finds that financial structure is significantly cointegrated to both economic growth and its volatility. In particular, the … relationship is positive in nature, suggesting that more market-based countries enjoy faster economic growth but suffer more from … of sensitivity checks, including the problem of endogeneity, the use of different financial structure (and growth …

China's fast growth is perceived as a major determinant of its savings glut that contributes to global imbalances, but … find that China's growth is positively affected by saving but has a limited effect on saving, that inequality mainly has a … negative impact on growth but has a positive impact on saving, and that inequality is a stronger factor than growth in …

(RS). The model supports the basic expectations regarding the positive effects of RS on the growth rate, output, credit …

run growth. Therefore, recent studies have investigated the growth effects remittances in the recipient countries but … specifications and estimation methods. Our results show that the direct growth effects of remittances are insignificant. However …, remittances may have small indirect growth effects. …

The empirical evidence on the relationship between income inequality and economic growth is widely recognized and, now … economic growth and income inequality in the case of Mexico. To this end, a time series of data for the Gini coefficients from … in cross-country growth regressions. We first investigate (and confirm) that the two series of per capita GDP and Gini …

This paper analyzes the role of financial intermediation in a simple endogenous growth model. The results suggest that … multiple endogenous growth paths can exist in connection with various levels of financial development, due to the reciprocal … externality between financial and real sectors. According to multiplicity, the growth effects of shocks on the technology of …