Financial development and economic growth: Convergence or divergence?

By M. Fung. 2009

307 citations recorded by the source corpus.

Subfields: Economics and Econometrics, Information Systems

View Paper: https://www.semanticscholar.org/paper/340f4c0c5fc3903dcd8c5758784c3b1429046f8d

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Citations in the corpus

Institutional Quality and Economic Growth: The Case of Emerging Economies (2018, result): “This confirms the converging trend in economic growth among emerging markets, and this is consistent with the converging theory in economic growth field [34] [35].”
Financial Stability and Economic Performance (2015, unknown): “King and Levine (1993) found that financial development indicators are positively associated with capital accumulation, total factor productivity growth and GDP growth.”
Mobile phones, institutional quality and entrepreneurship in Sub-Saharan Africa (2017, background): “The information criterion of convergence is when the absolute value corresponding to the lagged estimated outcome variable is between zero and one (see Fung, 2009; Asongu, 2014).”
Causal nexus between economic growth, banking sector development, stock market development, and other macroeconomic variables: The case of ASEAN countries (2014, background): “…is debated that poor countries with a weakened financial system are trapped in a vicious circle, where low levels of financial development, in both the banking sector and the stock market, lead to low economic performance and low economic performance leads to low financial development (Fung, 2009).”
How do financial globalization, institutions and economic growth impact financial sector development in European countries? (2020, background): “…up in stating that the development of both baking sector and stock market (financial development) plays a vital role in enhancing the long-run growth of an economy (Rajan and Zingales 1998, Beck et al. 2000, Levin 2003, Liu and Hsu 2006, Ang 2008, Fung 2009, Sun et al. 2011, Hsueh et al. 2013).”
Economic growth, financial development and trade openness in Nigeria: An application of the ARDL bound testing approach (2016, background): “This position was further advanced by Fung (2009) and Menyah, Nazlioglu, and Wolde-Rufael (2014) who observed that economies with advanced financial development tend to grow faster and expand trade.”
The Mobile Phone in the Diffusion of Knowledge for Institutional Quality in Sub-Saharan Africa (2016, unknown): “income convergence that have been substantially documented within the frameworks of neoclassical growth models (Solow, 1956; Swan, 1956; Baumol, 1986; Barro, 1991; Mankiw et al., 1992; Barro & Sala-i-Martin, 1992, 1995; Fung, 2009) and currently being extended to”
Financial development and energy consumption in Central and Eastern European frontier economies (2011, background): “8 http://ec.europa.eu/economy_finance/euro/index_en.htm 9 See Levine (1997), Xu (2000), and Fung (2009) for the main theory behind how and why financial development affects economic growth.”
Knowledge Economy Gaps, Policy Syndromes, and Catch-Up Strategies: Fresh South Korean Lessons to Africa (2015, unknown): “…and recently extended to other fields of economic development (Swan 1956; Barro 1991; Mankiw et al. 1992; Solow 1956; Baumol 1986; Barro and Sala-i-Martin 1992, 1995; Narayan et al. 2011; Andrés and Asongu 2013a, b; Fung 2009; Mayer-Foulkes 2010; Bruno et al. 2012; Asongu 2013a, b, c, 2014a, b, c).”
Does financial development intensify energy consumption in Saudi Arabia (2017, background): “There have been voluminous empirical studies linking the relationship between economic growth and financial development (Levin, 1997; Fung, 2009; Shahbaz, 2012, Shahbaz et al. 2015).”
The impact of financial development on energy consumption in emerging economies (2010, background): “More specifically, there are two different channels through which financial development can lead to economic growth (Fung, 2009).”