[PDF] Top 20 The nonlinearity of financial depth and economic growth: Evidence from European countries

... disentangle the nexus FD-EG in developed economies, the European Union countries which have available data in the span of time was ...used. The model included variables ... See full document

... However, the review of the empirical literature indicates that the impact of the economic globalization on economic growth is influenced by sample, ... See full document

... inflation. The trade (i.e., exports plus imports) % of GDP used to proxy economic ...to financial openness its used the sum of foreign assets and liabilities over GDP ... See full document

... and the distinction tradables-nontradables, but they do not present analytical expressions for the speed of ...endogenous growth model, but he is not analyzing the speed ... See full document

... decades, the countries have been exposed some various transformations, namely economic, political, and social ...most countries have suffered financial crises, caused from ... See full document

... For the Russian economy the question of determinants of economic growth during transition remains an open ...lot of variables which could be included into the ... See full document

... as the European option steadily gained the support of public ...in the early 1980s, only around 25 per cent of the population believed EEC membership to be “a good thing”, ... See full document

... (finance and non-finance companies), one for non-profits entities, one for households and one for government, known as General Govern- ment Sector (GGS), to which GA is applied (Jones & Lüder, 1996; Jones, ... See full document

... 2 countries it can be said that TFP was the main engine of growth, namely in Lithuania and Slovakia, where the relative contribution of TFP was ...60.42% and 51.46% ... See full document

... school of thought which emerged to explain the competing finance-growth ...are the banks based versus market based theoretical paradigm and the second was based on the law ... See full document

... context, European states have planned, with the economic and political integration, to create a unique and common instrument in leading and influencing their economies and ... See full document

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

... is the vital factor for economic ...down economic growth. Turkish government should diversify the energy sources and improve the energy ...that financial ... See full document

... Adkins and Savvides (2002), and Gwartney et ...promote economic freedom have a positive efect on economic ...strand of the extant empirical research has scrutinized the ... See full document

... income and democracy is widely investigated by political economy ...capita and the degree of democracy supporting the modernization theory according to which the level of ... See full document

... impact of the financial system on the economy and on society has normally been called as ...financialisation. The negative view of the financial system has ... See full document

... claim of the moral hazards of growth, alerting that not always growth is compatible with an improvement of crucial life conditions of population, although it brings some ... See full document

... kind of relationship sign has been assigned in the literature, shedding light on a negative effect from energy consumption on energy ...general, the empirical evidence of that ... See full document

... After the determination of the cointegration relationship between the series, the CCE estimator method is used to determine the coefficients separately for each ...When ... See full document

... utilizes the Autoregressive-distributed lag (ARDL) approach for cointegration and Granger causality test, to explore the long run equilibrium relationship and the possible direction ... See full document