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Financial development and economic growth: a panel approach

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  • P. J. Dawson
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    Abstract

    This article examines the finance-growth nexus for a panel of less developed countries using panel cointegration methods. The financial development elasticity of gross domestic product is 0.46, and this varies little between broad income groups.

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    File URL: http://www.informaworld.com/openurl?genre=article&doi=10.1080/13504850802314411&magic=repec&7C&7C8674ECAB8BB840C6AD35DC6213A474B5
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    Bibliographic Info

    Article provided by Taylor & Francis Journals in its journal Applied Economics Letters.

    Volume (Year): 17 (2010)
    Issue (Month): 8 ()
    Pages: 741-745

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    Handle: RePEc:taf:apeclt:v:17:y:2010:i:8:p:741-745

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    Cited by:
    1. Simplice A, Asongu, 2011. "Finance and growth: Schumpeter might be wrong in our era. New evidence from Meta-analysis," MPRA Paper 32559, University Library of Munich, Germany, revised 07 Feb 2013.
    2. Nahla Samargandi & Jan Fidrmuc & Sugata Ghosh, 2014. "Is the Relationship between Financial Development and Economic Growth Monotonic? Evidence from a Sample of Middle Income Countries," CESifo Working Paper Series 4743, CESifo Group Munich.

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