Financial development and economic growth nexus in the MENA countries: Bootstrap panel granger causality analysis
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Empirical findings from GMM and DOLS may not be robust because of cross-sectional dependence and slope homogeneity.
“their empirical findings from an estimation approach (GMM, DOLS) might not be robust because of the presence of cross-sectional dependence and slope homogeneity (Dong et al., 2018;Kar, Nazlioǧlu, & Aǧ;ir, 2011).”
From Does financial development matter for economic growth in the emerging markets? (2022) · cites this paper as Kar, Nazlioǧlu, & Aǧ;ir, 2011
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- Authors
- Kar, M., Nazlıoğlu, Ş., & Ağır, H.
- Affiliations
- Economic Research Forum (EG)
- Erciyes University (TR)
- Kahramanmaraş Sütçü İmam University (TR)
- Corresponding author
- Kar, Muhsin
- Venue
- Economic Modelling
- Publisher
- Elsevier BV
- Published
- 2011-01
- Volume
- 28
- Issue
- 1-2
- Pages
- 685-693
- ISSN
- 0264-9993 (ISSN-L)
- OpenAlex
- W2014006441
- Cited by
- 535
- References
- 103
- Citations by year
- 2026: 13 · 2025: 22 · 2024: 31 · 2023: 40 · 2022: 49 · 2021: 58 · 2020: 54 · 2019: 44 · 2018: 46 · 2017: 35 · 2016: 35 · 2015: 32 · 2014: 40 · 2013: 23 · 2012: 7
- FWCI
- 25.12
- Type
- journal article
- Language
- en
- Open access
- closed
- Locations
- Economic Modelling (publishedVersion)
- AYBU AVESIS (submittedVersion)
- RePEc: Research Papers in Economics (submittedVersion)
- Topics
- Social Sciences › Economics, Econometrics and Finance › General Economics, Econometrics and Finance › Monetary Policy and Economic Impact
- Physical Sciences › Computer Science › Information Systems › Economic Growth and Development
- Social Sciences › Economics, Econometrics and Finance › Economics and Econometrics › Economic Growth and Productivity
- Keywords
- financial development, economic growth, causality between finance and growth, Middle East and North Africa, panel Granger causality, bootstrap critical values, financial development indicators
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