Non linearity between finance and growth
We present a simple model which establishes a non linear and possibly non monotonic relationship between financial development and economic growth. Applying a threshold regression model to King and Levine™s (1993) data set, we find evidence that is consistent with the main implications stemming from the theoretical model.
Year of publication: |
2001
|
---|---|
Authors: | Deidda, L. ; Fattouh, B. |
Institutions: | Centro Ricerche Nord Sud (CRENoS) |
Subject: | financial development | economic growth | economic de- velopment | threshold regression** |
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