Citation
Eng, Yoke Kee and Habibullah, Muzafar Shah
(2011)
Financial development and economic growth nexus: another look at the panel evidence from different geographical regions.
Banks and Bank Systems, 6 (1).
pp. 62-71.
ISSN 1816-7403; ESSN: 1991-7074
Abstract
This paper re-examines the causality issue on financial development and economic growth from a panel data perspectives using the system generalized method of moments (GMM) technique developed by Arellano and Bover (1995), and Blundell and Bond (1998). Focusing on developing countries in four main geography regions (Africa, Asia, Europe and Western Hemisphere), the main finding of the results reveals that although there exist evidence supporting the other views including the “demand following” as well as non-causal relation between the economic growth and the financial deepening, these supports are not as strong as the “supply leading” hypothesis.
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Additional Metadata
| Item Type: | Article |
|---|---|
| Divisions: | Faculty of Economics and Management |
| Publisher: | LLC “СPС “Business Perspectives” |
| Keywords: | Finance-growth nexus; Africa; Asia; Europe; Western Hemisphere; GMM |
| Depositing User: | Nabilah Mustapa |
| Date Deposited: | 06 Aug 2015 01:06 |
| Last Modified: | 09 Sep 2015 07:23 |
| URI: | http://psasir.upm.edu.my/id/eprint/22855 |
| Statistic Details: | View Download Statistic |
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