Interrelationships among banks, stock markets and economic growth: an empirical investigation

淡江大學機構典藏 > 商管學院 > 經濟學系暨研究所 > 期刊論文 > Item 987654321/104320

jsp.display-item.identifier=請使用永久網址來引用或連結此文件: https://tkuir.lib.tku.edu.tw/dspace/handle/987654321/104320

题名:	Interrelationships among banks, stock markets and economic growth: an empirical investigation
作者:	Kim, Dong-Hyeon;Lin, Shu-Chin
关键词:	economic growth;financial development;identification through heteroscedasticity;C33;G21;O16
日期:	2013-05-16
上传时间:	2016-01-06 10:55:28 (UTC+8)
摘要:	This article utilizes a simultaneous equations model to study the relationships among economic growth, banking and stock market development. In contrast to conventional instrumental variable approach, we implement the analysis via the methodology of identification through heteroscedasticity. Using Beck and Levine (2004) dataset, we find that each of the three variables interacts in important ways. While both are conducive to economic growth, banking development matters more for growth in low-income countries and stock market development is more favourable to growth in high-income or low-inflation ones. The data also reveal coexistence of a positive effect of banking development on stock market development and a negative effect of stock market development on banking development. Besides, the feedback effects of growth on both banking and stock market development are found.
關聯:	Applied Economics 45(31), pp.4385-4394
DOI:	10.1080/00036846.2013.786165
显示于类别:	[經濟學系暨研究所] 期刊論文

文件中的档案:

档案	描述	大小	格式	浏览次数
index.html		0Kb	HTML	204	检视/开启
Interrelationships among banks, stock markets and economic growth an empirical investigation.pdf		228Kb	Adobe PDF	2	检视/开启

在機構典藏中所有的数据项都受到原著作权保护.

TAIR相关文章