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Banking sector development and economic growth in developing countries: a bootstrap panel Granger causality analysis
| Content Provider | Semantic Scholar |
|---|---|
| Author | Mhadhbi, Khalil Terzi, Chokri Bouchrika, Ali |
| Copyright Year | 2019 |
| Abstract | AbstractThe purpose of this paper is to revisit the Granger causal relationship between banking sector development and economic growth for forty developing countries in the period 1970–2012. In order to capture the different aspects of banking sector development, we use two banking sector development indices and apply a panel bootstrap approach to Granger causality testing which takes into account cross-sectional dependence and heterogeneity issues. The empirical results show limited support for the supply-leading, demand-following and complementarity hypotheses, but provide evidence for a causal relationship between banking sector development and economic growth in twenty-five countries. |
| Starting Page | 1 |
| Ending Page | 20 |
| Page Count | 20 |
| File Format | PDF HTM / HTML |
| DOI | 10.1007/s00181-019-01670-z |
| Alternate Webpage(s) | https://hal.archives-ouvertes.fr/hal-01528104/document |
| Alternate Webpage(s) | https://doi.org/10.1007/s00181-019-01670-z |
| Language | English |
| Access Restriction | Open |
| Content Type | Text |
| Resource Type | Article |
