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Bank stocks inform higher growth—A System GMM analysis of ten emerging markets in Asia

Amit Mittal and Ajay Kumar Garg

The Quarterly Review of Economics and Finance, 2021, vol. 79, issue C, 210-220

Abstract: The paper aims to recover the critical role of banks in defining the relationship between Financial Development and growth. We hypothesize that Banks can positively motivate templatized GDP growth. A System GMM estimation of GDP growth in a sample of high growth emerging markets from Asia investigates if bank stocks contain information beyond the monetary and banking aggregates.

Keywords: Banks; Economic growth; Asia; Emerging markets; GMM system; 2-Step GMM (search for similar items in EconPapers)
JEL-codes: C23 F02 G02 G14 G21 (search for similar items in EconPapers)
Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:eee:quaeco:v:79:y:2021:i:c:p:210-220

DOI: 10.1016/j.qref.2020.06.002

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