Law, Siong Hook; Azman-Saini, W.N.W.; Ibrahim, Mansor H. - In: Journal of Banking & Finance 37 (2013) 12, pp. 5373-5381
Using an innovative threshold estimation technique, this study examines whether the growth effect of financial development in countries with distinct levels of institutional development differs. The results demonstrate that there is a threshold effect in the finance-growth relationship....