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Financial development and economic growth: a panel approach

Lookup NU author(s): Dr Philip Dawson

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Abstract

This article examines the finance-growth nexus for a panel of less developed countries using panel cointegration methods. The financial development elasticity of gross domestic product is 0.46, and this varies little between broad income groups.

Publication metadata

Author(s): Dawson PJ

Publication type: Article

Publication status: Published

Journal: Applied Economics Letters

Year: 2010

Volume: 17

Issue: 8

Pages: 741-745

Date deposited: 05/10/2010

ISSN (print): 1350-4851

ISSN (electronic): 1466-4291

Publisher: Routledge

URL: http://dx.doi.org/10.1080/13504850802314411

DOI: 10.1080/13504850802314411

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