The present contribution tests whether countries can be pooled when studying the finance-growth nexus. Overall, our …

-specific and time-specific finance-growth coefficients for 71 countries, both developed and developing, from 1960 to 2004. The … linkage between financial development and economic growth. Based on panel threshold regression models, we establish country … affect the non-linearity between financial development and growth, and have the greatest influence on the relationship of two …

explore the relationship between asset growth, investment, and cash flow and find that firms use all available internal funds … to channel towards asset growth even during the financial crisis. We conclude that firms in Asia were resilient to the …

The paper examines the effect of inflation on growth in transition countries. It presents panel data evidence for 13 … find a strong, robust, negative effect of inflation on growth, and one that declines in magnitude as the inflation rate … increases. These results include a role for a normalized money demand, by itself and as part of a nonlinearity in the inflation-growth …

The Finance-Growth Nexus is a classical source of debate among economists. This contribution offers regional evidence … countries. The results for this application support the view that finance leads growth, reject its possible endogeneity and …

The Finance-Growth Nexus is a classical source of debate among economists. This contribution offers regional evidence … countries. The results for this application support the view that finance leads growth, reject its possible endogeneity and …

system is an essential aspect of the growth process. We focus on one component of this evolution: the increasing importance … of equity markets as an economy grows. We develop a growth model where capital accumulation is financed externally …

In this paper, we show that the regional finance-growth nexus in Italy is robust to a series of innovations with … a thorough investigation of the nonlinearities in the relation between finance and growth. Our results show that, while … local financial development is a key factor for economic growth, in regions with inefficient courts more credit might …