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Financial Development and Economic Growth: A Study for OECD Countries in the Context of Crisis
| Content Provider | Scilit |
|---|---|
| Author | Afonso, Antonio Arana, Carmen Blanco |
| Copyright Year | 2018 |
| Description | Journal: Ssrn Electronic Journal We revisit the relationship between economic growth and financial development in OECD countries during the period 1990-2016, paying special attention to the recent economic crisis. Using a random effects model, we find that an increase in domestic credit provided by the financial-sector, in market capitalization and in the turnover ratio of domestic shares entails a significant positive effect on per capita GDP. We also find different effects during the period of the crisis on domestic credit provided by the financial-sector and on market capitalization. Among other socioeconomic determinants related to economic growth, expenditure in education, inflation and unemployment rates appear highly significant for economic growth of the analysed countries. |
| Related Links | https://riuma.uma.es/xmlui/bitstream/10630/16024/1/RESUMEN_8THMIRDEC.pdf https://papers.ssrn.com/sol3/Delivery.cfm?abstractid=3224317 |
| ISSN | 10914358 |
| e-ISSN | 15565068 |
| DOI | 10.2139/ssrn.3224317 |
| Journal | Ssrn Electronic Journal |
| Language | English |
| Publisher | Elsevier BV |
| Publisher Date | 2018-08-01 |
| Access Restriction | Open |
| Subject Keyword | Journal: Ssrn Electronic Journal Development Studies Financial Development Economic Growth Panel Data Random Effects Model |
| Content Type | Text |
| Resource Type | Article |
| Subject | Public Health, Environmental and Occupational Health Psychiatry and Mental Health |
