Book Description
Stock markets, banks and economic growth: a reasonable extreme bounds analysis (Discussion paper, 99/4)
Author : Hafiz A. Akhand
Publisher : World Bank Publications
Page : 52 pages
File Size : 49,98 MB
Release : 1999
Category : Banks and banking
ISBN :
Stock markets, banks and economic growth: a reasonable extreme bounds analysis (Discussion paper, 99/4)
Author : Thorsten Beck
Publisher : World Bank Publications
Page : 30 pages
File Size : 42,31 MB
Release : 2001
Category :
ISBN :
Analysis of a panel data set for 1976-98 shows that on balance stock markets and banks positively influence economic growth; findings that do not result from biases induced by simultaneity, omitted variables, or unobserved country-specific effects.
Author : Thorsten Beck
Publisher :
Page : 50 pages
File Size : 48,94 MB
Release : 2002
Category : Banks and banking
ISBN :
This paper investigates the impact of stock markets and banks on economic growth using a panel data set for the period 1976-98 and applying recent GMM techniques developed for dynamic panels. On balance, we find that stock markets and banks positively influence economic growth and these findings are not due to potential biases induced by simultaneity, omitted variables or unobserved country-specific effects.
Author : Thorsten Beck
Publisher :
Page : 32 pages
File Size : 19,40 MB
Release : 2001
Category : Banks and banking
ISBN :
Analysis of a panel data set for 1976-98 shows that on balance stock markets and banks positively influence economic growth; findings that do not result from biases induced by simultaneity, omitted variables, or unobserved country-specific effects.
Author : Ross Levine
Publisher : World Bank Publications
Page : 32 pages
File Size : 31,34 MB
Release : 1996
Category : Aumentoa de la produccion
ISBN : 6101919153
Author : Thorsten Beck
Publisher :
Page : 24 pages
File Size : 42,64 MB
Release : 2004
Category :
ISBN :
Analysis of a panel data set for 1976-1998 shows that on balance stock markets and banks positively influence economic growth - findings that do not result from biases induced by simultaneity, omitted variables, or unobserved country-specific effects.Beck and Levine investigate the impact of stock markets and banks on economic growth using a panel data set for 1976-1998 and applying recent generalized method of moments (GMM) techniques developed for dynamic panels. The authors illustrate econometrically the differences that emerge from different panel procedures. On balance, stock markets and banks positively influence economic growth - and these findings are not a result of biases induced by simultaneity, omitted variables, or unobserved country-specific effects.This paper - a product of Finance, Development Research Group - is part of a larger effort in the group to understand the links between the financial system and economic growth. The authors may be contacted at [email protected] or [email protected].
Author : Ross Levine
Publisher :
Page : 52 pages
File Size : 26,96 MB
Release : 1996
Category : Banks and banking
ISBN :
Author : Sami Ben Naceur
Publisher :
Page : 18 pages
File Size : 17,62 MB
Release : 2005
Category :
ISBN :
Since few decades, a wide theoretical debate is concerned with the fundamental relationship between financial development and economic growth as well as the separate impact of banks on growth and financial markets on growth. Recent studies shed some light on the simultaneous effect of banks and financial development on growth. The empirical study is conducted using an unbalanced panel data from ten MENA region countries. Econometric issues will be based on estimation of a dynamic panel model with GMM estimators. Thus, peculiarities of MENA region countries will be detected. The empirical results reinforce the idea of no significant relationship between banking and stock market development, and growth. The association between stock markets and growth is even negative after controlling for bank development. This lack of relationship must be linked either to underdeveloped financial systems in the MENA region that hamper economic growth or to unstable growth rates in the region that affect the quality of the association between finance and growth. Moreover, in most transition economies the stock markets are very thin. This may lead to excessively volatile share prices. According to Singh (1997), stock price volatility may seriously hamper economic development.
Author : Karima Saci
Publisher :
Page : pages
File Size : 24,14 MB
Release : 2005
Category :
ISBN :
Author : Aslı Demirgüç-Kunt
Publisher : MIT Press
Page : 452 pages
File Size : 30,42 MB
Release : 2001
Category : Business & Economics
ISBN : 9780262541794
CD-ROM contains: World Bank data.