The Relationship between Financial Development and Economic Growth in European Countries

被引：0
|
作者：
Fuinhas, Jose Alberto [1 ,2 ]
Filipe, Miguel Dias [3 ]
Belucio, Matheus [3 ,4 ]
Marques, Antonio Cardoso [5 ]
机构：
[1] Univ Coimbra, NECE UBI, Coimbra, Portugal
[2] Univ Coimbra, Fac Econ, Coimbra, Portugal
[3] Univ Beira Interior, Covilha, Portugal
[4] Univ Sao Paulo, Covilha, Portugal
[5] Univ Beira Interior, Management & Econ Dept, NECE UBI, Covilha, Portugal
来源：
VISION 2020: SUSTAINABLE ECONOMIC DEVELOPMENT AND APPLICATION OF INNOVATION MANAGEMENT | 2018年
关键词：
Financial Development; Economic Growth; Principal Component Analysis; Panel Vector Auto-Regressive; STOCK-MARKET PERFORMANCE; TRADE OPENNESS; ENERGY-CONSUMPTION; INFLATION; CAUSALITY; INNOVATION; DYNAMICS; RETURNS; BANKS; TESTS;
D O I：
暂无
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
This study examines the relationship between banking sector development, stock market development and economic growth. Using annual data, for the period 1990-2015, in twelve European Countries. The principal component analysis was used possible to construct two new measures (banking sector development and stock market development). The panel Vector Auto-Regressive model and Granger causalities test was used. Results show the model is endogenous that the shocks caused by the introduction of the euro and the subprime crisis are significant; and the banking sector development in the presence of stock market development are significant.
引用
收藏
页码：5528 / 5540
页数：13
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