The Relationship between Financial Deepening and Economic Growth in Taiwan

被引：0
|
作者：
Chang, Shu-Chen [1 ]
Wu, Cheng-Hsien [1 ]
机构：
[1] Natl Formosa Univ, Grad Inst Business & Management, Huwei 632, Yunlin, Taiwan
来源：
BUSINESS, ECONOMICS, FINANCIAL SCIENCES, AND MANAGEMENT | 2012年 / 143卷
关键词：
Financial deepening; economic growth; threshold cointegration model;
D O I：
暂无
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
The goal of this paper is to investigate the threshold cointegration effect of financial deepening on economic growth in Taiwan over the period from 1981 to 2010. The results show that a threshold cointegration effect exists in relationship between financial deepening and economic growth. In short-run, economic growth has a significant and positive effect on financial deepening in the high-growth regime. This implies that economic growth can stimulate financial deepening in Taiwan in the high-growth regime. In addition, the impact of financial deepening on economic development has a significant and positive effect in the high- and low- growth regimes. Thus, financial deepening can increase economic growth in Taiwan.
引用
收藏
页码：205 / 210
页数：6
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