Campos, Nauro; Karanasosa, Menelaos; Koutroumpis, Panagiotis - 2019
This study revisits the growth-finance nexus using a new econometric approach and unique data set. In particular by … growth and, on the other, how it changes over time. The main finding is that financial development has a mixed positive and … negative time-varying impact on economic growth, which significantly depends on jointly estimated trade openness thresholds …