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The present contribution tests whether countries can be pooled when studying the finance-growth nexus. Overall, our …
Persistent link: https://www.econbiz.de/10010273103
growth and financial development indicators. We then investigate whether the links observed in China, India and Brazil … determinant of export productivity. Moreover, except for Brazil, export productivity plays a positive effect on growth, and so … negatively associated with growth. …
Persistent link: https://www.econbiz.de/10010284554
We develop a horizontal R&D growth model that allows us to investigate the different channels through which financial … sector produces a straightforward result: a decrease in lending rates which stimulates R&D investment and economic growth …
Persistent link: https://www.econbiz.de/10012508542
This paper aims to investigate the long-run relationship between financial development and economic growth using panel … growth. The long-run panel estimates indicate that financial development has a positive and significant impact on economic … growth. For the robustness of the results, this paper has also performed time-series analysis on a single country basis. The …
Persistent link: https://www.econbiz.de/10011904249
-linear relationship between financial development and growth, we find an inverted U-shaped relationship between finance and growth in the …We revisit the relationship between financial development and economic growth in a panel of 52 middle income countries … financial development does not have a linear positive long-run impact on economic growth in this sample. When we consider a non …
Persistent link: https://www.econbiz.de/10010340261
Persistent link: https://www.econbiz.de/10010212785
Using a unique district-level panel data set, we investigate the effect of banking system penetration on financial inclusion in Ghana. To purge potential endogeneity bias in the underlying relationship, we exploit a change in the policy environment of the Ghanaian banking system to instrument...
Persistent link: https://www.econbiz.de/10012509932
important features inherent in dynamic panels used in finance & growth regressions. It is allowed for a weakly exogenous … lagged dependent variable. Results from an application to the finance & growth nexus suggest that a positive and monotonic …
Persistent link: https://www.econbiz.de/10012934827
Financial development is definitely a determinant of the extent of foreign direct investment (FDI) inflow into an economy. Yet, the contribution of financial development (FD) can be dependent on the political situation of the recipient nation. Higher political stability aids financial...
Persistent link: https://www.econbiz.de/10014215269
finance-growth-literature …This paper examines the impact of financial sector foreign direct investment (FSFDI) on economic growth by estimating a … panel data model for 11 Central and Eastern European countries (CEECs) between 1996 and 2003 in a cross-country growth …
Persistent link: https://www.econbiz.de/10014060105