Wu, Jyh-Lin; Hou, Han; Cheng, Su-Yin - In: Journal of Macroeconomics 32 (2010) 3, pp. 879-891
This paper investigates the dynamic impacts of financial institutions on economic growth based on a panel data set comprised of 13 countries in European Union (EU) over the period of 1976-2005. We found several important results. First, there exists a long-run equilibrium relationship among...