We present a simple model which establishes a non-linear and possibly non-monotonic relationship between financial development and economic growth. Applying a threshold regression model to King and Levine’s (Q. J. Econ. 109 (1993) 83) data set, we find evidence consistent with the theoretical model.
Non Linearity Between Finance and Growth / Deidda, Luca Gabriele; Fattouh, B.. - In: ECONOMICS LETTERS. - ISSN 0165-1765. - 74:(2002), pp. 339-345.
Non Linearity Between Finance and Growth
DEIDDA, Luca Gabriele;
2002-01-01
Abstract
We present a simple model which establishes a non-linear and possibly non-monotonic relationship between financial development and economic growth. Applying a threshold regression model to King and Levine’s (Q. J. Econ. 109 (1993) 83) data set, we find evidence consistent with the theoretical model.File in questo prodotto:
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