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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

Financial systems and economic growth : empirical evidence from Australia

Nyasha, Sheilla; Odhiambo, Nicholas M. - In: Contemporary economics 10 (2016) 2, pp. 163-174

This paper examines the dynamic impact of both bank- and market-based financial development on economic growth in Australia during the period from 1980 to 2012. The study uses the autoregressive distributed lag (ARDL) bounds testing approach to examine this linkage. Unlike certain previous...

Persistent link: https://www.econbiz.de/10011515870

Institutional quality, trade openness, and financial sector development in Asia : an empirical investigation

Thai-Ha Le; Kim, Jungsuk; Lee, Minsoo - 2015

We examine the determinants of financial development in Asia and the Pacific from 1995 to 2011. To do so, we apply the dynamic generalized method of moments to a panel data set of 26 economies in the region. We find that better governance and institutional quality foster financial development in...

Persistent link: https://www.econbiz.de/10011346239

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

The finance-growth nexus in Asia : a meta-analytic approach

Anwar, Amar Iqbal; Iwasaki, Ichirō - In: Asian development review : studies of Asian and pacific … 40 (2023) 1, pp. 13-48

This paper features a meta-analysis of the effects of financial development and liberalization on macroeconomic growth in Asia. A meta-synthesis of 748 estimates extracted from 75 previous studies indicates that the growthenhancing effect of finance reaches an economically meaningful scale in...

Persistent link: https://www.econbiz.de/10014333426

The effect of financial development on economic growth among the Central and Eastern European countries

Tang, Donny - In: Central European economic journal 11 (2024) 58, pp. 406-423

To control for the endogeneity problem, this study applies the two-stage least squares technique to examine the impact of bank and stock market development on economic growth in the thirteen Central and Eastern European (CEE) countries in the European Union (EU) during 2001-2020. The first...

Persistent link: https://www.econbiz.de/10015415526

Derivative markets and economic growth : a South African perspective

Stevens, Matthew; Vermeulen, Cobus - In: Economies : open access journal 12 (2024) 11, pp. 1-21

It is well established that financial development and innovation promote economic growth through improving the allocation of capital, enhancing risk management, contributing to price discovery, and increasing market efficiencies. While a vast empirical literature is devoted to the nexus between...

Persistent link: https://www.econbiz.de/10015197706

Economic growth in oil-exporting countries : do stock market and banking sector development matter? ; evidence from Nigeria

Nwani, Chinazaekpere; Orie, Jacob Bassey - In: Cogent economics & finance 4 (2016) 1, pp. 1-11

growth in Nigeria over the period 1981-2014 using the autoregressive distributed lag (ARDL) approach to co …-integration analysis. Controlling for the possible effects of crude oil price and trade openness on economic activities in Nigeria, this … study found both stock market and banking sector development insignificant in influencing economic growth in Nigeria. In …

Persistent link: https://www.econbiz.de/10011450677

Financial integration in a Sub-Saharan country : an empirical investigation of Nigeria's financial sector reform through rational institutional evolution

Maharaj, Jassodra - In: Applied economics quarterly 59 (2013) 2, pp. 167-196

Persistent link: https://www.econbiz.de/10015185670

Interest rate reforms and financial deepening in Nigeria

Obamuyi, Tomola Marshal; Demehin, J. Adeniyi - In: The international journal of business and finance … 6 (2012) 2, pp. 81-90

Persistent link: https://www.econbiz.de/10009389636