An alternate approach in exploring the causal link between financial development and economic growth—Evidence from advanced economies

This study explores the causal link between financial development and economic growth in advanced economies as these countries experience significantly higher levels of financial development. Using a fully balanced panel of 24 economies from 1983 to 2013, the study shows that when imposing a linear...

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Bibliographic Details
Published in:International journal of finance and economics 2018-01, Vol.23 (1), p.55-76
Main Authors: Swamy, Vighneswara, Dharani, M
Format: Article
Language:English
Subjects:
dynamic panel threshold
Economic growth
Economic models
financial development
nonmonotonicity
panel data estimation
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