A note on the effect of financial development on economic growth

被引：9
|
作者：
Lartey, Emmanuel K. K. [1 ]
机构：
[1] Calif State Univ Fullerton, Dept Econ, Fullerton, CA 92834 USA
来源：
APPLIED ECONOMICS LETTERS | 2010年 / 17卷 / 07期
关键词：
PANEL-DATA; MODELS;
D O I：
10.1080/13504850802297897
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
A common result from the literature has been a positive monotonic effect of financial development on growth. This article presents an empirical investigation of the financial development-economic growth relationship by estimating a variant model to those in Levine et al. (2000) while allowing for the coefficient on the financial development index to vary by the level of financial development. Using dynamic panel techniques, coefficient estimates suggest that the exogenous component of financial development has a positive effect on economic growth and does not vary with the level of financial development.
引用
收藏
页码：685 / 687
页数：3
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