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inflationary levels and general economic growth trends amidst rising globalization. The adopted empirical strategy (CS-ARDL and AMG …
Persistent link: https://www.econbiz.de/10014339312
Does it matter for domestic investment whether a country's financial system is bank based or stock-market based? This … paper posits that financial intermediation affects domestic investment notably by alleviating financing constraints …, allowing firms to increase investment in response to increased demand for output. The key result is that the structure of the …
Persistent link: https://www.econbiz.de/10011527008
and investment. Based on the literature considered, it can be concluded that there is little consensus to date on the … direction of causality between financial development and investment. The study concludes that most of the research done on the … causal relationship between financial development and investment is highly skewed towards assessing the causal relationship …
Persistent link: https://www.econbiz.de/10011877345
spending shocks, preference shocks) on aggregate output and investment, and why this volatility-reducing effect diminishes with …
Persistent link: https://www.econbiz.de/10013088166
economic development and that a sound and refined financial system encourages the efficiency of investment and economic growth …
Persistent link: https://www.econbiz.de/10012907618
This paper contributes to the empirical literature on the non-trivial relationship between financial development and economic growth. Based on panel data from 98 developed and developing countries, we show that for smooth economic development, balanced growth of both the industrial and financial...
Persistent link: https://www.econbiz.de/10013008316
This paper argues that excessive financial development in combination with high levels of technological innovation or R&D activities may lead to the former being ineffective in generating economic growth. This hypothesis is examined through a dynamic panel analysis using two measures of...
Persistent link: https://www.econbiz.de/10013034506
This paper examines the relationship between financial development, CO2 emissions, trade and economic growth using simultaneous-equation panel data models for a panel of 12 MENA countries over the period 1990-2011. Our results indicate that there is evidence of bidirectional causality between...
Persistent link: https://www.econbiz.de/10010488272
There is growing evidence that the impact of financial development on economic growth might be non-linear and hump-shaped, exhibiting a turning point. However, such findings are typically established using total finances (mostly: credit), and the apparent non-linear impact of totals can stem...
Persistent link: https://www.econbiz.de/10012054612
Persistent link: https://www.econbiz.de/10010342136