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Kompletter Metadatensatz
DublinCore-Feld | Wert | Sprache |
---|---|---|
dc.contributor.author | Graff, Michael | en |
dc.date.accessioned | 2011-11-01T13:38:28Z | - |
dc.date.available | 2011-11-01T13:38:28Z | - |
dc.date.issued | 2005 | - |
dc.identifier.pi | doi:10.3929/ethz-a-005104837 | en |
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 |
dc.language.iso | eng | en |
dc.publisher | |aETH Zurich, KOF Swiss Economic Institute |cZurich | en |
dc.relation.ispartofseries | |aKOF Working Papers |x106 | en |
dc.subject.jel | O11 | en |
dc.subject.jel | P17 | en |
dc.subject.jel | C11 | en |
dc.subject.ddc | 330 | en |
dc.subject.keyword | Optimum financial activity | en |
dc.subject.keyword | Bayesian statistics | en |
dc.subject.keyword | bootstrapping | en |
dc.subject.stw | Finanzsektor | en |
dc.subject.stw | Entwicklung | en |
dc.subject.stw | Wirtschaftswachstum | en |
dc.subject.stw | Bayes-Statistik | en |
dc.subject.stw | Bootstrap-Verfahren | en |
dc.title | Is there an optimum level of financial activity? | - |
dc.type | Working Paper | en |
dc.identifier.ppn | 504233017 | en |
dc.rights | http://www.econstor.eu/dspace/Nutzungsbedingungen | en |
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