How much do we really know about growth and finance

By P. Wachtel. 2003

180 citations recorded by the source corpus.

Subfields: Economics and Econometrics, Information Systems

View Paper: https://www.semanticscholar.org/paper/f56195c3e4a7ee0951bdfee24f9247f9adb6994b

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Citations in the corpus

Same Financial Development yet Different Economic Growth--Why? (2006, background): “Wachtel (2003) and Driffill (2003) have argued that empirical literature has not yet adequately explained what happens when financial development causes growth.”
The Role of Stock Market Development in Economic Growth: Evidence from Some Euronext Countries (2010, background): “More precisely, the causality runs from stock market proxies to economic growth shows a significant relation between market capitalization, total trade value and turnover ratio on the GDP and FDI.”
Nonlinear dynamics of the finance-inequality nexus in developing countries (2012, background): “It is widely accepted that financial deepening constitutes a potentially important mechanism for sustaining long-term economic growth (see [1, 5, 8–12, 15, 18, 19, 22, 24], and many others).”
What is happening to the impact of financial deepening on economic growth (2011, unknown): “Wachtel (2003) and “Finance causes growth: Can we be so sure?””
A Survey Of Recent Developments In The Literature Of Finance And Growth (2008, background): “Wachtel (2003) argues that holding country-specific effects constant in panel regressions would generate a spurious aggregate relationship as the reported relationship between financial development and economic growth is due to between-country differences rather than within country differences over…”
Is the Relationship between Financial Development and Economic Growth Monotonic? Evidence from a Sample of Middle Income Countries (2015, unknown): “Recent empirical studies, however, offer contradictory evidence (see Kaminsky and Reinhart, 1999; Deidda and Fattouh, 2002; Wachtel, 2003; Favara, 2003; Rousseau and Wachtel, 2011and Arcand et al., 2011 and Demetriades and Rousseau, 2011).”
Causal nexus between economic growth, banking sector development, stock market development, and other macroeconomic variables: The case of ASEAN countries (2014, unknown): “…Bangake & Eggoh, 2011; Beck, Levine, & Loayza, 2000; Chow & Fung, 2011; Fase & Abma, 2003; Herwartz & Walle, 2014; Jung, 1986; King & Levine, 1993a,b; Levine, 2003; Levine, Loayza, & Beck, 2000; Mukhopadhyay, Pradhan, & Feridun, 2011; Wachtel, 2003; Rousseau & Yilmazkuday, 2009; Yucel, 2009).”
Investigating Diversity in the Banking Sector in Europe: The Performance and Role of Savings Banks (2009, unknown): “3 Wachtel (2003).”
Does financial development cause economic growth? Implication for policy in Korea (2008, background): “…and his co-authors (Hoover & Perez, 1994a,b; Hoover & Sheffrin, 1992; Hoover & Siegler, 2000).5 Another is the superexogeneity concept of Engle, Hendry, and 1 For recent surveys of the literature on the growth-finance nexus and related major research issues, see Levine (1997) and Wachtel (2003).”
Further Evidence on the Link between Finance and Growth: An International Analysis of Community Banking and Economic Performance (2003, unknown): “See Wachtel (2003) for a recent review.”