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Title:Regional evidence on the finance-growth Nexus PDF Logo
Authors:Vaona, Andrea
Issue Date:2006
Series/Report no.:Kieler Arbeitspapiere 1285
Abstract:The Finance-Growth Nexus is a classical source of debate among economists. This contribution offers regional evidence on this issue in order to see if it can meet the data within a 140 years old economic union -- Italy -, in the ideal context for its main competitor - New Economic Geography - and in order to avoid pooling between developed and developing countries. The results for this application support the view that finance leads growth, reject its possible endogeneity and shows its robustness even in presence of spatial unobserved heterogeneity by using both cross-section and panel data estimators.
Subjects:Finance
Growth
Regions
Cross-Section Analysis
Panel Data Analysis
JEL:O18
O16
C31
Document Type:Working Paper
Appears in Collections:Publikationen von Forscherinnen und Forschern des IfW
Kieler Arbeitspapiere, IfW

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