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Financial structure and economic growth: evidence from time series analyses

Arestis, Philip, Luintel, Ambika D. and Luintel, Kul ORCID: 2010. Financial structure and economic growth: evidence from time series analyses. Applied Financial Economics 20 (19) , pp. 1479-1492. 10.1080/09603107.2010.508716

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This article examines whether financial structure influences economic growth. Recent empirical studies examine this issue by utilizing panel and cross-section approaches. We use time series data and methods, along with the dynamic heterogeneous panel approach in a sample of six low and middle income countries. We find that cross country data cannot be pooled and that financial structure significantly affects real per capita output. We also find that panel estimates, in most cases, do not correspond to country specific estimates, and hence may proffer incorrect inferences for several countries of the panel.

Item Type: Article
Date Type: Publication
Status: Published
Schools: Business (Including Economics)
Subjects: H Social Sciences > HB Economic Theory
H Social Sciences > HF Commerce
H Social Sciences > HG Finance
Publisher: Routledge
ISSN: 0960-3107
Last Modified: 19 Oct 2022 08:36

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