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 …

This paper investigates the effect of bank competition and financial stability on economic growth by examining panel …-data from 38 European countries over 2001 to 2017. Bank competition is measured with the Boone indicator, and bank stability … effect of economic growth, and reverse causality in its estimation. Results show that bank stability significantly …

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 …