Semantic Scholar Open Access 2014 823 sitasi

Does too much finance harm economic growth

S. Law Nirvikar Singh

Lihat Sumber DOI

Abstrak

This study provides new evidence on the relationship between finance and economic growth using an innovative dynamic panel threshold technique. The sample consists of 87 developed and developing countries. The empirical results indicate that there is a threshold effect in the finance–growth relationship. In particular, we find that the level of financial development is beneficial to growth only up to a certain threshold; beyond the threshold level further development of finance tends to adversely affect growth. These findings reveal that more finance is not necessarily good for economic growth and highlight that an “optimal” level of financial development is more crucial in facilitating growth.

Topik & Kata Kunci

Economics Business

Penulis (2)

S. Law

Nirvikar Singh

Format Sitasi

APA MLA BibTeX

Law, S., Singh, N. (2014). Does too much finance harm economic growth. https://doi.org/10.1016/J.JBANKFIN.2013.12.020

Akses Cepat

Lihat di Sumber doi.org/10.1016/J.JBANKFIN.2013.12.020

Informasi Jurnal

Tahun Terbit: 2014
Bahasa: en
Total Sitasi: 823×
Sumber Database: Semantic Scholar
DOI: 10.1016/J.JBANKFIN.2013.12.020
Akses: Open Access ✓