淡江大學機構典藏:Item 987654321/72496
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    題名: Financial Development on Growth Convergence
    作者: Kim, Dong-Hyeon;Huang, Ho-Chuan;Lin, Shu-Chin;Yeh, Chih-Chuan
    貢獻者: 淡江大學財務金融學系;淡江大學經濟學系
    日期: 2010-09
    上傳時間: 2013-08-08 14:42:19 (UTC+8)
    出版者: Chichester: Wiley-Blackwell Publishing Ltd.
    摘要: This paper investigates whether the impacts of financial development on growth convergence vary with the stage of real development. We implement this analysis through the instrumental variable threshold regression approach proposed by Caner and Hansen. Our empirical evidence shows that financial intermediary development leads to long-run convergence in growth of both economic activity and productivity. Moreover, such convergence-enhancing effects of financial intermediation are stronger for less-developed countries than for the more industrialized. In addition, the data reveal that stock market development assists growth convergence only in low-income countries.
    關聯: Scottish Journal of Political Economy 57(4), pp.493-514
    DOI: 10.1111/j.1467-9485.2010.00528.x
    顯示於類別:[財務金融學系暨研究所] 期刊論文
    [經濟學系暨研究所] 期刊論文

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