Financial Development and Economic Growth: An Egg‐and‐Chicken Problem?

By Jordan Shan, A. Morris, Fiona Sun. 2001

190 citations recorded by the source corpus.

Subfields: Accounting, Economics and Econometrics, Information Systems

View Paper: https://www.semanticscholar.org/paper/79822a871dda3a34be5eb8caa5ca847a573d5923

How researchers see this paper

The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.

In Accounting

1. M. Thiel
2. Nicholas M. Odhiambo
3. Jordan Shan
4. Chen Hao
5. M. Feridun
6. Mohamed Omran
7. Sami Ghazouani
8. A. Jalil

In Economics and Econometrics

1. Muhammad Shahbaz
2. Ilhan Ozturk
3. Chen Hao
4. M. Feridun
5. M. Thiel
6. Nicholas M. Odhiambo
7. A. Jalil
8. Jordan Shan

In Information Systems

1. Chen Hao
2. M. Thiel
3. Nicholas M. Odhiambo
4. Jordan Shan
5. Ying Ma
6. Sami Ghazouani
7. A. Jalil
8. Y. Wolde‐Rufael

Citations in the corpus

• The determinants of stock market development in the Middle‐Eastern and North African region (2007, background): “Most of the evidence quoted above uses banks-based measures of financial development such as total lending by non-bank public per capita, bank credit to GDP (Shan et al., 2001) and broad money to GDP (Rousseau and Sylla, 2001).”
• Does financial development ‘lead' economic growth? A vector auto-regression appraisal (2005, background): “The plots, overall, suggest that financial development does not ‘lead’ economic growth, productivity and investment growth and are broadly in accord with the variance decomposition results and the work of Shan et al. (2001).”
• Development of financial intermediation and economic growth: The Chinese experience (2006, background): “See Aziz and Duenwald (2002); Boyreau-Debray (2003); Shan, Morris and Sun (2001) and Shan and”
• Financial Development and Economic Growth: New Evidence From Panel Data (2007, unknown): “This result is consistent with he findings of Shan et al. (2001), and Demetriades and Hussein 1996), who found bi-directional causality between finance and rowth, and contrary to Christopoulos and Tsionas (2004), who ound that the direction is from finance to growth.”
• What are Borders Made of? An Analysis of Barriers to European Banking Integration (2008, unknown): “In order to handle the possible endogeneity of firm size (e.g., Demirg¨ uc ¸-Kunt and Maksimovic 1998, Shan et al. 2001, Allen et al. 2005), we also employ instrumental variables (IV) estimators.”
• Finance-investment-growth nexus in South Africa: an ARDL-bounds testing procedure (2010, background): “ Shan et al. (2001) , while examining the relationship between financial development and economic growth in nine OECD countries and China, find little support for the hypothesis that finance ‘‘leads’’ economic growth, and they caution against drawing such a general conclusion.”
• Finance-growth nexus in China revisited: New evidence from principal components and ARDL bounds tests (2010, background): “Although there exists a plethora of theoretical and empirical studies investigating the sources of economic growth in China (see, for example, Chow, 1993; Borensztein & Ostry, 1996; Yu, 1998; Wu, 2000; Shan et al., 2001; Chow & Li, 2002; Hao, 2006, and Liang & Teng, 2006), the role of financial deve”
• Finance and economic growth - a review of theory and the available evidence (2001, result): “Shan et al. (2001) confirm this finding in a sample of 9 OECD countries.”
• How much do we really know about growth and finance (2003, unknown): “Similar problems are noted by Shan, Morris, and Sun (2001) in VAR analyses of the OECD countries.”