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EconStor >
Technische Universität Dresden >
Fakultät Wirtschaftswissenschaften, Technische Universität Dresden >
Dresden Discussion Paper Series in Economics, Faculty of Business and Economics, TU Dresden >
Please use this identifier to cite or link to this item:
http://hdl.handle.net/10419/48136
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Full metadata record
| DC Field | | Value | | Language |
| dc.contributor.author | | Graff, Michael | | en_US |
| dc.contributor.author | | Karmann, Alexander | | en_US |
| dc.date.accessioned | | 2011-07-13T10:44:31Z | | - |
| dc.date.available | | 2011-07-13T10:44:31Z | | - |
| dc.date.issued | | 2003 | | en_US |
| dc.identifier.uri | | http://hdl.handle.net/10419/48136 | | - |
| dc.description.abstract | | An endogenous growth model with a financial sector is formulated, and empirical analyses are conducted. The model exhibits structural shifts and breaks caused by institutional change, suggesting that a linear approach is inadequate. To address this point empirically, we fit data for 90 countries from 19602000 to a standard growth equation with a proxy for financial activity. Firstly, it is shown that a growth enhancing outcome of financial activity is contingent on a sound institutional framework. Then, we order the sample by control variables which follow from the model as potential causes of breaks in the adjustment process. Threshold regressions reveal non-linearity that is consistent with the model. Most importantly, we find signs for excessive financial activity. | | en_US |
| dc.language.iso | | eng | | en_US |
| dc.publisher | | Techn. Univ., Fak. Wirtschaftswiss. Dresden | | en_US |
| dc.relation.ispartofseries | | Dresden discussion paper in economics 15/03 | | en_US |
| dc.subject.jel | | O16 | | en_US |
| dc.subject.jel | | O42 | | en_US |
| dc.subject.jel | | O57 | | en_US |
| dc.subject.ddc | | 330 | | en_US |
| dc.subject.keyword | | Financial Development | | en_US |
| dc.subject.keyword | | Endogenous Growth | | en_US |
| dc.subject.keyword | | Institutions | | en_US |
| dc.subject.keyword | | Non-linearities | | en_US |
| dc.subject.stw | | Finanzsektor | | en_US |
| dc.subject.stw | | Entwicklung | | en_US |
| dc.subject.stw | | Institutionalismus | | en_US |
| dc.subject.stw | | Neue Wachstumstheorie | | en_US |
| dc.subject.stw | | Schätzung | | en_US |
| dc.subject.stw | | Theorie | | en_US |
| dc.subject.stw | | Welt | | en_US |
| dc.title | | What determines the finance-growth nexus? An endogenous growth model and empirical evidence | | en_US |
| dc.type | | Working Paper | | en_US |
| dc.identifier.ppn | | 374131155 | | en_US |
| dc.rights | | http://www.econstor.eu/dspace/Nutzungsbedingungen | | en_US |
| dc.identifier.repec | | RePEc:zbw:tuddps:1503 | | - |
| Appears in Collections: | | Dresden Discussion Paper Series in Economics, Faculty of Business and Economics, TU Dresden
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