Journal ArticleDOI
Does Financial Development Cause Economic Growth? The Case of India
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In this paper, the authors examined whether financial development has "caused" economic growth in India since 1996 and examined the dynamic interactions between the growth of real Gross Domestic Product and indicators of financial development.Abstract:
This article examines whether financial development has ‘caused’ economic growth in India since 1996. The dynamic interactions between the growth of real Gross Domestic Product and indicators of fi...read more
Citations
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Role of Offshore Financial Center Institutions in Vanuatu
TL;DR: In this article, the authors evaluate the role of offshore financial centers in Vanuatu's economic development and propose a review of the contribution of OFC institutions to the country's growth and economic development.
Journal Article
Causal Dynamics among Foreign Portfolio Investment Volatility, Financial Deepening and Capital Markets in Low Income Countries
TL;DR: In this article, the authors investigated the directional linkages among net foreign portfolio investment volatility, financial deepening and capital market performance in low-income Southern African Development Community (SADC) countries employing a dynamic panel vector error correction model (P-VECM) on unbalanced quarterly panel data for the period spanning from 2000 to 2015.
Journal ArticleDOI
Offshore Financial Centre institutions in small jurisdictions in a globalised world: an empirical study of Vanuatu
TL;DR: In this paper, an empirical investigation undertaken in this study shows that contribution of OFC institutions to Vanuatu's growth since its independence in 1980 was negligible and insignificant, and pointed out to the direction that VanUatu has to move and overcome its reluctance to introduce direct taxation.
References
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Journal ArticleDOI
Co-integration and Error Correction: Representation, Estimation and Testing
TL;DR: The relationship between co-integration and error correction models, first suggested in Granger (1981), is here extended and used to develop estimation procedures, tests, and empirical examples.
Book
The theory of economic development
TL;DR: Buku ini memberikan infmasi tentang aliran melingkar kehidupan ekonomi sebagaimana dikondisikan oleh keadaan tertentu, fenomena fundamental dari pembangunan EKonomi, kredit, laba wirausaha, bunga atas modal, and siklus bisnis as mentioned in this paper.
Journal ArticleDOI
Finance and Growth: Schumpeter Might Be Right
TL;DR: In this paper, the authors examined a cross-section of about 80 countries for the period 1960-89 and found that various measures of financial development are strongly associated with both current and later rates of economic growth.
Journal ArticleDOI
The theory of economic development
Posted Content
Stock Markets, Banks, and Economic Growth
Ross Levine,Sara Zervos +1 more
TL;DR: This paper showed that stock market liquidity and banking development both positively predict growth, capital accumulation, and productivity improvements when entered together in regressions, even after controlling for economic and political factors.