This study provides new evidence on the relationship between finance and economic growth using an innovative dynamic … panel threshold technique. The sample consists of 87 developed and developing countries. The empirical results indicate that … there is a threshold effect in the finance-growth relationship. In particular, we find that the level of financial …

This study provides new evidence on the relationship between finance and economic growth using an innovative dynamic … panel threshold technique. The sample consists of 87 developed and developing countries. The empirical results indicate that … there is a threshold effect in the finance–growth relationship. In particular, we find that the level of financial …

result of panel data regressions is that both conventional and Islamic banks have fuelled economic growth, with the latter …

. Identification relies on the dependence on external finance in each industry and the regional demarcation of regional banking markets …

threshold effects in a dynamic panel where a group of explanatory variables can be endogenous. Our results do not confirm the … vanishing effect of finance on economic growth. We found a threshold of 96.5% (significant at the 5% level) for the credit …