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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Re-Examining the Finance-Growth Relationship for a Developing Economy: A Time Series Analysis of Post-Reform India
Sabyasachi Kar,Kumarjit Mandal +1 more
TL;DR: In this paper, the authors re-examine the validity of three propositions on the finance-growth relationship: financial deepening has a strong impact on the growth process, measures of financial activity rather than the size of the sector plays a more significant role in the growth, and financial structure (bank-based versus stock market-based) has no impact at all.
Journal ArticleDOI
Determinants of Cross-border Mergers and Acquisitions: A Comprehensive Review and Future Direction
TL;DR: In this paper, the authors reviewed and summarized earlier studies analyzing the determinants of cross-border mergers and acquisitions (M&As), and presented the market performance for corporate control transactions over the period 1994-2013.
Journal Article
Financial Development and Economic Growth in Nigeria
TL;DR: In this article, the authors empirically evaluated the impact of financial development on economics growth in Nigeria and found that the theoretical modelling requirements for all the variables used in the regression satisfy the statistical requirements which determine the choice of their model.
The relationship between financial development and economic growth and the asian financial crisis: an fmols analysis
TL;DR: The authors studied the relationship between financial development and economic growth empirically with panel data from five Asian countries, namely, Thailand, Korea, Indonesia, Malaysia and the Philippines over the time period 1989-2006 in the context of the Asian Financial Crisis of 1997.
Posted Content
Foreign Direct Investment - Economic Growth Nexus: The Role of the Level of Financial Sector Development in Africa
TL;DR: In this paper, the relationship between foreign direct investment and economic growth considering the influence of financial sector development (FSD) is examined and the policy implication is that policies directed towards attracting FDI should go along with and not precede policies that aim at promoting FSD.
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.