ABSTRACT
Identifying and analysing empirically the forces that lead to IFC development has considerable utility to urban and regional scholars and policy makers. First, relatively little is known about these forces and since they are obviously important regional building economic elements, more needs to be known. Second, more research needs to be available to make effective and appropriate policy. Accordingly, this chapter presents the results of two studies that identify factors linked with IFC development. First we report on cross-sectional evidence from the growth of financial activity in thirty US states. Second, this evidence is strengthened with nation-based time series and cross-sectional studies.
