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Joseph A. Schumpeter is one of the most famous economists of the 20th century and the ’patron saint’ of the finance and growth literature. We have discovered that the prevailing literature has, however, misinterpreted Schumpeter, which leads to puzzling empirical results and difficulties in...
Persistent link: https://www.econbiz.de/10013201693
that drives the bank-related and stock exchange-based financial sectors in the short run. Stock exchange-based financial … development drives bank-related financial development and savings in both the short run and the long run. While, savings are found …. Further, only bank-related financial development is found to Granger-cause economic growth in Botswana. …
Persistent link: https://www.econbiz.de/10012012444
This paper re-examined the relationship between financial development and economic growth in Nigeria. Unlike existing … studies, we attempted to assess the information content of non-linearities in the finance–growth nexus for Nigeria. We also … financial system reforms. On the basis of the foregoing, broader structural reforms should pervade Nigeria's policy space if the …
Persistent link: https://www.econbiz.de/10012858628
The paper attempts to test empirically the hypothesis of Finance-led growth in India. For this it traces the relationship between growth rate of GDP and the M3/GDP ratio, well researched indicator of Financial Deepening for the period of 39 years (i.e, 1971-2010) with the help of recently...
Persistent link: https://www.econbiz.de/10013058954
rate of growth of capital asset or income whether source of borrowing is bank or money lender. This is then formalized in a …
Persistent link: https://www.econbiz.de/10011952114
granular effects: if markets are very concentrated in terms of the size distribution of banks, idiosyncratic shocks at the bank … of itself, and it may also influence concentration in banking and thus the impact of bank-specific shocks for the … micro-macro panel dataset. Our research has three main findings: First, bank-level shocks significantly impact on GDP …
Persistent link: https://www.econbiz.de/10010225571
granular effects: if markets are very concentrated in terms of the size distribution of banks, idiosyncratic shocks at the bank … of itself, and it may also influence concentration in banking and thus the impact of bank-specific shocks for the … micro-macro panel dataset. Our research has three main findings: First, bank-level shocks significantly impact on GDP …
Persistent link: https://www.econbiz.de/10010195375
granular effects: if markets are very concentrated in terms of the size distribution of banks, idiosyncratic shocks at the bank … of itself, and it may also influence concentration in banking and thus the impact of bank-specific shocks for the … micro-macro panel dataset. Our research has three main findings: First, bank-level shocks significantly impact on GDP …
Persistent link: https://www.econbiz.de/10009786228
bank-efficiency and financial inclusion among the frontier and fragile groups, respectively. Results from both the dynamic … the long-run through Fintech adoption. The study recommends the collaboration of Fintech with banks, improved bank …
Persistent link: https://www.econbiz.de/10013179597
The present endeavor measures the extent of the nexus between financial development and economic growth by utilizing 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...
Persistent link: https://www.econbiz.de/10012237407