Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/29733 
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dc.contributor.authorCaporale, Guglielmo Mariaen
dc.contributor.authorRault, Christopheen
dc.contributor.authorSova, Roberten
dc.contributor.authorSova, Anamariaen
dc.date.accessioned2009-10-27-
dc.date.accessioned2010-02-04T13:05:52Z-
dc.date.available2010-02-04T13:05:52Z-
dc.date.issued2009-
dc.identifier.urihttp://hdl.handle.net/10419/29733-
dc.description.abstractThis paper reviews the main features of the banking and financial sector in ten new EU members, and then examines the relationship between financial development and economic growth in these countries by estimating a dynamic panel model over the period 1994-2007. The evidence suggests that the stock and credit markets are still underdeveloped in these economies, and that their contribution to economic growth is limited owing to a lack of financial depth. By contrast, a more efficient banking sector is found to have accelerated growth. Furthermore, Granger causality test indicate that causality runs from financial development to economic growth, but not in the opposite direction.en
dc.language.isoengen
dc.publisher|aDeutsches Institut für Wirtschaftsforschung (DIW) |cBerlinen
dc.relation.ispartofseries|aDIW Discussion Papers |x940en
dc.subject.jelE44en
dc.subject.jelE58en
dc.subject.jelF36en
dc.subject.jelP26en
dc.subject.ddc330en
dc.subject.keywordFinancial developmenten
dc.subject.keywordeconomic growthen
dc.subject.keywordcausality testsen
dc.subject.keywordtransition economiesen
dc.subject.stwFinanzsektoren
dc.subject.stwEntwicklungen
dc.subject.stwWirtschaftswachstumen
dc.subject.stwKausalanalyseen
dc.subject.stwEU-Staaten (Osteuropa)en
dc.titleFinancial development and economic growth: evidence from ten new EU members-
dc.type|aWorking Paperen
dc.identifier.ppn611469170en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen
dc.identifier.repecRePEc:diw:diwwpp:dp940en

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