Financial Development and Economic Growth: A Panel Data Approach
The relationship between financial development and economic growth has been studied long time in economics (Adam Smith and Schumpeter). Structural reforms and the integration of financial markets have been attracting the interest of the academic community. This manuscript examines the link between f...
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General Association of Economists from Romania
2010-10-01
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Online Access: | http://www.ectap.ro/articole/517.pdf |
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doaj-6460b5eb6f5c449bbc9cacca654be4092020-11-24T20:41:16ZengGeneral Association of Economists from RomaniaTheoretical and Applied Economics1841-86782010-10-0110(551)10(551)1524Financial Development and Economic Growth: A Panel Data ApproachNuno Carlos LEITÃOThe relationship between financial development and economic growth has been studied long time in economics (Adam Smith and Schumpeter). Structural reforms and the integration of financial markets have been attracting the interest of the academic community. This manuscript examines the link between financial development and economic growth. The European Union Countries (EU-27), and BRIC (Brazil, Russia, India and China) were examined, between 1980 and 2006. Using a static and dynamic panel data approach, the results demonstrate that the financial development contribute to economic growth. Our study also consider productivity and trade, these proxies confirm the positive effect on economic growth.http://www.ectap.ro/articole/517.pdfonomic growthfinancial developmentpanel data and globalization. |
collection |
DOAJ |
language |
English |
format |
Article |
sources |
DOAJ |
author |
Nuno Carlos LEITÃO |
spellingShingle |
Nuno Carlos LEITÃO Financial Development and Economic Growth: A Panel Data Approach Theoretical and Applied Economics onomic growth financial development panel data and globalization. |
author_facet |
Nuno Carlos LEITÃO |
author_sort |
Nuno Carlos LEITÃO |
title |
Financial Development and Economic Growth: A Panel Data Approach |
title_short |
Financial Development and Economic Growth: A Panel Data Approach |
title_full |
Financial Development and Economic Growth: A Panel Data Approach |
title_fullStr |
Financial Development and Economic Growth: A Panel Data Approach |
title_full_unstemmed |
Financial Development and Economic Growth: A Panel Data Approach |
title_sort |
financial development and economic growth: a panel data approach |
publisher |
General Association of Economists from Romania |
series |
Theoretical and Applied Economics |
issn |
1841-8678 |
publishDate |
2010-10-01 |
description |
The relationship between financial development and economic growth has been studied long time in economics (Adam Smith and Schumpeter). Structural reforms and the integration of financial markets have been attracting the interest of the academic community. This manuscript examines the link between financial development and economic growth. The European Union Countries (EU-27), and BRIC (Brazil, Russia, India and China) were examined, between 1980 and 2006. Using a static and dynamic panel data approach, the results demonstrate that the financial development contribute to economic growth. Our study also consider productivity and trade, these proxies confirm the positive effect on economic growth. |
topic |
onomic growth financial development panel data and globalization. |
url |
http://www.ectap.ro/articole/517.pdf |
work_keys_str_mv |
AT nunocarlosleitao financialdevelopmentandeconomicgrowthapaneldataapproach |
_version_ |
1716825774402568192 |