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Financial Development and Economic Growth: The Role of Stock Markets
Utilizing time series methods and data from five developed economies, we examine the relationship between stock market development and economic growth, controlling for the effects of the banking… Expand
A quantitative reassessment of the finance-growth nexus: evidence from a multivariate VAR
Abstract The long-run relationship between financial development and economic growth is examined in a multivariate vector autoregression (VAR) framework using 10 sample countries. Difficulties… Expand
Financial structure and economic growth
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… Expand
The Direct Costs of Financial Repression: Evidence From India
This paper provides evidence that suggests that financial repression has substantial direct effects on financial development, independently of its well-known influence through the level of the real… Expand
Financial Development, Economic Growth and Banker Sector Controls: Evidence from India
This paper uses newly collected data from the Reserve Bank of India to examine the effects of various types of banking sector controls on the process of financial deepening. With the exception of a… Expand
Government Solvency: Revisiting some EMU Countries
Corsetti and Roubini [Corsetti, G., Roubini, N., 1991. Fiscal deficits, public debt and government solvency: Evidence from OECD countries. Journal of Japanese and International Economies 5, 354–380]… Expand
Real exchange rate behaviour: evidence from black markets
- K. Luintel
- 1 March 2000
The behaviour of real exchange rates (relative to the US dollar) is examined using monthly data obtained from the black markets for foreign exchange of eight Asian developing countries. The data span… Expand
Heterogeneous Panel Unit Root Tests and Purchasing Power Parity
- K. Luintel
Doubts have been raised recently on the findings of panel studies of purchasing power parity (PPP) on the grounds that they ignore serial correlation and cross-sectional dependence, and consequently… Expand
Does Financial Structure Matter?
We address the issue of whether financial structure influences economic growth. Three competing views of financial structure exist in the literature: the bank-based, the market-based and the… Expand
Sources of Knowledge and Productivity: How Robust is the Relationship?
We estimate domestic productivity relationships for a sample of 16 OECD countries through probably the most general specification yet. We identify ten key determinants of productivity - all derived… Expand