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Eidgenössische Technische Hochschule (ETH) Zürich >
KOF Konjunkturforschungsstelle, ETH Zürich >
KOF Working Papers, KOF Konjunkturforschungsstelle, ETH Zürich >
Please use this identifier to cite or link to this item:
http://hdl.handle.net/10419/50893
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Full metadata record
| DC Field | | Value | | Language |
| dc.contributor.author | | Graff, Michael | | en_US |
| dc.date.accessioned | | 2011-11-01T13:38:28Z | | - |
| dc.date.available | | 2011-11-01T13:38:28Z | | - |
| dc.date.issued | | 2005 | | en_US |
| dc.identifier.pi | | doi:10.3929/ethz-a-005104837 | | en_US |
| dc.identifier.uri | | http://hdl.handle.net/10419/50893 | | - |
| dc.description.abstract | | This paper addresses the notion of an optimum level of financial activity that is contingent on a country's general level of development. Referring to threshold regressions and a bootstrap test for structural shift of the finance regressor in a growth equation, it is shown that countries gain less from a given level of financial activity, if the latter fails to keep up with or exceeds what would follow from a balanced expansion path. The paper contributes to the literature on the finance-growth nexus in providing empirical support for the notion of balanced financial development with a development specific optimum level of financial activity. | | en_US |
| dc.language.iso | | eng | | en_US |
| dc.publisher | | KOF Zürich | | en_US |
| dc.relation.ispartofseries | | Arbeitspapiere // Konjunkturforschungsstelle, Eidgenössische Technische Hochschule Zürich 106 | | en_US |
| dc.subject.jel | | O11 | | en_US |
| dc.subject.jel | | P17 | | en_US |
| dc.subject.jel | | C11 | | en_US |
| dc.subject.ddc | | 330 | | en_US |
| dc.subject.keyword | | Optimum financial activity | | en_US |
| dc.subject.keyword | | Bayesian statistics | | en_US |
| dc.subject.keyword | | bootstrapping | | en_US |
| dc.subject.stw | | Finanzsektor | | en_US |
| dc.subject.stw | | Entwicklung | | en_US |
| dc.subject.stw | | Wirtschaftswachstum | | en_US |
| dc.subject.stw | | Bayes-Statistik | | en_US |
| dc.subject.stw | | Bootstrap-Verfahren | | en_US |
| dc.title | | Is there an optimum level of financial activity? | | en_US |
| dc.type | | Working Paper | | en_US |
| dc.identifier.ppn | | 504233017 | | en_US |
| dc.rights | | http://www.econstor.eu/dspace/Nutzungsbedingungen | | en_US |
| Appears in Collections: | | KOF Working Papers, KOF Konjunkturforschungsstelle, ETH Zürich
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