claim that finance promotes real economy via managing risk and decreasing transaction costs. Furthermore, the pro-growth e …

economic growth for South Africa. For this purpose, we data for 1965-2007 and set the estimation strategy under the ARDL … monotonic relationship between financial development and economic growth for South Africa. Trade openness and per capita real … capital are found as the other important determinants of economic growth in South Africa. …

private sector relative to GDP) and growth for a sample of 65 less developed countries over a long period, 1980-2006. Using …, the pooled mean group model and dynamic fixed effect model show two opposite long-term relationships: finance-to-growth … relationship is negative whereas growth-to-finance link is positive. …

The present study tries to understand the trends and determinants of economic growth in Indian states. For this, it …, the study concludes that although both the variables are highly correlated with economic growth, it is the social sector … development that is having higher impact on the economic growth. In terms of the role of financial sector, the results show that …

This paper provides a model to account for the empirical evidence that volatility reduces growth. In the model, greater … period. Hence, volatility reduces growth by deterring people from taking advantage of more productive technology. This model … growth by suggesting that totals factor productivity rather than the total factor accumulation is the key for growth. …

This study contributes to the debate on financial development and economic growth in Malaysia using quarterly … role in promoting economic growth. Policymakers should, therefore, focus their attention on the creation and promotion of …

Recent literature on financial development and growth has highlighted the possibility of endogenous business cycles … activity and neglect the role of credit to consumption. In this note, we consider an endogenous growth model, where a …

Following the literature on growth, cycles and financial development, this paper develops an endogenous growth model …

tax rate. Such financial deepening represents a form of capital market repression, not unlike the growth …