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Financial development and economic growth : evidence from a panel of 16 African and non-African low-income countries
Bist, Jagadish Prasad - In: Cogent economics & finance 6 (2018) 1, pp. 1-17
This paper aims to investigate the long-run relationship between financial development and economic growth using panel … unit root and panel cointegration analysis in 16 selected low-income countries for the period of 20 years from 1995 to 2014 … exists a cross-sectional dependence across the countries. The Pedroni’s panel cointegration analysis provides clear support …
Persistent link: https://www.econbiz.de/10011904249
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Finance-growth nexus and the p-bias : evidence from OECD countries
Hahn, Franz R. - 2004
economic growth in OECD countries. Using new dynamic panel regression techniques, these appraisals indicate that within the …
Persistent link: https://www.econbiz.de/10011494195
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Impact of financial development on economic growth in the WAMZ : a heterogeneous panel data approach
Diallo, Ibrahima; Mendy, Isatou - In: West African journal of monetary and economic integration 17 (2017) 1, pp. 1-18
) from 1990 through 2015 using a Heterogeneous Panel Data Approach. The study made use of Two (2) financial indicators …
Persistent link: https://www.econbiz.de/10013348358
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Financial Structure and Growth
Gambacorta, Leonardo - 2014
Up to a point, banks and markets both foster economic growth. Beyond that limit, expanded bank lending or market-based financing no longer adds to real growth. But when it comes to moderating business cycle fluctuations, banks and markets differ considerably in their effects. In normal...
Persistent link: https://www.econbiz.de/10013052174
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Non-linearities in the relationship between finance and growth
Panizza, Ugo - 2017
This paper reviews the empirical literature on the links between finance and growth with a special focus on the empirical literature that has shown that the marginal contribution of financial depth to economic growth becomes negative in countries with large financial sectors (the "too much...
Persistent link: https://www.econbiz.de/10011658037
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The vanishing effect of finance on growth
Gründler, Klaus - 2015
This paper investigates the causes of the "vanishing effect of finance" detected in recent studies. The results highlight that the negative effect of the financial system on growth is mainly driven by advanced economies, whereas finance is still beneficial for income increases in developing...
Persistent link: https://www.econbiz.de/10011391918
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Is the relationship between financial development and economic growth monotonic? : evidence from a sample of middle income countries
Samargandi, Nahla; Fidrmuc, Jan; Ghosh, Sugata - 2014
We revisit the relationship between financial development and economic growth in a panel of 52 middle income countries … over the 1980-2008 period, using pooled mean group estimator in a dynamic heterogeneous panel setting. We show that …
Persistent link: https://www.econbiz.de/10010340261
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Financial Development and Inclusion in the Caribbean
Li, Chuan - 2018
Many Caribbean financial systems are relatively well developed for their size but benefits are concentrated in a small part of the population. In several large countries, the financial development levels are below what is warranted by that country's own macroeconomic fundamentals. SMEs, in...
Persistent link: https://www.econbiz.de/10012922629
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Investment in Relationship-Specific Assets : Does Finance Matter?
Strieborny, Martin - 2015
Banks (but not stock markets) promote economic growth by facilitating relationship-specific investment between buyers and suppliers of intermediate goods. Combined insights from literature on signaling role of banks and on relationship-specific investment motivate this economic channel: A...
Persistent link: https://www.econbiz.de/10013037905
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Advancing Financial Development in Latin America and the Caribbean
Heng, Dyna - 2016
This paper examines the state of financial development in the Latin America and Caribbean (LAC) region as well as potential growth and stability implications from further development. The analysis suggests that access to financial institutions has expanded notably in the past decade, and the...
Persistent link: https://www.econbiz.de/10012982424