Arbeitspapier
Financial structure and economic growth
Recent empirical work on financial structure and economic growth analyzes multi-country dataset in panel and/or cross-section frameworks and concludes that financial structure is irrelevant. We highlight their shortcomings and re-examine this issue utilizing a time series and a Dynamic Heterogeneous Panel methods. Our sample consists of fourteen countries. Tests reveal that cross-country data cannot be pooled. Financial structure significantly explains output levels in most countries. The results are rigorously scrutinized through bootstrap exercises and they are robust to extensive sensitivity tests. We also test for several hypotheses about the prospective role of financial structure and financial development on economic growth.
- Sprache
-
Englisch
- Erschienen in
-
Series: Cardiff Economics Working Papers ; No. E2008/3
- Klassifikation
-
Wirtschaft
- Thema
-
Wirtschaftswachstum
Finanzsektor
Kointegration
Bootstrap-Verfahren
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Luintel, Kul B.
Khan, Mosahid
Arestis, Philip
Theodoridis, Konstantinos
- Ereignis
-
Veröffentlichung
- (wer)
-
Cardiff University, Cardiff Business School
- (wo)
-
Cardiff
- (wann)
-
2008
- Handle
- Letzte Aktualisierung
-
20.09.2024, 08:20 MESZ
Datenpartner
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Luintel, Kul B.
- Khan, Mosahid
- Arestis, Philip
- Theodoridis, Konstantinos
- Cardiff University, Cardiff Business School
Entstanden
- 2008
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