THE FINANCIAL DEVELOPMENT AND GROWTH NEXUS: A META-ANALYSIS

被引：67

作者：

Arestis, Philip ^{[1
,2
]}

Chortareas, Georgios ^{[3
,4
]}

Magkonis, Georgios ^{[5
]}

机构：

[1] Univ Cambridge, Cambridge CB2 1TN, England

[2] Univ Basque Country, Leioa, Vizcaya, Spain

[3] Kings Coll London, London WC2R 2LS, England

[4] Univ Athens, GR-10679 Athens, Greece

[5] Univ Bradford, Bradford BD7 1DP, W Yorkshire, England

来源：

JOURNAL OF ECONOMIC SURVEYS | 2015年 / 29卷 / 03期

关键词：

Financial development; Growth; Meta-analysis; ECONOMIC-GROWTH; STOCK MARKETS; INTERMEDIATION; BANKS; REEXAMINATION; INTEGRATION; INVESTMENT; THRESHOLDS; COUNTRIES; IMPACT;

D O I：

10.1111/joes.12086

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

We conduct a meta-analysis of the literature of financial development and economic growth. We cover a large number of empirical studies and estimations that have been published in journal articles. We measure the degree of heterogeneity and identify the causes of the observed differentiation. Among the most significant factors behind this heterogeneity is the choice of financial-variable proxies, the kind of data used as well as whether a study takes into account the issue of endogeneity. Our results suggest that the empirical literature on the finance-growth nexus is not free from publication bias. Also, a genuine positive effect exists between financial development and economic growth.

引用

页码：549 / 565

页数：17

共 50 条

[1] FINANCIAL DEVELOPMENT AND ECONOMIC GROWTH: A META-ANALYSIS
Valickova, Petra
Havranek, Tomas
Horvath, Roman
JOURNAL OF ECONOMIC SURVEYS, 2015, 29 (03) : 506 - 526
[2] The effect of financial development on economic growth: a meta-analysis
Bijlsma, Michiel
Kool, Clemens
Non, Marielle
APPLIED ECONOMICS, 2018, 50 (57) : 6128 - 6148
[3] The finance-growth nexus in China: a meta-analysis
Guo, Fei
He, Shi
APPLIED ECONOMICS LETTERS, 2020, 27 (13) : 1071 - 1075
[4] Financial development-economic growth nexus: a bibliometric analysis
Keh, Chia-Guan
Gan, Pei-Tha
Gamal, Awadh Ahmed Mohammed
Ramli, Norimah
ENVIRONMENT DEVELOPMENT AND SUSTAINABILITY, 2024,
[5] Financial liberalization and economic growth: A meta-analysis
Bumann, Silke
Hermes, Niels
Lensink, Robert
JOURNAL OF INTERNATIONAL MONEY AND FINANCE, 2013, 33 : 255 - 281
[6] Financial development and income inequality: A meta-analysis
Chletsos, Michael
Sintos, Andreas
JOURNAL OF ECONOMIC SURVEYS, 2023, 37 (04) : 1090 - 1119
[7] Financial development and economic growth nexus in Africa
Manu, Emmanuel K.
Wen, Xuezhou
Paintsil, Isaac O.
Gyedu, Samuel
Ntarmah, Albert H.
BUSINESS STRATEGY AND DEVELOPMENT, 2020, 3 (04): : 506 - 521
[8] Financial Development and Economic Growth Nexus: The Moroccan Case
Abouch, Mohamed
Ezzahid, Elhadj
INDONESIAN CAPITAL MARKET REVIEW, 2011, 3 (01) : 25 - 40
[9] Financial development and economic growth nexus: A rejoinder to Tsionas
Nyasha, Sheilla
Odhiambo, Nicholas Mbaya
ECONOMIC NOTES, 2019, 48 (02)
[10] Financial Development Thresholds and the Remittances-Growth Nexus
Bangake, Chrysost
Eggoh, Jude
JOURNAL OF QUANTITATIVE ECONOMICS, 2020, 18 (02) : 425 - 445

← 1 2 3 4 5 →