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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Autores principales: Zarzosa Valdivia, Fernando, Ayala, Simón Lisandro
Formato: conferenceObject
Lenguaje:Inglés
Publicado: Asociación Argentina de Economía Política 2021
Materias:
Acceso en línea:http://hdl.handle.net/11086/19426
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id I10-R14111086-19426
record_format dspace
institution Universidad Nacional de Córdoba
institution_str I-10
repository_str R-141
collection 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
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