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Financial Development and TFP Growth : Cross Country and Industry Level Evidence
Arizala, Francisco - 2009
We estimate the impact of financial development on industry-level TFP growth using a largely unexploited panel of 77 countries with data for 26 manufacturing industries for the years 1963 to 2003. We find a significant relationship between financial development and industry-level TFP growth when...
Persistent link: https://www.econbiz.de/10013160277
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Capital Misallocation and Financial Development : A Sector-Level Analysis
Marconi, Daniela - 2017
This study investigates how financial development affects capital allocation across industries in a panel of countries at different stages of development (China, India, Mexico, Korea, Japan and the US) over the period 1980-2014. Following the approach proposed by Chari et al (2007) and Aoki...
Persistent link: https://www.econbiz.de/10012943765
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Capital Misallocation and Financial Development : A Sector-Level Analysis
Marconi, Daniela - 2017
This study investigates how financial development affects capital allocation across industries in a panel of countries at different stages of development (China, India, Mexico, Korea, Japan and the US) over the period 1980-2014. Following the approach proposed by Chari et al (2007) and Aoki...
Persistent link: https://www.econbiz.de/10012944025
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Economic growth in an oil-dominant economy of Nigeria : the role of financial system development
Ogbonna, Oliver E.; Mobosi, Ikechukwu A.; Ugwuoke, … - In: Cogent economics & finance 8 (2020) 1, pp. 1-16
This paper examines the effect of financial system development on oil-dominant economy of Nigeria using Zivot-Andrews unit root test and Autoregressive Distributed Lag (ARDL) model over the period 1981 to 2015. The motivation of this paper is that the study distinguished the impact of financial...
Persistent link: https://www.econbiz.de/10013179543
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Revisiting the finance and growth nexus : a deeper look at sectors and instruments
Unger, Robert - 2019
This paper investigates empirically whether the relation between finance and growth depends on a specific type of financing. I construct a novel panel data set for 34 high income countries over the time period from 1995 to 2014 based on financial accounts data. It allows distinguishing between...
Persistent link: https://www.econbiz.de/10011962798
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Islamic financial depth, financial intermediation, and sustainable economic growth : ARDL approach
Saleem, Adil; Sági, Judit; Setiawan, Budi - In: Economies : open access journal 9 (2021) 2, pp. 1-22
The pre-eminence of Islamic finance from the perspective of economic growth has been a long-standing debate. In recent decades, there has been a paradigm shift from interest-based banking to Islamic financial system. This study intends to examine the dynamic interaction of Islamic financial...
Persistent link: https://www.econbiz.de/10012504305
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Which way to go now? : financing economic growth in the sustainable development era
Basu, Sudip Ranjan; Das Gupta, Monica - In: Asian development review : studies of Asian and pacific … 40 (2023) 2, pp. 177-209
Our paper uses a novel methodology to reexamine the relationship between financial development and economic growth in the era of sustainable development. Our empirical procedure deals with both functional-form misspecification bias as well as bias from endogenous regressors. It also provides an...
Persistent link: https://www.econbiz.de/10014426285
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Financial Development and Productivity Growth in Stagnant Industries
Le, Nhan; Nguyen, Ha; Schultz, Emma - 2022
The US economy has experienced a rapid expansion in industries with low productivity growth. In this paper, we … investigate the effect of financial development on productivity growth in these so-called stagnant industries. We show that while … banking reforms have an insignificant effect on aggregate productivity growth, as documented in prior study, stagnant …
Persistent link: https://www.econbiz.de/10014241746
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Revisiting the Finance and Growth Nexus : A Deeper Look at Sectors and Instruments
Unger, Robert - 2019
This paper investigates empirically whether the relation between finance and growth depends on a specific type of financing. I construct a novel panel data set for 34 high income countries over the time period from 1995 to 2014 based on financial accounts data. It allows distinguishing between...
Persistent link: https://www.econbiz.de/10012893250
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The vanishing effect of finance on growth
Gründler, Klaus - 2015
rates, and in times with low factor productivity growth. …
Persistent link: https://www.econbiz.de/10011391918