教師資料查詢 | 類別: 期刊論文 | 教師: 林佩蒨 Pei-chien Lin (瀏覽個人網頁)

標題:Financial structure on growth and volatility
學年102
學期1
出版(發表)日期2013/09/01
作品名稱Financial structure on growth and volatility
作品名稱(其他語言)
著者Yeh, Chih-Chuan; Huang, Ho-chuan; Lin, Pei-Chien
單位淡江大學產業經濟學系
出版者Amsterdam: Elsevier BV * North-Holland
著錄名稱、卷期、頁數Economic Modelling 35, pp.391–400
摘要By applying the pooled mean group estimator to a large panel up to 40 countries over the 1960–2009 period, this study finds that financial structure is significantly cointegrated to both economic growth and its volatility. In particular, the relationship is positive in nature, suggesting that more market-based countries enjoy faster economic growth but suffer more from economic fluctuations in the long run. Accordingly, in sharp contrast to the existing evidences,we conclude that the architecture of an economy's financial systemmatters for real sector performance. Moreover, the findings are robust to a variety of sensitivity checks, including the problem of endogeneity, the use of different financial structure (and growth volatility) indicators, the inclusion of extra growth (volatility) determinants, and the control of cross-sectional dependence in the panel data.
關鍵字Financial structure;Economic growth;Growth volatility;Pooled mean group estimator
語言英文(美國)
ISSN0264-9993
期刊性質國外
收錄於SSCI;
產學合作
通訊作者Huang, Ho-Chuan(River)
審稿制度
國別荷蘭
公開徵稿
出版型式,紙本
相關連結
Google+ 推薦功能,讓全世界都能看到您的推薦!