Financial Deepening and Economic Growth Linkages: A Panel Data Analysis
By N. Apergis, Ioannis Filippidis, C. Economidou. 2007
297 citations recorded by the source corpus.
The paper examines whether a long-run relationship between financial development and economic growth exists employing panel integration and cointegration techniques for a dynamic heterogeneous panel of 15 OECD and 50 non-OECD countries over the period 1975–2000. Three different measures of financial deepening are used to capture the variety of different channels through which financial development can affect growth. Our findings support the existence of a single long-run equilibrium relation between financial deepening, economic growth and a set of control variables. Further, the evidence points to a bi-directional causality between financial deepening and growth.
Subfields: Economics and Econometrics
View Paper: https://www.semanticscholar.org/paper/a371ab7687f1a2ee82414ca95de8e91b649de4d9
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In Economics and Econometrics
Citations in the corpus
- Financial Development and Income Inequality: Is There Any Financial Kuznets Curve in Iran? (2014, unknown): “t t t t t t t G G IN F Y IE 2 66 55 44 33 2 11 ln ln ln ln ln ln (4)”
- Further Evidence on Finance-Growth Causality: A Panel Data Analysis (2011, methodology): “Ainsi, on peut avancer que les séries sont I(1) cest-à-dire intégrées dordre 1, et nous autorisent à réaliser les tests de cointégration entre le développement nancier et la croissance économique sur données de panel.”