Mapping the elasticity of economic growth to financial development: A 1980 - 2012 empirical analysis for 100 countries
This research analyzes the impact of financial development on economic growth for a set of 100 countries. It applies cointegration methods taking into account country heterogeneities, which have not been studied up to now at a detailed level. Financial development is measured by a broad index or on...
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Asociación Argentina de Economía Política
2021
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Acceso en línea: | http://hdl.handle.net/11086/19426 |
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I10-R14111086-19426 |
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Universidad Nacional de Córdoba |
institution_str |
I-10 |
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R-141 |
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Repositorio Digital Universitario (UNC) |
language |
Inglés |
topic |
Financial development Economic growth Elasticities Cointegration |
spellingShingle |
Financial development Economic growth Elasticities Cointegration Zarzosa Valdivia, Fernando Ayala, Simón Lisandro Mapping the elasticity of economic growth to financial development: A 1980 - 2012 empirical analysis for 100 countries |
topic_facet |
Financial development Economic growth Elasticities Cointegration |
description |
This research analyzes the impact of financial development on economic growth for a set of 100 countries. It applies cointegration methods taking into account country heterogeneities, which have not been studied up to now at a detailed level.
Financial development is measured by a broad index or one of its three dimensions
(deepness, accessibility and efficiency). Mapping the estimated elasticities of economic growth to financial development, deepness and accessibility exhibit, graphically, a bellshaped quadratic form. The evidence of strong country heterogeneity suggests that policy prescriptions should take into account the idiosyncratic factors of each country. |
format |
conferenceObject |
author |
Zarzosa Valdivia, Fernando Ayala, Simón Lisandro |
author_facet |
Zarzosa Valdivia, Fernando Ayala, Simón Lisandro |
author_sort |
Zarzosa Valdivia, Fernando |
title |
Mapping the elasticity of economic growth to financial development: A 1980 - 2012 empirical analysis for 100 countries |
title_short |
Mapping the elasticity of economic growth to financial development: A 1980 - 2012 empirical analysis for 100 countries |
title_full |
Mapping the elasticity of economic growth to financial development: A 1980 - 2012 empirical analysis for 100 countries |
title_fullStr |
Mapping the elasticity of economic growth to financial development: A 1980 - 2012 empirical analysis for 100 countries |
title_full_unstemmed |
Mapping the elasticity of economic growth to financial development: A 1980 - 2012 empirical analysis for 100 countries |
title_sort |
mapping the elasticity of economic growth to financial development: a 1980 - 2012 empirical analysis for 100 countries |
publisher |
Asociación Argentina de Economía Política |
publishDate |
2021 |
url |
http://hdl.handle.net/11086/19426 |
work_keys_str_mv |
AT zarzosavaldiviafernando mappingtheelasticityofeconomicgrowthtofinancialdevelopmenta19802012empiricalanalysisfor100countries AT ayalasimonlisandro mappingtheelasticityofeconomicgrowthtofinancialdevelopmenta19802012empiricalanalysisfor100countries |
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Repositorios |
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