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
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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
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Samargandi, N., Fidrmuc, J., & Ghosh, S. (2015) · World Development · doi:10.1016/j.worlddev.2014.11.010 · Cited by 647
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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
Non-linearity between finance and growth
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Stock market development and economic growth: Empirical evidence from China
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Financial Development and Economic Growth: The Case of Pakistan
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Ehigiamusoe, K. U., & Samsurijan, M. S. (2021) · International Journal of Finance & Economics · doi:10.1002/ijfe.2066 · Cited by 87
Finance, Growth, and Inequality
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The impact of stock market development on economic growth: A GMM approach
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“Then this impact was examined by McKinnon (1973), Shaw (1973), Rousseau and Wachtel (2000), Xu (2000), Rousseau and Vuthipadadorn (2005), and Botev et al. (2019).”
Method
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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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.
