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An empirical analysis of the interlinkages between financial sector and economic growth

Author

Listed:
  • Pirtea, Marilen
  • Dima, Bogdan
  • Milos, Laura Raisa

Abstract

There is a growing literature body which examines the connections between financial status and economic growth. The aim of this paper is to examine the mechanism through which this positive connection is realized. The methodology is based on a pool data regression with dynamic of real GDP as dependent variable and some key variables of the financial sector. The main output of our study consists in the thesis that the financial status matter for the economic growth.

Suggested Citation

  • Pirtea, Marilen & Dima, Bogdan & Milos, Laura Raisa, 2009. "An empirical analysis of the interlinkages between financial sector and economic growth," MPRA Paper 20085, University Library of Munich, Germany.
  • Handle: RePEc:pra:mprapa:20085
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    File URL: https://mpra.ub.uni-muenchen.de/20085/1/MPRA_paper_20085.pdf
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    References listed on IDEAS

    as
    1. Robert G. King & Ross Levine, 1993. "Finance and Growth: Schumpeter Might Be Right," The Quarterly Journal of Economics, Oxford University Press, vol. 108(3), pages 717-737.
    2. Demetriades, Panicos O. & Hussein, Khaled A., 1996. "Does financial development cause economic growth? Time-series evidence from 16 countries," Journal of Development Economics, Elsevier, vol. 51(2), pages 387-411, December.
    3. Levine, Ross, 1991. " Stock Markets, Growth, and Tax Policy," Journal of Finance, American Finance Association, vol. 46(4), pages 1445-1465, September.
    Full references (including those not matched with items on IDEAS)

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    Cited by:

    1. Correa, Paulo & Andres, Luis & Borja-Vega, Christian, 2013. "The impact of government support on firm R&D investments : a meta-analysis," Policy Research Working Paper Series 6532, The World Bank.

    More about this item

    Keywords

    finance; growth; cost of capital; yield;

    JEL classification:

    • G10 - Financial Economics - - General Financial Markets - - - General (includes Measurement and Data)

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