期刊論文

標題 Financial Development on Growth Convergence
學年 99
學期 1
出版(發表)日期 2010/09/01
作品名稱 Financial Development on Growth Convergence
作品名稱(其他語言)
著者 Kim, Dong-Hyeon; Huang, Ho-Chuan; Lin, Shu-Chin; Yeh, Chih-Chuan
單位 淡江大學財務金融學系; 淡江大學經濟學系
出版者 Chichester: Wiley-Blackwell Publishing Ltd.
著錄名稱、卷期、頁數 Scottish Journal of Political Economy 57(4), pp.493-514
摘要 This paper investigates whether the impacts of financial development on growth convergence vary with the stage of real development. We implement this analysis through the instrumental variable threshold regression approach proposed by Caner and Hansen. Our empirical evidence shows that financial intermediary development leads to long-run convergence in growth of both economic activity and productivity. Moreover, such convergence-enhancing effects of financial intermediation are stronger for less-developed countries than for the more industrialized. In addition, the data reveal that stock market development assists growth convergence only in low-income countries.
關鍵字
語言 英文
ISSN 0036-9292;1467-9485
期刊性質 國外
收錄於 SSCI
產學合作
通訊作者
審稿制度
國別 英國
公開徵稿
出版型式 紙本;紙本;電子版