Is the Financial Development and Economic Growth Relationship Nonlinear?

Elena Ketteni (), Theofanis P. Mamuneas (), Andreas Savvides () and Thanasis Stengos ()
Additional contact information
Elena Ketteni: University of Cyprus
Andreas Savvides: Oklahoma State University

Economics Bulletin, 2007, vol. 15, issue 14, pages 1-12

Abstract: Using nonparametric estimation techniques we find that, in contrast to recent research, the finance-growth relationship is linear when the previously documented nonlinearity between initial per capita income, human capital and economic growth is taken into account.

Keywords: Cross Country Growth Regressions; Financial Development; Semiparametric Additive Linear Model. (search for similar items in EconPapers)
JEL-codes: O1 C4 (search for similar items in EconPapers)
Date: 2007 Written 2007-07-24

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Related works:
Working Paper: Is the Financial Development and Economic Growth Relationship Nonlinear? (2005)
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