Regional evidence on the finance-growth Nexus

Arbeitspapier

The Finance-Growth Nexus is a classical source of debate among economists. This contribution offers regional evidence on this issue in order to see if it can meet the data within a 140 years old economic union -- Italy -, in the ideal context for its main competitor - New Economic Geography - and in order to avoid pooling between developed and developing countries. The results for this application support the view that finance leads growth, reject its possible endogeneity and shows its robustness even in presence of spatial unobserved heterogeneity by using both cross-section and panel data estimators.

Object Details

• Language: Englisch

References and Relationships

• Bibliographic citation: Series: Kiel Working Paper ; No. 1285

Classification and Topics

• Classification: Wirtschaft ; Economic Development: Urban, Rural, Regional, and Transportation Analysis; Housing; Infrastructure ; Economic Development: Financial Markets; Saving and Capital Investment; Corporate Finance and Governance ; Multiple or Simultaneous Equation Models: Cross-Sectional Models; Spatial Models; Treatment Effect Models; Quantile Regressions; Social Interaction Models
• Subject: Growth ; Regions ; Cross-Section Analysis ; Panel Data Analysis ; Finance ; Finanzintermediär ; Wirtschaftswachstum ; Regionaler Finanzmarkt ; Regionales Wachstum ; Schätzung ; Theorie ; Italien

Contributors, Location and Time

• Event: Geistige Schöpfung
• (who): Vaona, Andrea
• Event: Veröffentlichung
• (who): Kiel Institute for the World Economy (IfW)
• (where): Kiel
• (when): 2006

Further information

• Handle: http://hdl.handle.net/10419/3844
• Last update: 20.09.2024, 8:23 AM CEST