Non linearity between finance and growth

TitleNon linearity between finance and growth
Publication TypeWorking Paper
Year of Publication2001
AuthorsLG. Deidda, B. Fattouh
Number2001_04
Keywordseconomic de- velopment, economic growth, financial development, threshold regression**
Abstract

We present a simple model which establishes a non linear and possibly non monotonic relationship between financial development and economic growth. Applying a threshold regression model to King and Levine™s (1993) data set, we find evidence that is consistent with the main implications stemming from the theoretical model.

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