What is happening to the impact of financial deepening on economic growth

By Peter L. Rousseau, P. Wachtel. 2011

727 citations recorded by the source corpus.

Subfields: Finance, Strategy and Management

View Paper: https://www.semanticscholar.org/paper/16cb282506b818353f153c8226b55c2bfcbc836a

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Citations in the corpus

Financial Structure and Growth (2014, result): “…advanced economies, suggesting that they have reached the point of negative returns to greater financial deepening.7 These results are in line with the findings of Rousseau and Wachtel (2008): the finance-growth relationship so firmly entrenched in the literature is less strong in more recent data.”
Too Much Finance? (2012, unknown): “…that they set their threshold for the "high region" at a level of nancial depth which is much lower than the level for which we start nding that nance has a negative e¤ect on growth.7 Our results are instead consistent with the vanishing e¤ect of nancial depth found by Rousseau and Wachtel (2011).”
Too much finance? (2015, unknown): “Our results are instead consistent with the “vanishing effect” of financial depth found by Rousseau and Wachtel (2011).”
Thresholds in the Finance-Growth Nexus : A Cross-Country Analysis (2011, methodology): “, covering the period 1960 to 2004) recently obtained by Rousseau and Wachtel (2011). Therefore, the analysis is limited to the two financial measures as described earlier.”
Financial Development and Foreign Direct Investment—The Moderating Role of Quality Institutions (2020, methodology): “Aligned with previous literature, we use the following controls; human capital—understood as the skilled labor force—can make a country attractive to foreign investors as a major source of absorptive capacity for example [65–68]; real GDP per capita is often used as a proxy for the income level of c”
Financial development, institutional investors, and economic growth (2017, methodology): “Finally, an increase in the equity markets, a method to substitute debt financing, reduces the effect of financial development on economic growth (Fink, Haiss, & Vuksic, 2009; Rousseau & Wachtel, 2011).”
Is the Relationship between Financial Development and Economic Growth Monotonic? Evidence from a Sample of Middle Income Countries (2015, background): “, 2012; Cecchetti and Kharroubi, 2012), or that this impact seems to have evaporated in recent data (Rousseau and Wachtel, 2011).”
Financial development, real sector, and economic growth (2015, background): “Rousseau & Wachtel (2011) argue that the positive effect of financial deepening weakens over time regardless of a country’s level of development.”
Financial development and economic growth: Evidence from a panel of 16 African and non-African low-income countries (2018, background): “In line with this, Arcand, Berkes, and Panizza (2015) and Rousseau and Wachtel (2011) found vanishing effect of financial development on economic growth.”
Financial development and economic growth in Nigeria: Evidence from threshold modelling (2015, background): “Interestingly, a recent support appears in Rousseau and Wachtel (2011) where the conclusion is that the link between finance and growth might be more complex than suggested by linear models.”
Finance and economic growth in OECD and G20 countries (2015, methodology): “In a second robustness check, five-year averages are calculated for all variables (Table 6), as in many papers studying the finance-growth link, including Arcand et al. (2012), Beck et al. (2000), Law and Singh (2014) and Rousseau and Wachtel (2011).”