Financial structure and economic growth Export

@article{citeulike:2472174, abstract = {Recent empirical work on financial structure and economic growth analyzes multi-country dataset in panel and/or cross-section frameworks and concludes that financial structure is irrelevant. We highlight their shortcomings and re-examine this issue utilizing a time series and a Dynamic Heterogeneous Panel methods. Our sample consists of fourteen countries. Tests reveal that cross-country data cannot be pooled. Financial structure significantly explains output levels in most countries. The results are rigorously scrutinized through bootstrap exercises and they are robust to extensive sensitivity tests. We also test for several hypotheses about the prospective role of financial structure and financial development on economic growth.}, author = {Luintel, Kul B. and Khan, Mosahid and Arestis, Philip and Theodoridis, Konstantinos}, citeulike-article-id = {2472174}, citeulike-linkout-0 = {http://dx.doi.org/10.1016/j.jdeveco.2007.11.006}, citeulike-linkout-1 = {http://www.sciencedirect.com/science/article/B6VBV-4R8NBGJ-1/2/837c8d1e81ad215f54f3481d7424d19a}, doi = {10.1016/j.jdeveco.2007.11.006}, journal = {Journal of Development Economics}, keywords = {finance, growth}, month = {April}, number = {1}, pages = {181--200}, posted-at = {2008-03-05 11:26:04}, priority = {2}, title = {Financial structure and economic growth}, url = {http://dx.doi.org/10.1016/j.jdeveco.2007.11.006}, volume = {86}, year = {2008} }

TY - JOUR ID - citeulike:2472174 L3 - citeulike-article-id:2472174 N2 - Recent empirical work on financial structure and economic growth analyzes multi-country dataset in panel and/or cross-section frameworks and concludes that financial structure is irrelevant. We highlight their shortcomings and re-examine this issue utilizing a time series and a Dynamic Heterogeneous Panel methods. Our sample consists of fourteen countries. Tests reveal that cross-country data cannot be pooled. Financial structure significantly explains output levels in most countries. The results are rigorously scrutinized through bootstrap exercises and they are robust to extensive sensitivity tests. We also test for several hypotheses about the prospective role of financial structure and financial development on economic growth. IS - 1 JF - Journal of Development Economics EP - 200 TI - Financial structure and economic growth VL - 86 SP - 181 KW - finance KW - growth AU - Luintel, Kul AU - Khan, Mosahid AU - Arestis, Philip AU - Theodoridis, Konstantinos PY - 2008/04// UR - http://dx.doi.org/10.1016/j.jdeveco.2007.11.006 ER -