Structural breaks in financial share, savings and growth in OECD: 1960-92

Thomas Lindh and Tomas Lindstrom

Applied Economics, 1997, vol. 29, issue 1, 33-41

Abstract: Indivisibilities in extending financial markets imply level shifts in the financial cost share. This could induce growth and savings slumps. We search for structural breaks in the financial sector share of seven OECD countries and relate these to changes in GDP growth and the savings share. The event patterns of these macro series are classified and weighted by typicities. Financial structural breaks are associated with decreased savings but ambiguous with respect to growth. We conjecture that most of the period is a successive transition to increasing financial shares accompanied by lower savings and more sluggish growth.

Date: 1997
References: View complete reference list from CitEc
Citations:

Downloads: (external link)
http://www.tandfonline.com/doi/abs/10.1080/000368497327371 (text/html)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:taf:applec:v:29:y:1997:i:1:p:33-41

Ordering information: This journal article can be ordered from
http://www.tandfonline.com/pricing/journal/RAEC20

DOI: 10.1080/000368497327371

Access Statistics for this article

Applied Economics is currently edited by Anita Phillips

More articles in Applied Economics from Taylor & Francis Journals
Bibliographic data for series maintained by Chris Longhurst ().