Non-linearity between finance and growth
AbstractWe present a simple model which establishes a non linear and possibly non monotonic relationship between financial development and economic growth. Applying a threshold regression model to King and Levineâ¢s (1993) data set, we find evidence that is consistent with the main implications stemming from the theoretical model.
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Bibliographic InfoArticle provided by Elsevier in its journal Economics Letters.
Volume (Year): 74 (2002)
Issue (Month): 3 (February)
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Web page: http://www.elsevier.com/locate/ecolet
Other versions of this item:
- E44 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Financial Markets and the Macroeconomy
- O16 - Economic Development, Technological Change, and Growth - - Economic Development - - - Financial Markets; Saving and Capital Investment; Corporate Finance and Governance
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