Does financial development ‘lead' economic growth? A vector auto-regression appraisal

By Jordan Shan. 2005

241 citations recorded by the source corpus.

View Paper: https://www.semanticscholar.org/paper/8733afdec5a1d41b8dc979d6935195b448a7892d

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Citations in the corpus

Financial development and the FDI-growth nexus: the Malaysian experience (2009, result): “The results that financial sector development plays a catalyst role in output expansion are, by and large, in line with the literature on finance and development (see, e.g. Levine, 1997; Ang and McKibbin, 2007; Chang and Caudill, 2005; Shan, 2005; Thiessen, 2005).”
The impact of the financial system on economic growth in the context of the global crisis: empirical evidence for the EU and OECD countries (2017, background): “Existing empirical research confirms different theoretical approaches in this area (see: Shan et al. 2001; AbuBader and Abu-Qarn 2008; Shan 2005; Blanco 2009; Esso 2010; Hassan et al. 2011).”
Financial Development and Income Inequality: Is There Any Financial Kuznets Curve in Iran? (2014, background): “Similarly; Goldsmith (1969), Mckinnon (1973), King and Levine (1993), Pagano and Volpin (2001), Christopoulos and Tsionas (2004), Shan (2005), Ma and Jalil (2008) and Shahbaz (2010) paid their attention to identify the degrees as well as effectiveness of financial development on sustained economic…”
Does financial development affect growth? (2009, background): “Shan (2005) for a sample of 10 OECD countries and China finds, at best, weak support *Corresponding author.”
Natural Gas Consumption and Economic Growth in Pakistan (2013, methodology): “A system of equations is used to examine the impact of one standard deviation shock stemming in the variable on the other variables as well as on the future of the shocked series (Shan, [46]).”
Energy consumption and economic growth: The experience of African countries revisited (2009, background): “By doing so, we can assess how each variable responds to the innovation of other variables in the system and also evaluate how important is the causal impact of energy on economic growth relative to capital and labor (Shan, 2005).”
CO2 emissions, nuclear energy, renewable energy and economic growth in the US (2010, background): “The causality test presented above indicates only Granger causality within the sample period and does not allow us to gauge the relative strength of the Granger causality among the series beyond the sample period (Payne, 2002; Shan, 2005).”
Financial development and income inequality in Pakistan: An application of ARDL approach (2011, background): “Available evidence tends to confirm that in the long run, well performing and developed banking/financial system helps capital accumulation, promotes economic efficiency and supports sustained economic growth(4) (see, Goldsmith, 1969; Mckinnon, 1973; King and Levine, 1993; Khan, 2000; Pagano and Vol”
Financial development, trade openness and economic growth in African countries: New insights from a panel causality approach (2014, background): “Shan (2005) provides empirical evidence to buttress that view by showing that a well functioning and liberalized financial system did not precede the spectacular economic growth of someAsian countries, including China, Japan andKorea.”