EconPapers    
Economics at your fingertips  
 

Finance and Growth: Institutional Considerations, Financial Policies and Causality

Philip Arestis and Panicos Demetriades ()

Zagreb International Review of Economics and Business, 1999, vol. 2, issue 1, 37-62

Abstract: Authors in this article suggest that country specific institutional factors and policies are likely to influence the causal nature of the relationship between financial development and economic growth. Authors conduct cointegration and causality tests using time series data for twelve representative countries. The empirical results show considerable variation of causality across countries which can be explained by institutional and policy differences, providing support to the main hypothesis.

Keywords: financial development; economic growth; causality; financial system (search for similar items in EconPapers)
JEL-codes: O16 O23 E44 (search for similar items in EconPapers)
Date: 1999
References: Add references at CitEc
Citations: View citations in EconPapers (6) Track citations by RSS feed

Downloads: (external link)
http://www.efzg.hr/default.aspx?id=2698 (text/html)
Abstract only available on-line

Related works:
Working Paper: Finance and Growth: Insitututional Considerations, Financial Policies and Causality (1997)
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:zag:zirebs:v:2:y:1999:i:1:p:37-62

Ordering information: This journal article can be ordered from
Zagreb International Review of Economics and Business, Faculty of Economics and Business, Trg J. F. Kennedy 6, 10000 Zagreb, Croatia.
http://www.efzg.hr/default.aspx?id=6045

Access Statistics for this article

Zagreb International Review of Economics and Business is currently edited by Soumitra Sharma

More articles in Zagreb International Review of Economics and Business from Faculty of Economics and Business, University of Zagreb Contact information at EDIRC.
Bibliographic data for series maintained by Jurica Šimurina (). This e-mail address is bad, please contact .

 
Page updated 2020-07-22
Handle: RePEc:zag:zirebs:v:2:y:1999:i:1:p:37-62