Helge W. Nordvik
The banking system, industrialization and economic growth in Norway, 1850–1914
abstract taking views alexander gerschenkron rondo cameron role banking economic growth point departure article examines relationship banking industrialization economic growth norway 1914 takes issue generally pessimistic view held norwegian historians view ascribes slow industrial growth underdeveloped role commercial banking sector structural characteristics norwegian economy obviated need strong commercial banking sector savings banks private arrangements complemented government sources credit providing adequate finance sectors norwegian economy thus slow growth commercial banking seriously hamper norwegian economic growth 1914