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Is the Financial Development and Economic Growth Relationship Nonlinear? Author info | Abstract | Publisher info | Download info | Related research | Statistics Elena Ketteni () (University of Cyprus)
Theofanis Mamuneas () (University of Cyprus)
Andreas Savvides () (Oklahoma State University)
Thanasis Stengos () (University of Guelph)
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Using nonparametric estimation techniques we find that, in contrast to recent research, the finance-growth relationship is linear when the previously documented nonlinearity between initial per capita income, human capital and economic growth is taken into account.
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Article provided by Economics Bulletin in its journal Economics Bulletin .
Volume (Year): 15 (2007)
Issue (Month): 14 ()
Pages: 1-12
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Handle: RePEc:ebl:ecbull:v:15:y:2007:i:14:p:1-12Contact details of provider: Postal: Economics Bulletin, Department of Economics, 414 Calhoun Hall, Vanderbilt University, Nashville TN 37235, USA Phone: 615-322-2920 Fax: 615-343-8495 Email: Web page: http://www.economicsbulletin.com
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Keywords: Cross Country Growth Regressions ; Financial Development ; Semiparametric Additive Linear Model. ; Other versions of this item:
Find related papers by JEL classification: O1 - Economic Development, Technological Change, and Growth - - Economic Development C4 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods: Special Topics
References listed on IDEAS Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile , click on "citations" and make appropriate adjustments.:
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Deidda, Luca & Fattouh, Bassam, 2002.
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Economics Letters ,
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repec:att:wimass:199419r is not listed on IDEAS
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King, Robert G & Levine, Ross, 1993.
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The Quarterly Journal of Economics ,
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Other versions:
King, Robert G. & Levine, Ross, 1993.
"Finance and growth : Schumpeter might be right ,"
Policy Research Working Paper Series
1083, The World Bank.
[Downloadable!] King, Robert G. & Levine, Ross, 1993.
"Finance and growth : Schumpeter might be right ,"
Policy Research Working Paper Series
1083, The World Bank.
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" The Role of Financial Development in Growth and Investment ,"
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W. H"Ardle & O. Linton, .
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James B. Ang, 2007.
"A Survey Of Recent Developments In The Literature Of Finance And Growth ,"
Monash Economics Working Papers
03/07, Monash University, Department of Economics.
[Downloadable!]
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