Non-linear Finance-Growth Nexus: A Threshold with Instrumental Variable Approach

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 987654321/66349

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/987654321/66349

题名:	Non-linear Finance-Growth Nexus: A Threshold with Instrumental Variable Approach
作者:	Huang, Ho-Chuan;Lin, Shu-Chin
贡献者:	淡江大學財務金融學系;淡江大學經濟學系
关键词:	Financial development;economic growth;instrumental variable;threshold regression
日期:	2009-07
上传时间:	2011-10-22 17:35:15 (UTC+8)
出版者:	Chichester: The European Bank for Reconstruction and Development
摘要:	This paper revisits the question of whether the finance–growth nexus varies with the stages of economic development. Using a novel threshold regression with the instrumental variables approach proposed by Caner and Hansen (2004) to the dataset used in Levine et al. (2000) we detect overwhelming evidence in support of a positive linkage between financial development and economic growth, and this positive effect is larger in the low-income countries than in the high-income ones. The data also reveal that financial development tends to have stronger impacts on capital accumulation and productivity growth in the low-income countries than in the high-income ones. The findings are robust to alternative financial development measures and conditioning information sets.
關聯:	Economics of Transition 17(3), pp.439-466
DOI:	10.1111/j.1468-0351.2009.00360.x
显示于类别:	[經濟學系暨研究所] 期刊論文 [財務金融學系暨研究所] 期刊論文

文件中的档案:

档案	大小	格式	浏览次数
index.html	0Kb	HTML	294	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