The effects of financial development on economic sophistication: evidence from panel data

被引：27
|
作者：
Lan Khanh Chu [1 ]
机构：
[1] Banking Acad Vietnam, Res & Consultancy Dept, Hanoi 10000, Vietnam
来源：
APPLIED ECONOMICS LETTERS | 2020年 / 27卷 / 15期
关键词：
Financial development; economic complexity; productivity knowledge; panel data; POLITICAL-INSTITUTIONS; STOCK MARKETS; GROWTH; BANKS;
D O I：
10.1080/13504851.2019.1676866
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
This article empirically examines the effect of financial development on economic sophistication, measured by Economic Complexity Index. Using a panel dataset of 94 countries from 1968 to 2015 and system generalized method of moments estimation, we find that both banking sector and stock market development have positive effects on economic sophistication.
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页码：1260 / 1263
页数：4
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