Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/63251 
Erscheinungsjahr: 
2007
Schriftenreihe/Nr.: 
WIDER Research Paper No. 2007/13
Verlag: 
The United Nations University World Institute for Development Economics Research (UNU-WIDER), Helsinki
Zusammenfassung: 
This study is an attempt towards an integration of financial development and its effect on the real sector via the transmission mechanism with special reference to developing and emerging market economies. It finds two cointegrating relations between the financial development, output growth and allocation of credit which makes sense from the standpoint of economic theory. The paper also addresses the issue of causality between finance and growth for the aggregate and broad sectors of the economy. The relations, however, are not similar across the broad sectors of the economy and thus have separate policy implications for different sectors.
Schlagwörter: 
financial institutions
financial development
transmission mechanism
credit
cointegration
JEL: 
C3
E5
G2
ISBN: 
9291909521=978-92-9190-952-0
Dokumentart: 
Working Paper

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