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https://hdl.handle.net/10419/48136
Kompletter Metadatensatz
DublinCore-Feld | Wert | Sprache |
---|---|---|
dc.contributor.author | Graff, Michael | en |
dc.contributor.author | Karmann, Alexander | en |
dc.date.accessioned | 2011-07-13T10:44:31Z | - |
dc.date.available | 2011-07-13T10:44:31Z | - |
dc.date.issued | 2003 | - |
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 1960-2000 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 |
dc.language.iso | eng | en |
dc.publisher | |aTechnische Universität Dresden, Fakultät Wirtschaftswissenschaften |cDresden | en |
dc.relation.ispartofseries | |aDresden Discussion Paper Series in Economics |x15/03 | en |
dc.subject.jel | O16 | en |
dc.subject.jel | O42 | en |
dc.subject.jel | O57 | en |
dc.subject.ddc | 330 | en |
dc.subject.keyword | Financial Development | en |
dc.subject.keyword | Endogenous Growth | en |
dc.subject.keyword | Institutions | en |
dc.subject.keyword | Non-linearities | en |
dc.subject.stw | Finanzsektor | en |
dc.subject.stw | Entwicklung | en |
dc.subject.stw | Institutionalismus | en |
dc.subject.stw | Neue Wachstumstheorie | en |
dc.subject.stw | Schätzung | en |
dc.subject.stw | Theorie | en |
dc.subject.stw | Welt | en |
dc.title | What determines the finance-growth nexus? An endogenous growth model and empirical evidence | - |
dc.type | Working Paper | en |
dc.identifier.ppn | 82219578X | en |
dc.rights | http://www.econstor.eu/dspace/Nutzungsbedingungen | en |
dc.identifier.repec | RePEc:zbw:tuddps:1503 | en |
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