Similar Search Results

Do Stock Markets Promote Economic Growth?

Hanousek, Jan; Campos, Nauro F.; Filer, Randall K. - EconWPA - 2001

One of the most enduring debates in economics is whether financial development causes economic growth or whether it is a consequence of increased economic activity. Little research into this question, however has used a true causality framework. This paper fills this lacuna by using...

Persistent link: https://www.econbiz.de/10005413076

Financial Development and Economic Growth in Malaysia: The Stock Market Perspective

Choong, Chee Keong; Yusop, Zulkornain; Law, Siong Hook; … - EconWPA - 2003

Understanding the causal relationship between financial development and economic growth is important in enhancing the economy of a nation. Using the autoregressive distributed lag (ARDL) bounds test approach, this study finds that stock market development is cointegrated with economic growth in...

Persistent link: https://www.econbiz.de/10005561265

Further evidence on the link between finance and growth: An international analysis of community banking and economic performance

Berger, Allen N.; Hasan, Iftekhar; Klapper, Leora F. - EconWPA - 2004

We seek to contribute to both the finance-growth literature and the community banking literature by testing the effects of the relative health of community banks on economic growth and investigating potential transmission mechanisms for these effects using data from 1993–2000 on 49 nations....

Persistent link: https://www.econbiz.de/10005561768

Finance, law and growth during transition: a survey

Haas, Ralph de - EconWPA - 2002

This paper surveys the economic literature on the links between finance, law and growth in the Central and Eastern European transition countries. The literature that is surveyed at the outset of the paper shows that if a financial system is based on an adequate legal system it can positively...

Persistent link: https://www.econbiz.de/10005125524

Further evidence on the link between finance and growth: An international analysis of community banking and economic performance

Berger, Allen N.; Hasan, Iftekhar; Klapper, Leora F. - EconWPA - 2004

Persistent link: https://www.econbiz.de/10005134638

Do efficient banking sectors accelerate economic growth in transition countries?

Koivu, Tuuli - EconWPA - 2002

The relationship between financial sector and economic growth in transition countries has been largely ignored in the earlier empirical literature. In this paper, we analyse the finance-growth nexus using a fixed-effects panel model and unbalanced panel data from 25 transition countries during...

Persistent link: https://www.econbiz.de/10005561315

Reconciling the Chinese Financial Development with its Economic

Maswana, Jean-Claude - EconWPA - 2005

Focused on the case of China’s financial development, the present discursive essay sets out to argue that if the … particular context of China’s economic development goals and concludes that although the Chinese financial system is not …. Furthermore, in order to reconcile China’s financial efficiency-growth apparent paradox, the essay supports the view that …

Persistent link: https://www.econbiz.de/10005407709

The Anarchy of Numbers: Aid, Development, and Cross-country Empirics

Roodman, David - EconWPA - 2004

Recent literature contains many stories of how foreign aid affects economic growth. All the stories hinge on the statistical significance in cross-country regressions of a quadratic term involving aid. Among the stories are that aid raises growth (on average) 1) in countries where economic...

Persistent link: https://www.econbiz.de/10005407636

Inequality and Growth: Does Time Change Anything

Gobbin, Niko; Rayp, Glenn - EconWPA - 2004

The econometric analysis of economic growth has always been subject to major flaws and shortcomings. Data scarcity and reliability, parameter heterogeneity, omitted variables bias, endogeneity problems, ... have seriously tainted estimation results. In this paper we propose an alternative...

Persistent link: https://www.econbiz.de/10005407640

Intelligence, Human Capital, and Economic Growth: A Bayesian Averaging of Classical Estimates (BACE) Approach

Jones, Garett; Schneider, W. Joel - EconWPA - 2005

Human capital plays an important role in the theory of economic growth, but it has been difficult to measure this abstract concept. We survey the psychological literature on cross-cultural IQ tests, and conclude that modern intelligence tests are well-suited for measuring an important form of a...

Persistent link: https://www.econbiz.de/10005407739