Thresholds in the Finance-Growth Nexus : A Cross-Country Analysis

Thresholds in the Finance-Growth Nexus : A Cross-Country Analysis

Thresholds of inflation, government size, trade openness, and per capita income for the finance-growth nexus are investigated using five-year averages of standard variables for 84 countries from 1965 to 2004. The results suggest that (i) high inflation crowds out positive effects of financial depth...

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Bibliographic Details
Main Author: Yilmazkuday, Hakan
Format: Journal Article
Language:en_US
Published: World Bank 2013
Subjects:
diminishing returns
disinflation
Economic growth
economic performance
financial crisis
GDP
growth rate
growth theories
income levels
industrialization
inflation
inflation rate
inflation rates
M1
M3
per capita income
positive effects
property rights
regression analysis
reserve requirements
Online Access:http://hdl.handle.net/10986/13475

Internet

http://hdl.handle.net/10986/13475

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