教師資料查詢 | 類別: 期刊論文 | 教師: 黃河泉 HO-CHUAN HUANG (瀏覽個人網頁)

標題:Non-linear Finance-Growth Nexus: A Threshold with Instrumental Variable Approach
學年97
學期2
出版(發表)日期2009/07/01
作品名稱Non-linear Finance-Growth Nexus: A Threshold with Instrumental Variable Approach
作品名稱(其他語言)
著者Huang, Ho-Chuan; Lin, Shu-Chin
單位淡江大學財務金融學系; 淡江大學經濟學系
出版者Chichester: The European Bank for Reconstruction and Development
著錄名稱、卷期、頁數Economics of Transition 17(3), pp.439-466
摘要This paper revisits the question of whether the finance–growth nexus varies with the stages of economic development. Using a novel threshold regression with the instrumental variables approach proposed by Caner and Hansen (2004) to the dataset used in Levine et al. (2000) we detect overwhelming evidence in support of a positive linkage between financial development and economic growth, and this positive effect is larger in the low-income countries than in the high-income ones. The data also reveal that financial development tends to have stronger impacts on capital accumulation and productivity growth in the low-income countries than in the high-income ones. The findings are robust to alternative financial development measures and conditioning information sets.
關鍵字Financial development; economic growth; instrumental variable; threshold regression
語言英文
ISSN0967-0750; 1468-0351
期刊性質國外
收錄於SSCI
產學合作
通訊作者Huang, Ho-Chuan
審稿制度
國別英國
公開徵稿
出版型式紙本
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