Financial development and economic growth

Boopen Seetanah · Taruna Shalini Ramessur · Sawkut Rojid

50 citations0/0 files storedJournal of Economic Studies

No readable copy stored yet — this record is metadata only.

No open-access location is known for this record yet.

Literature note Cite in a project Citation map

Monetary Policy and Economic Impact Economic Growth and Productivity Economic Growth and Development

Abstract

Purpose The purpose of this paper is to test the hypothesis that there exists a positive link between financial development and economic growth in island economies. Design/methodology/approach To study this relationship both static and dynamic panel data techniques (GMM) are used for a sample of 20 island economies over a period of 22 years. Findings Results from the fixed effect estimates show that financial development has a positive contribution on the output level of the islands. The positive link is also validated using GMM panel estimates and interestingly the presence of dynamics in the modelling is detected. Originality/value This research narrows the gap that exists in literature as much of the research in this field deals with only developed countries and very few with developing countries. To the best of the authors' knowledge, no studies have looked into a set of island economies – this study is the first of its kind.

Paper brief

Loading…

Cite this work

Citation unavailable for this work.

BibTeX RIS CSL-JSON

No public copy is stored for this record, so only the metadata is cited.

Citations in this library

Citation map →

Stored only when both papers are in the corpus — 50 citations exist upstream.

References

2003The Theory of Economic Development 2003Testing for unit roots in heterogeneous panels 1993Finance and Growth: Schumpeter Might Be Right 2000Financial intermediation and growth: Causality and causes 1996Stock Markets, Banks, and Economic Growth 1974Money and Capital in Economic Development.2000Finance and the sources of growth 1974Shaw, Edward S., Financial Deepening in Economic Development, New York, Oxford University Press, 1973, xii + 260 pp. ($7.50 cloth, $3.50 paper)

Cited by

2020Non-linear threshold effect of financial development on renewable energy consumption: evidence from panel smooth transition regression approach 2014Insurance-growth nexus in Ghana: An autoregressive distributed lag bounds cointegration approach 2019Attaining economic growth through financial development and foreign direct investment 2010Determinants of Financial Development: The Case of Mauritius 2011Fragmentation in the automobile manufacturing industry: evidence from Portugal

Explore the map →

Papers that cite the same references — the relational fallback while embeddings are still backfilling.

Imported from OpenAlex (CC0) — nothing here is generated.