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Persistent link: https://www.econbiz.de/10003835630
The importance of natural resource revenues in resource-rich countries is one of the main issues in the last two decades. Meanwhile, the major impact of financial development has been neglected during the process of accessing resource-based sustainable economic growth. Therefore, the novelty of...
Persistent link: https://www.econbiz.de/10012792646
This chapter examines the direction of causality between financial development and economic growth in 44 developed and developing countries for the period of 1965-2016. Using bank-based indicators, our empirical results provide the evidence of linear Granger-causality running from economic...
Persistent link: https://www.econbiz.de/10012792675