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This paper examines the dynamic impact of both bank- and market-based financial development on economic growth in … to examine this linkage. Unlike certain previous studies, this study uses both bank- and market-based financial …
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This paper has tested whether bank-based financial development and market-based financial development are complements …-Bounds-testing approach to carry out the test. The study also employs the method of means-removed average to construct both bank-based and … market-based financial development indices. The results of this study show that while in the usa and Brazil, bank-based and …
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neutral. Furthermore, when controlling for the sectoral allocation of financing, no specific instrument - e.g. bank credit or …
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