Economic Growth and Financial Depth: Is the Relationship Extinct Already?

Paul Wachtel and Peter Rousseau

Working Papers from eSocialSciences

Abstract: Although the finance–growth nexus has become firmly entrenched in the empirical literature, studies that question the strength of the empirical results have appeared and seem to have become more frequent as well. A re-examination of the core cross- country panel results that established the relationship between financial depth and growth rates are done. The sensitivity of the core result to changes in time period and variation in the sample of countries included are also examined.

Keywords: finance–growth nexus; rolling regression; robustness; cross-country growth (search for similar items in EconPapers)
Date: 2010-11
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Related works:
Working Paper: Economic Growth and Financial Depth: Is the Relationship Extinct Already? (2005)
Working Paper: Economic Growth and Financial Depth: Is the Relationship Extinct Already? (2005)
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