[PDF] Top 20 Financial development and long-run growth : is the cross-sectional evidence robust?

... 2 the first papers that try to explore the causal nexus between finance and growth are due to King and Levine (1993a, ...Particularly, the empirical strategy of these authors ... See full document

... analyses the relationship between infrastructure and total factor productivity (TFP) in the four major Latin American economies: Argentina, Brazil, Chile and ...on long-term economic ... See full document

... regards the finding that ownership concentration systems, such as they occur in France and Germany, seem to be more compatible with investments that aim to expand the core businesses of companies, or ... See full document

... in the study carried out by Baltagi (2001), some of the advantages and disadvantages of the use of panel data are ...Among the advantages mentioned is the control over ... See full document

... openness and financial development are critical determinants of economic ...investigate the impact of energy consumption, trade openness and financial development on ... See full document

... in the previous table, indicated that heteroscedasticity, first order serial correlation and autocorrelation are presents in ...overcome the presence of heteroscedasticity, ... See full document

... question the import substitution model as a long-run develop- ment ...it is true that Brazil experienced high growth rates after the war, our evidence says that this could ... See full document

... examines the impact of Ghana financial openness induced growth on poverty between 1970 and ...2007. The finding suggests a positive relationship between growth and ... See full document

... investigate the relationship in total basis or the impact of total budget expenditures rather than dividing them into different categories (Hasanov and Alirzayev, 2012; Hasanov, 2013a, 2013b; Aliyev ... See full document

... in the judgment of picky eating exist in parents’ percep- tions, which might affect data interpretation ...reports and measure- ment. Therefore, it is essential that a universal and widely ... See full document

... with the second approach, Goldsmith was the first scholars who showed the positive relationship between financial development and economic ...explain the channel which ... See full document

... turnover and an increase in fixed-term employees were associated with higher levels of workplace social capital, which was an unexpected finding in our ...restricting the formation of social ties that take ... See full document

... approach is that it can be applied whether the series are I(0) or ...approach is based on OLS method. This approach integrates short run dynamics from long run equilibrium ... See full document

... on the United States means that much of the existing body of empirical evidence on saving behaviour has been dominated by the specic characteristics and circumstances of a single ... See full document

... uses the legal determinants of banking development as instrumental variables for financial intermediation indicators to control for simultaneity ...of financial development on economic ... See full document

... Driscoll and Kraay with FE was used to 25 European countries for the period from 1996 to ...expenditure, and electric consumption have a positive effect on EG. Addressing the U–test, we ... See full document

... Economic growth ultimately depends on the ability of an economy to push the productivity frontier through innovation and technological prowess or move towards the frontier by shifting ... See full document

... 51). The second wave of development commenced in 2007, as numerous state-owned companies were released for ...Simultaneously, the number of mutual funds enlarged, which further increased demand for ... See full document

... global financial crisis 2007-09 and the triggering of deep problems associated with the management of public debt of many European ...Given the heavy reliance on external credit, ... See full document

... Trade and current account liberalization are important drivers of growth by facilitating access by domestic producers to imported inputs embodying more modern technologies, creating competition in domestic ... See full document