The DOI matches its Crossref record; 3 of the 3 references it cites were found in a registry or an index.
Financial development, investment, and economic growth
Abstract
In this article, I use a multivariate vector‐autoregressive (VAR) approach to examine the effects of permanent financial development on domestic investment and output in 41 countries between 1960 and 1993. The VAR approach permits the identification of the long‐term cumulative effects of financial development on the domestic variables by allowing for dynamic interactions among these variables. The results reject the hypothesis that financial development simply follows economic growth and has very little effect on it. Instead, there is strong evidence that financial development is important to growth and that investment is an important channel through which financial development affects growth.
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Cites
On the mechanics of economic development
Lucas, R. E. (1988) · Journal of Monetary Economics · doi:10.1016/0304-3932(88)90168-7 · Cited by 24,085
Investigating causal relations by econometric models and cross-spectral methods
Granger, C. W. J. (1969) · Econometrica · doi:10.2307/1912791 · Cited by 22,989
Stock Markets, Growth, and Tax Policy
LEVINE, R. (1991) · The Journal of Finance · doi:10.2307/2328866 · Cited by 1,111
Cited by
Chapter 12 Finance and Growth: Theory and Evidence
Levine, R. (2005) · Handbook of Economic Growth · doi:10.1016/s1574-0684(05)01012-9 · Cited by 2,889
Shahbaz, M., Khan, S., & Tahir, M. I. (2013) · Energy Economics · doi:10.1016/j.eneco.2013.06.006 · Cited by 753
Samargandi, N., Fidrmuc, J., & Ghosh, S. (2015) · World Development · doi:10.1016/j.worlddev.2014.11.010 · Cited by 647
Kar, M., Nazlıoğlu, Ş., & Ağır, H. (2011) · Economic Modelling · doi:10.1016/j.econmod.2010.05.015 · Cited by 535
ICT diffusion, financial development, and economic growth: An international cross-country analysis
Cheng, C.-Y., Chien, M.-S., & Lee, C.-C. (2021) · Economic Modelling · doi:10.1016/j.econmod.2020.02.008 · Cited by 457
Metadata
- Authors
- Xu, Z.
- Venue
- Economic Inquiry
- Publisher
- Wiley
- Published
- 2000-04-01
- Volume
- 38
- Issue
- 2
- Pages
- 331-344
- ISSN
- 0043-3640 (ISSN-L)
- 0095-2583
- 1465-7295
- OpenAlex
- W1984200642
- Cited by
- 304
- References
- 3
- FWCI
- 7.43
- Type
- journal article
- Language
- en
- Open access
- closed
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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.
