Hou, Han; Cheng, Su-Yin - In: Applied Financial Economics 20 (2010) 12, pp. 975-981
This article uses quarterly data from 1971 to 2007 to investigate the finance-growth nexus in Taiwan. We take into account the role of stock market into our examined model and revise the stock-flow problem when calculating financial related variables. The result supports the comovement...