FINANCIAL DEVELOPMENT AND ECONOMIC GROWTH

By Velimir Šonje. 2002

1,331 citations recorded by the source corpus.

relationship. All subsequent studies confirmed it (see for example King and Levine, 1993, and the review in: Pagano, 1993). Goldsmith used a sample of 35 countries for the period between 1860 and 1963 to show the relationship between income and financial depth measured by the ratio between bank's assets and GDP. He also showed that in periods of rapid growth, financial depth grows faster than income. More details about measuring financial depth can be found in this paper. FINANCIAL DEVELOPMENT AND ECONOMIC GROWTH Velimir Šonje

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Citations in the corpus

Financial development and economic growth nexus in the MENA countries: Bootstrap panel granger causality analysis (2011, background): “In the literature, the most commonly used measure of financial development for monetary aggregates is the ratios of narrow (M1) and broad measure of the money stock (M2) to the level of nominal income (King and Levine, 1993a,b; Wood, 1993; Murinde and Eng, 1994a,b; Lyons and Murinde, 1994; Berthelem”
A Survey Of Recent Developments In The Literature Of Finance And Growth (2008, background): “As De Gregorio and Guidotti (1995) put forward, this is misleading since high interest rates may reflect a lack of confidence in economic policy and the banking system, and the adoption of more risky behaviour in investment undertakings. 6.3.1 McKinnon’s (1973) model McKinnon (1973) criticizes both ”
Does financial development affect growth? (2009, background): “…1995 and Brownbridge and Kirkpatrick, 2000), a high value of credit to the private sector, in cases of over-lending or careless lending, could actually lead to a reduction in economic growth, due to its association with high, but less efficient, investment (De Gregorio and Guidotti, 1995).”
Nexus between foreign direct investment and economic growth in Bangladesh: an augmented autoregressive distributed lag bounds testing approach (2020, background): “Therefore, the host countries should facilitate a financial liberalization and stabilization policy before experiencing any increase in FDI (De Gregorio and Guidotti 1995).”
Financial Development and Economic Growth in Turkey: Further Evidence on the Causality Issue (2000, methodology): “(See, for example, Jung (1986), Rubini and Sala-i-Martin (1992), Demetriades and Hussein (1996) and Luintel and Khan (1999)). The second trend in the empirical literature is to examine the hypothesis for a particular country using time series techniques, as for example, Murinde and Eng, (1996) for S”
The Role of Stock Market Development in Economic Growth: Evidence from Some Euronext Countries (2010, result): “The results corroborate with existing empirical works (Levine 1997, Mauro 2000, De Gregorio and Guidotti 1995, G.RSOY, C. T., Al-Aali, H. 2000).”
INFLATION AND FINANCIAL DEPTH (2001, methodology): “Finally, Khan and Senhadji (2000), in the most recent study of this subject, find that the effect of financial development on growth is positive, although the size of the effect varies with different measures of financial development, estimation method, data frequency, and the functional form of…”
Financial Development and Economic Growth: Panel Evidence From BRICS (2019, background): “With respect to causality between financial development and growth studies like Jung (1986) found a bidirectional causality between real and financial variables on the basis of JEFAS 24,47 118 data collected for 56 countries in the postwar period, including 19 developed industrial economies.”
Financial Stability and Economic Performance (2015, unknown): “Arestis and Demetriades (1997) compare the finance-GDP growth link in Germany and in the United States.”