinance$2imf
606   $aBanking$2imf
606   $aPopulation & demography$2imf
606   $aManufacturing industries$2imf
606   $aEconomic growth$2imf
606   $aFinancial sector development$2imf
606   $aBank deposits$2imf
606   $aPopulation and demographics$2imf
606   $aManufacturing$2imf
606   $aFinancial markets$2imf
606   $aFinancial services$2imf
606   $aEconomic sectors$2imf
606   $aFinancial services industry$2imf
606   $aBanks and banking$2imf
606   $aPopulation$2imf
607   $aSouth Africa$2imf
615  0$aEconomic development$xEconometric models.
615  0$aFinance$xEconometric models.
615  7$aBanks and Banking
615  7$aFinance: General
615  7$aMacroeconomics
615  7$aIndustries: Manufacturing
615  7$aDemography
615  7$aIndustrialization
615  7$aManufacturing and Service Industries
615  7$aChoice of Technology
615  7$aBanks
615  7$aDepository Institutions
615  7$aMicro Finance Institutions
615  7$aMortgages
615  7$aFinancial Markets and the Macroeconomy
615  7$aDemographic Economics: General
615  7$aIndustry Studies: Manufacturing: General
615  7$aEconomic Development: General
615  7$aFinance
615  7$aBanking
615  7$aPopulation & demography
615  7$aManufacturing industries
615  7$aEconomic growth
615  7$aFinancial sector development
615  7$aBank deposits
615  7$aPopulation and demographics
615  7$aManufacturing
615  7$aFinancial markets
615  7$aFinancial services
615  7$aEconomic sectors
615  7$aFinancial services industry
615  7$aBanks and banking
615  7$aPopulation
700   $aRamcharan$b Rodney$01464150
712 02$aInternational Monetary Fund.$bResearch Dept.
801  0$bDcWaIMF
906   $aBOOK
912   $a9910788700403321
996   $aDoes Economic Diversification Lead to Financial Development? Evidence From topography$93673712
997   $aUNINA