| Inflation and the finance-growth nexus | |
|---|---|
| 學年 | 98 |
| 學期 | 1 |
| 出版（發表）日期 | 2010-01-01 |
| 作品名稱 | Inflation and the finance-growth nexus |
| 作品名稱（其他語言） | |
| 著者 | Huang, Ho-chuan; Lin, Shu-chin; Kim, Dong-Hyeon; 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 | Amsterdam: Elsevier BV * North-Holland |
| 著錄名稱、卷期、頁數 | Economic Modelling 27(1), pp.229-236 |
| 摘要 | This paper re-investigates whether there exist inflation thresholds in the finance–growth linkage. By applying the Caner and Hansen's (2004) instrumental-variable threshold regression approach to the dataset of Levine et al. (2000), we find strong evidence of a nonlinear inflation threshold in the relationship, below which financial development exerts a significantly positive effect on economic growth, while, above which, the growth effect of finance appears to be insignificant. Furthermore, we also find a positive and significant relationship between finance and productivity for inflation rates below the threshold level, but no such relationship is detected for inflation rates above the critical level. This result suggests that finance influences growth mainly through the productivity channel. |
| 關鍵字 | Financial development; Economic growth; Threshold regression; Instrumental variable; Inflation |
| 語言 | en |
| ISSN | 0264-9993 |
| 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 | NLD |
| 公開徵稿 | |
| 出版型式 | 紙本 |
| 相關連結 |
機構典藏連結 ( http://tkuir.lib.tku.edu.tw:8080/dspace/handle/987654321/72518 ) |
GoogleAnalytics