... banking development as instrumental variables for financial intermediation indicators to control for simultaneity ...of financialdevelopment on economicgrowth is not found, but ...
... cointegration and Granger causality test, to explore the long run equilibrium relationship and the possible direction of causality between international trade, financialdevelopmentand ...
... of economicgrowth. In Chapter 2, I present the Solow model and other contributions to the exogenous growth theory proposed in the ...to economicgrowth are highlighted ...
... between economicgrowth, inflation, economicandfinancial openness, banking sector developmentand stock market development through a panel of six countries ...
... openness andfinancialdevelopment are critical determinants of economic ...openness andfinancialdevelopment on economicgrowth in case of Turkey over the ...
... the development of stock markets under the assumption that the “size” of the market is positively correlated with existing liquidity (Levine and Zervos, ...the development of stock markets, such as ...
... savers and their direction to profitable economic activities with high added value, can increase economic ...dissimilarity financial structure can not be prescript the same version for the ...
... of financial instability, is the financialdevelopment variable, is the trend component of financialdevelopment variable, is the cyclical component of financial ...
... facto and de jure measures of ...flows and activities and de jure measures include variables that represent policies that, in principle, enable flows and activities (Gygli et ...jure ...
... literature. Financialdevelopment promotes energy consumption indirectly through the ...firms and services (Ang, ...the financial credit and expand their ...diversification and ...
... functions and forecast-error variance decomposition to study the causal nexus between economicgrowth, inflation, stock market developmentand banking sector development for 21 ...
... Caldero´n and Poggio [27] examined the structural factors that may have impact on growth effect of trade ...The growth benefits of rising trade openness are conditional on the level of progress in ...
... new growth theories play an important role in explaining aggre- gate ...in growth rates across countries are more robustly explained by differences in macroeconomic policies and unknown heterogeneity ...
... between financial openness andeconomicgrowth is controversial because the question is whether the economicgrowth determines financialdevelopment or the ...
... competing financial sector economicgrowth hypothesis in order to investigate whether financial sector developmentandeconomicgrowth contribute towards the ...
... between financial liberalization andeconomicgrowthand the direction of causality, instead of financial liberalization ...vs. financial repression. King and ...
... finance andgrowth is clear and that it can be rather complex or even ...of financial factors is overstated when explaining economic ...that financialdevelopment has a ...
... their economicgrowth, realized or ...months and years ...First and foremost, there are the BRICs, ...demographic and corruption problems) in favor, say, of Indonesia, a country with ...
... O teste de cointegração de Johansen com quebra estrutural indicou a existência de relação de equilíbrio de longo prazo entre as variáveis analisadas, e o teste de causalidade de Grange[r] ...
... (Peek and Rosengren ...Japan and the western countries are related to the post-war ...years and the catch- up phase, developed countries could no longer grow by merely imitating or importing new ...