Financial Development and Economic Growth : An Economic Analysis for Singapore /

With the emergence of the rapidly expanding literature on endogenous growth, the relationship between financial development and economic growth has received a new source of inspiration. Recent cointegration techniques that focus on the estimation and the identification of long-run economic relations...

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Библиографические подробности
Главный автор: Leigh, Lamin
Формат: Журнал
Язык:English
Опубликовано: Washington, D.C. : International Monetary Fund, 1996.
Серии:IMF Working Papers; Working Paper ; No. 1996/015
Online-ссылка:Full text available on IMF
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245 1 0 |a Financial Development and Economic Growth :   |b An Economic Analysis for Singapore /  |c Lamin Leigh. 
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300 |a 1 online resource (58 pages) 
490 1 |a IMF Working Papers 
500 |a <strong>Off-Campus Access:</strong> No User ID or Password Required 
500 |a <strong>On-Campus Access:</strong> No User ID or Password Required 
506 |a Electronic access restricted to authorized BRAC University faculty, staff and students 
520 3 |a With the emergence of the rapidly expanding literature on endogenous growth, the relationship between financial development and economic growth has received a new source of inspiration. Recent cointegration techniques that focus on the estimation and the identification of long-run economic relationship(s) between data variables are particularly appropriate to the study of long run endogenous growth models. This paper has applied these techniques to the Singapore data using a supply-side framework. By and large, the econometric analysis in this paper has yielded results that are in line with predictions of endogenous growth models. In particular, we find that financial development positively affects both transitional and long-run growth in Singapore. 
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830 0 |a IMF Working Papers; Working Paper ;  |v No. 1996/015 
856 4 0 |z Full text available on IMF  |u http://elibrary.imf.org/view/journals/001/1996/015/001.1996.issue-015-en.xml  |z IMF e-Library