Financial Intermediation and Growth: Causality and Causes

By Ross Levine, Norman V. Loayza, Thorsten Beck. 2000

5,067 citations recorded by the source corpus.

Subfields: Economics and Econometrics, Finance, Information Systems

View Paper: https://www.semanticscholar.org/paper/f9db587627ba80fc3d2b5135ba8d80f93b629079

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Citations in the corpus

Openness can be good for Growth: The Role of Policy Complementarities (2005, neutral): “Rodríguez and Rodrik (2001) review the theoretical arguments as to why openness can be detrimental to developing countries.”
What Drives Corporate Liquidity? An International Survey of Cash Holdings and Lines of Credit (2010, positive): “At the country level, we include the ratio of private credit to GDP [Levine et al. (2000)] as an explanatory variable because differences in credit market development will likely affect the demand for and supply of corporate liquidity.”
Does Foreign Direct Investment Promote Economic Growth? Evidence from a Threshold Regression Analysis (2008, background): “Inflation Percentage changes in the consumption price index IFS Trade volume Sum of exports and imports as a share of real GDP World Bank (2007) Corruption Measure of corruption, with the scale readjusted to 0 Levine et al. (2000) Bureaucracy Average of three indices which are the efficiency of the ”
Political Institutions and Policy Volatility (2004, neutral): “…more stable or predictable economic policies (Ahn and Hemmings, 2000; Collier and Gunning, 1999; Frankel and Romer, 1996; Nelson and Singh, 1998; Sachs and Warner, 1995), and financial market development (Bekaert et al., 2001; Levine and Zervos, 1998; Levine et al., 2000; Rajan and Zingales, 1998).”
Growth and Structural Reforms: A New Assessment (2009, positive): “…exercise as a proxy for the growth of aggregate total factor productivity, which many papers have shown to be a main driver of long-term growth (see, e.g., Hall and Jones, 1999, and Beck et al., 2000).10 As a proxy for capital accumulation, we consider the ratio of gross capital formation to GDP.”
Finance and Income Inequality: Test of Alternative Theories (2003, background): “11 In similar regressions of financial sector development on economic growth, Levine (1997b; 1999) fails to reject the null hypothesis that the over-identifying restrictions are valid. credit is statistically significant and positive when private credit is used as the measure of financial sector…”
Does Financial Development Cause Economic Growth? A Panel Data Dynamic Analysis for the Asian Developing Countries (2006, methodology): “Apart from avoiding the problem of a short span of time series data for a causality type study for several countries, a GMM panel data analysis has several advantages over cross-sectional or time-series in the following ways: (a) working with a panel, we gain degrees of freedom by adding the variabi”