關鍵字查詢 | 類別:期刊論文 | | 關鍵字:Financial structure on growth and volatility

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序號 學年期 教師動態
1 102/1 財金系 黃河泉 教授 期刊論文 發佈 Financial structure on growth and volatility , [102-1] :Financial structure on growth and volatility期刊論文Financial structure on growth and volatilityYeh, Chih-Chuan; Huang, Ho-chuan; Lin, Pei-Chien淡江大學產業經濟學系Financial structure;Economic growth;Growth volatility;Pooled mean group estimatorAmsterdam: Elsevier BV * North-HollandEconomic Modelling 35, p.391–400By 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
2 102/1 產經系 林佩蒨 教授 期刊論文 發佈 Financial structure on growth and volatility , [102-1] :Financial structure on growth and volatility期刊論文Financial structure on growth and volatilityYeh, Chih-Chuan; Huang, Ho-chuan; Lin, Pei-Chien淡江大學產業經濟學系Financial structure;Economic growth;Growth volatility;Pooled mean group estimatorAmsterdam: Elsevier BV * North-HollandEconomic Modelling 35, p.391–400By 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
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