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Stock markets, banks and long run economics growth : a panel cointegration-based analysis
Cavenaile, Laurent; Gengenbach, Christian; Palm, Franz C. - 2013
The aim of this paper is to investigate the long run relationship between the development of banks and stock markets and economic growth. We make use of a Johansen-based panel cointegration methodology allowing for cross-country dependence to test the number of cointegrating vectors among these...
Persistent link: https://www.econbiz.de/10010223077
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Economic growth in the post-socialist Russian Federation after 1991 : the role of Institutions
Dobler, Constanze; Hagemann, Harald - 2011
The paper emphasizes the transition in Russia and the role institutions played before and during the process. In Russia, a "big bang" approach was applied. That is to say, transition was conducted all of a sudden, omitting important underlying reforms. This practice should function as a shock...
Persistent link: https://www.econbiz.de/10009486307
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Stock Markets, Banks and Long Run Economic Growth : A Panel Cointegration-Based Analysis
Cavenaile, Laurent - 2013
The aim of this paper is to investigate the long run relationship between the development of banks and stock markets and economic growth. We make use of a Johansen-based panel cointegration methodology allowing for cross-country dependence to test the number of cointegrating vectors among these...
Persistent link: https://www.econbiz.de/10013071385
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Exploring the Finance-Growth Volatility Nexus : Evidence from Developed, Developing and Transition Countries
Vardar, Gulin - 2016
financial system, through bank/stock market development, and economic growth volatility in overall/specific country group levels … on economic growth volatility, whereas domestic credit to GDP has a statistically significant but positive impact. This … dampens the growth volatility …
Persistent link: https://www.econbiz.de/10012982654
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The hype of social capital in the finance-growth nexus
Raheem, Ibrahim Dolapo; Ajide, Kazeem Bello; Xuan Vinh Vo - 2021
The trilogy among economic growth, social capital (SC), and financial development is exami ned based on three hypotheses: first, SC is important in the finance-growth nexus. Second, th ere is a threshold effect of SC in the finance-growth nexus. Third, the SC-finance-growth tril ogy depends on...
Persistent link: https://www.econbiz.de/10012601159
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The Impacts of Financial Development on Growth : A Time-Varying Causality Analysis for Turkey
Zeki Ak, Mehmet - 2017
The goal of this research is to determine whether the causal relationship between financial development and economic growth in Turkey is stable over time. For this purpose, causal relationship between financial development and economic growth in Turkey has been investigated by means of annual...
Persistent link: https://www.econbiz.de/10012965075
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China’s Monetary Policy Regulation and Financial Risk Prevention : The Study of Effectiveness and Appropriateness
Zhou, Hui - 2015
correlations between monetary policy, economic growth, inflation and asset price volatility, explores the creation of financial …
Persistent link: https://www.econbiz.de/10014021002
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Influence of real exchange rate on the finance-growth nexus in the West African region
Ehigiamusoe, Kizito Uyi; Hooi Hooi Lean - In: Economies : open access journal 7 (2019) 1/23, pp. 1-21
This study examines the moderating effects of the real exchange rate and its volatility on the finance-growth nexus in … levels of the real exchange rates and its volatility. The findings show that financial development has a long-term positive … impact on economic growth, but this impact is weakened by real exchange rate and its volatility. The marginal effects of …
Persistent link: https://www.econbiz.de/10012020497
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ICT adoption and stock market development in Africa : an application of the panel ARDL bounds testing procedure
Igwilo, Jerry Ikechukwu; Sibindi, Athenia Bongani - In: Journal of risk and financial management : JRFM 14 (2021) 12, pp. 1-15
The nexus between Information Communication Technology (ICT) and stock market development has been predominantly based on studies of the developed markets and high-income economies of the world. The objective of this study was to examine the causal relationship between ICT adoption and stock...
Persistent link: https://www.econbiz.de/10012799415
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The impact of banks and stock market development on economic growth in South Africa : an ARDL-bounds testing approach
Nyasha, Sheilla; Odhiambo, Nicholas M. - In: Contemporary economics 9 (2015) 1, pp. 93-108
This paper examines the impact of both bank- and market-based financial development on economic growth in South Africa during the period from 1980 to 2012. Unlike some previous studies, the current study employs means-removed average to construct both bank- and market-based financial development...
Persistent link: https://www.econbiz.de/10010520866