Working Paper

Poolability and the finance-growth nexus: a cautionary note


  • Stefano Schiavo
  • Andrea Vaona
Publication Date

The present contribution tests whether countries can be pooled when studying the financegrowth nexus. Overall, our results point toward a ‘pragmatic’ positive answer, though considerable heterogeneity is present among developing countries.


JEL Classification
C23, O16

Key Words

  • finance
  • Growth
  • poolability
  • Wachstum