Non-linearity between finance and growth

被引：251

作者：

Deidda, L

Fattouh, B

机构：

[1] Univ London Sch Oriental & African Studies, Ctr Financial & Management Studies, London WC1H 0XG, England

[2] Univ Cagliari & Sassari, CRENoS, Cagliari, Italy

来源：

ECONOMICS LETTERS | 2002年 / 74卷 / 03期

关键词：

financial development; economic growth; economic development; threshold regression;

D O I：

10.1016/S0165-1765(01)00571-7

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

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. (C) 2002 Elsevier Science B.V. All rights reserved.

引用

页码：339 / 345

页数：7

共 13 条

[1] Was Prometheus unbound by chance? Risk, diversification, and growth [J].