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

creativeworkseries.issn 1564-698X Yilmazkuday, Hakan 2013-05-20T21:40:45Z 2013-05-20T21:40:45Z 2011-05-31
dc.description.abstract 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 on long-run growth, (ii) small government sizes hurt the finance-growth nexus in low-income countries, while large government sizes hurt high-income countries, (iii) low levels of trade openness are sufficient for finance-growth nexus in high-income countries, but low-income countries need higher levels of trade openness for similar magnitudes of the finance-growth nexus, (iv) catch-up effects through the finance-growth nexus are higher for moderate per capita income levels. en
dc.identifier.citation World Bank Economic Review
dc.identifier.issn 1564-698X
dc.identifier.other doi:10.1093/wber/lhr011
dc.language.iso en_US
dc.publisher World Bank
dc.relation.ispartofseries World Bank Economic Review
dc.rights CC BY-NC-ND 3.0 IGO
dc.rights.holder World Bank
dc.subject diminishing returns
dc.subject disinflation
dc.subject Economic growth
dc.subject economic performance
dc.subject financial crisis
dc.subject GDP
dc.subject growth rate
dc.subject growth theories
dc.subject income levels
dc.subject industrialization
dc.subject inflation
dc.subject inflation rate
dc.subject inflation rates
dc.subject M1
dc.subject M3
dc.subject per capita income
dc.subject positive effects
dc.subject property rights
dc.subject regression analysis
dc.subject reserve requirements
dc.title Thresholds in the Finance-Growth Nexus : A Cross-Country Analysis en
dc.type Journal Article en
dc.type Article de journal fr
dc.type Artículo de revista es
dspace.entity.type Publication
okr.crosscuttingsolutionarea Jobs 2012-11-30
okr.doctype Journal Article
okr.globalpractice Macroeconomics and Fiscal Management
okr.globalpractice Social Protection and Labor
okr.globalpractice Poverty
okr.globalpractice Finance and Markets
okr.globalpractice Trade and Competitiveness
okr.identifier.doi 10.1093/wber/lhr011
okr.journal.nbpages 278-295
okr.language.supported en
okr.peerreview Academic Peer Review
okr.topic Finance and Financial Sector Development :: Access to Finance
okr.topic Finance and Financial Sector Development :: Debt Markets
okr.topic Macroeconomics and Economic Growth :: Economic Growth
okr.topic Macroeconomics and Economic Growth :: Economic Theory & Research
okr.topic Poverty Reduction :: Inequality
okr.topic Poverty Reduction :: Pro-Poor Growth
okr.topic Private Sector Development :: Emerging Markets
okr.topic Social Protections and Labor :: Labor Policies
okr.volume 25(2)
relation.isJournalIssueOfPublication ac7d5a59-3558-4044-b65c-98114b3c77b1
relation.isJournalOfPublication c41eae2f-cf94-449d-86b7-f062aebe893f
relation.isJournalVolumeOfPublication e0142101-3f2f-4335-8ea0-6dbed470dc64
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