Open AccessJournal Article
Financial development and economic growth
TLDR
Šonje et al. as mentioned in this paper used a sample of 35 countries for the period between 1860 and 1963 to show the relationship between income and financial depth measured by the ratio between bank's assets and GDP.Abstract:
relationship. All subsequent studies confirmed it (see for example King and Levine, 1993, and the review in: Pagano, 1993). Goldsmith used a sample of 35 countries for the period between 1860 and 1963 to show the relationship between income and financial depth measured by the ratio between bank's assets and GDP. He also showed that in periods of rapid growth, financial depth grows faster than income. More details about measuring financial depth can be found in this paper. FINANCIAL DEVELOPMENT AND ECONOMIC GROWTH Velimir Šonjeread more
Citations
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Too much finance
TL;DR: In this paper, the authors examined whether there is a threshold above which financial development no longer has a positive effect on economic growth, and they used dierent empirical approaches to show that there can indeed be too much finance.
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The Effect of Financial Development on Convergence: Theory and Evidence
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Does one size fit all?: a reexamination of the finance and growth relationship
Felix Rioja,Neven T. Valev +1 more
TL;DR: This article examined a panel of 74 countries using generalized method of moments (GMM) dynamic panel techniques and found support for the different regions of financial development for different regions. But they did not consider the effect of financial markets on economic growth.
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Does too much finance harm economic growth
Siong Hook Law,Nirvikar Singh +1 more
TL;DR: In this article, the relationship between finance and economic growth using an innovative dynamic panel threshold technique has been investigated in 87 developed and developing countries, and the empirical results indicate that there is a threshold effect in the finance-growth relationship and that the level of financial development is beneficial to growth only up to a certain threshold.
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International Financial Liberalization and Economic Growth
TL;DR: In this article, the authors pull together existing theory and evidence to assess whether international financial liberalization, by improving the functioning of domestic financial markets and banks, accelerates economic growth.
References
More filters
Journal ArticleDOI
Too much finance
TL;DR: In this paper, the authors examined whether there is a threshold above which financial development no longer has a positive effect on economic growth, and they used dierent empirical approaches to show that there can indeed be too much finance.
Journal ArticleDOI
Does one size fit all?: a reexamination of the finance and growth relationship
Felix Rioja,Neven T. Valev +1 more
TL;DR: This article examined a panel of 74 countries using generalized method of moments (GMM) dynamic panel techniques and found support for the different regions of financial development for different regions. But they did not consider the effect of financial markets on economic growth.
Journal ArticleDOI
Does too much finance harm economic growth
Siong Hook Law,Nirvikar Singh +1 more
TL;DR: In this article, the relationship between finance and economic growth using an innovative dynamic panel threshold technique has been investigated in 87 developed and developing countries, and the empirical results indicate that there is a threshold effect in the finance-growth relationship and that the level of financial development is beneficial to growth only up to a certain threshold.
Journal ArticleDOI
International Financial Liberalization and Economic Growth
TL;DR: In this article, the authors pull together existing theory and evidence to assess whether international financial liberalization, by improving the functioning of domestic financial markets and banks, accelerates economic growth.
Journal ArticleDOI
Financial Development and Economic Growth: New Evidence from Panel Data
M. Kabir Hassan,Jung-Suk Yu +1 more
TL;DR: This paper found strong linkages between financial development and economic growth in high-income OECD countries, but not in South Asian and Sub-Saharan African regions, and therefore it may be necessary to make different efforts to achieve steady economic growth across geographic regions and income groups.