The Finance and Growth Nexus Re-Examined : Do All Countries Benefit Equally? /

The Finance and Growth Nexus Re-Examined : Do All Countries Benefit Equally? /

A large theoretical and empirical literature has focused on the impact of financial deepening on economic growth throughout the world. This paper contributes to the literature by investigating whether this impact differs across regions, income levels, and types of economy. Using a rich dataset for 1...

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Bibliografiset tiedot
Päätekijä: Barajas, Adolfo
Muut tekijät: Chami, Ralph, Yousefi, Seyed Reza
Aineistotyyppi: Aikakauslehti
Kieli:English
Julkaistu: Washington, D.C. : International Monetary Fund, 2013.
Sarja:IMF Working Papers; Working Paper ; No. 2013/130
Linkit:Full text available on IMF
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100 1 |a Barajas, Adolfo. 
245 1 4 |a The Finance and Growth Nexus Re-Examined :   |b Do All Countries Benefit Equally? /  |c Adolfo Barajas, Ralph Chami, Seyed Reza Yousefi. 
264 1 |a Washington, D.C. :  |b International Monetary Fund,  |c 2013. 
300 |a 1 online resource (47 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 A large theoretical and empirical literature has focused on the impact of financial deepening on economic growth throughout the world. This paper contributes to the literature by investigating whether this impact differs across regions, income levels, and types of economy. Using a rich dataset for 150 countries for the period 1975-2005, dynamic panel estimation results suggest that the beneficial effect of financial deepening on economic growth in fact displays measurable heterogeneity; it is generally smaller in oil exporting countries; in certain regions, such as the Middle East and North Africa (MENA); and in lower-income countries. Further analysis suggests that these differences might be driven by regulatory/supervisory characteristics and related to differences in the ability to provide widespread access to financial services. 
538 |a Mode of access: Internet 
700 1 |a Chami, Ralph. 
700 1 |a Yousefi, Seyed Reza. 
830 0 |a IMF Working Papers; Working Paper ;  |v No. 2013/130 
856 4 0 |z Full text available on IMF  |u http://elibrary.imf.org/view/journals/001/2013/130/001.2013.issue-130-en.xml  |z IMF e-Library 

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