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Leurs travaux portent sur la relation entre le développement financier et la croissance économique. Il existerait un lien positif entre ces deux variables. Ils distinguent deux principaux canaux permettant d'envisager l'effet positif des marchés financiers sur la croissance économique:• La mise en commun de l'épargne • La facilitation des échanges par la réduction des coûts de transaction Selon eux, le développement financier permet de prévoir la croissance économique dans un horizon de 10 à 30 années. - King & Levine

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