Endre søk
RefereraExporteraLink to record
Permanent link

Direct link
Referera
Referensformat
  • apa
  • ieee
  • modern-language-association-8th-edition
  • vancouver
  • Annet format
Fler format
Språk
  • de-DE
  • en-GB
  • en-US
  • fi-FI
  • nn-NO
  • nn-NB
  • sv-SE
  • Annet språk
Fler språk
Utmatningsformat
  • html
  • text
  • asciidoc
  • rtf
Non-linear Growth Impacts of Financial Development in Euro Area
Högskolan Väst, Institutionen för ekonomi och it, Avd för juridik, politik och ekonomi.ORCID-id: 0000-0002-5176-9253
2012 (engelsk)Inngår i: International Journal of Economics and Finance, ISSN 1916-9728, E-ISSN 1916-971X, Vol. 4, nr 12, s. 23-38Artikkel i tidsskrift (Fagfellevurdert) Published
Abstract [en]

Using GMM model and data from 11 Euro Area countries and 5 non-Euro countries over the period 1989 to 2011, we explore the nonlinear effects of financial development on the performance of Euro Area economy that is: its growth, capital accumulation, investment and productivity. Four measures of financial developments are examined, namely, liquidity, size, volatility and bank’s loans to private enterprises. Special consideration is devoted to modeling threshold effects of public debt that has increased substantially in recent years in several Euro countries. We found that the effect of stock market size is always positive whether we consider the level of real per capita income or its growth. However, the effect of banking sector, volatility, liquidity and public debt are generally negative. In addition, we find support for the channels of investment, saving, total factor productivity, and capital intensity. For all the four channels, the results indicate a significant negative link between banking development and volatility of stock returns. The impact of debt on growth seems to be negative with the turning point of public debt likely to be between 45-65%.

sted, utgiver, år, opplag, sider
2012. Vol. 4, nr 12, s. 23-38
Emneord [en]
GMM, nonlinear, financial development, volatility, threshold
HSV kategori
Forskningsprogram
SAMHÄLLSVETENSKAP, Nationalekonomi
Identifikatorer
URN: urn:nbn:se:hv:diva-4760DOI: 10.5539/ijef.v4n12p23OAI: oai:DiVA.org:hv-4760DiVA, id: diva2:562351
Tilgjengelig fra: 2012-12-20 Laget: 2012-10-24 Sist oppdatert: 2019-04-29bibliografisk kontrollert

Open Access i DiVA

Non-linear Growth Impacts.pdf(850 kB)414 nedlastinger
Filinformasjon
Fil FULLTEXT01.pdfFilstørrelse 850 kBChecksum SHA-512
1ae0640ef7a3a05f20535e99e6df1d0313d33fe9668168f86cd9f78342efbc10c237116fe64fd0d9c94977b2f02c0e153286925d884143a5d7036436e18cb5ee
Type fulltextMimetype application/pdf

Andre lenker

Forlagets fulltekstTidskriften

Personposter BETA

Asal, Maher

Søk i DiVA

Av forfatter/redaktør
Asal, Maher
Av organisasjonen
I samme tidsskrift
International Journal of Economics and Finance

Søk utenfor DiVA

GoogleGoogle Scholar
Totalt: 414 nedlastinger
Antall nedlastinger er summen av alle nedlastinger av alle fulltekster. Det kan for eksempel være tidligere versjoner som er ikke lenger tilgjengelige

doi
urn-nbn

Altmetric

doi
urn-nbn
Totalt: 407 treff
RefereraExporteraLink to record
Permanent link

Direct link
Referera
Referensformat
  • apa
  • ieee
  • modern-language-association-8th-edition
  • vancouver
  • Annet format
Fler format
Språk
  • de-DE
  • en-GB
  • en-US
  • fi-FI
  • nn-NO
  • nn-NB
  • sv-SE
  • Annet språk
Fler språk
Utmatningsformat
  • html
  • text
  • asciidoc
  • rtf