November 2021
Intermediate to advanced
366 pages
12h 34m
English
book
Entrepreneurial Finance, Innovation and Development
by Vi Dung Ngo, Duc Khuong Nguyen, Ngoc Thang Nguyen
Content preview from Entrepreneurial Finance, Innovation and Development
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12 Growth, financial development and nascent entrepreneurship
Does the level of development matter?
Harshana Kasseeah
1. Introduction
As stated by Acemoglu (2012), despite the tremendous progress in the literature, economic growth continues to be one of the most pertinent and interesting sub-areas of economics. Economic development is still a puzzle for researchers. Since the time of Adam Smith, the world has witnessed widening gaps between richer and poorer nations. Economic growth is hence important, and it helps to close this gap between nations. The study of economic growth as proposed by Acemoglu (2012) is not just about the growth of total output but also about “the fundamental transformation of an economy, ...
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