Is the Financial Development and Economic Growth Relationship Nonlinear?

Thanasis Stengos, Andreas Savvides (), Theofanis Mamuneas () and Elena Ketteni ()
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Elena Ketteni: University of Cyprus

Economics Bulletin, 2007, vol. 15, issue 14, 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.

JEL-codes: O1 (search for similar items in EconPapers)
Date: 2007-07-24
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Citations: View citations in EconPapers (22)

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