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Persistent link: https://www.econbiz.de/10011782900
We revisit the relationship between financial development and economic growth in a panel of 52 middle income countries … over the 1980-2008 period, using pooled mean group estimator in a dynamic heterogeneous panel setting. We show that …
Persistent link: https://www.econbiz.de/10010340261
There is a general acceptance of the fact that a significant direct relationship between financial markets and macroeconomic variables exists, especially by considering the assertion that developed financial markets correspond to high GDP levels. This paper provides an investigation of the...
Persistent link: https://www.econbiz.de/10011480254
Persistent link: https://www.econbiz.de/10013368592
This paper investigates the causes of the "vanishing effect of finance" detected in recent studies. The results highlight that the negative effect of the financial system on growth is mainly driven by advanced economies, whereas finance is still beneficial for income increases in developing...
Persistent link: https://www.econbiz.de/10011391918
Persistent link: https://www.econbiz.de/10012229803
This paper aims to investigate the long-run relationship between financial development and economic growth using panel … unit root and panel cointegration analysis in 16 selected low-income countries for the period of 20 years from 1995 to 2014 … exists a cross-sectional dependence across the countries. The Pedroni’s panel cointegration analysis provides clear support …
Persistent link: https://www.econbiz.de/10011904249
applies panel quantile regression with Markov chain Monte Carlo optimization as an optimal non-parametric approach to …
Persistent link: https://www.econbiz.de/10013349868
annual macroeconomic panel data for selected 14 Asian economies. The study focuses on the link between the indicators of … financial development and economic growth. The results of panel cointegration analysis suggest that there is two …
Persistent link: https://www.econbiz.de/10013246131
annual macroeconomic panel data for selected 14 Asian economies. The study focuses on the link between the indicators of … financial development and economic growth. The results of panel cointegration analysis suggest that there is two …
Persistent link: https://www.econbiz.de/10012237407