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Cited by 164Monetary Policy and Economic ImpactEconomic Growth and ProductivityEconomic Growth and Development

The DOI matches its Crossref record; 49 of the 49 references it cites were found in a registry or an index.

Financial development, institutional investors, and economic growth

Open access
Ruiz, Jose L.·2018·International Review of Economics & Finance
DOI 10.1016/j.iref.2017.08.009
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Abstract

This study analyzes the nonlinear relationship between financial development under the presence of institutional investors (assets in insurance companies, mutual funds, and pension funds, as a percentage of GDP) and economic growth. The analysis considers data on 116 economies obtained from the World Bank for the period 1991–2014. We examine both industrialized and developing economies using a dynamic panel threshold technique. We find that countries below the finance threshold grow less and those above the threshold grow faster. In addition, in the industrialized economies, institutional investors have a positive effect on the growth of GDP per capita.

Overview

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Crossref · 10.1016/j.iref.2017.08.009

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49 of 49 references verified0 citation errors · 0 not checkable

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Citations

Cites

Research works printed but not linked: 1

  1. Curak, 2009, Insurance sector development and economic growth in transition countries, International Research Journal on Finance and Economics, 34, 29

Cited by

See all 164

Metadata

Authors
Ruiz, J. L.
Venue
International Review of Economics & Finance
Publisher
Elsevier BV
Published
2018-03
Volume
54
Pages
218-224
ISSN
1059-0560 (ISSN-L)
DOI
10.1016/j.iref.2017.08.009
OpenAlex
W2749868651
Cited by
164
References
49
Citations by year
2026: 9 · 2025: 14 · 2024: 15 · 2023: 36 · 2022: 29 · 2021: 22 · 2020: 20 · 2019: 17 · 2018: 2
FWCI
25.06
Type
journal article
Language
en
Open access
Licence
  • cc-by-nc-nd
  • www.elsevier.com/tdm/userlicense/1.0/ (tdm)
Locations
  • International Review of Economics & Finance (publishedVersion)
  • RePEc: Research Papers in Economics (submittedVersion)
  • Universidad de Chile (submittedVersion, cc-by-nc-nd)
Topics
  • Social Sciences › Economics, Econometrics and Finance › General Economics, Econometrics and Finance › Monetary Policy and Economic Impact
  • Social Sciences › Economics, Econometrics and Finance › Economics and Econometrics › Economic Growth and Productivity
  • Social Sciences › Economics, Econometrics and Finance › Economics and Econometrics › Economic Growth and Development
Keywords
financial development, institutional investors, economic growth, nonlinear relationship, threshold effects, insurance companies, mutual funds, pension funds, GDP per capita, industrialized economies, developing countries

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Data sources

Bibliographic data: Semantic Scholar, OpenAlex, Crossref.

Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).

Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.