Dufrénot, Gilles; Mignon, Valérie; Peguin-Feissolle, Anne - HAL - 2008
We revisit the evidence of the existence of a long-run link between financial intermediation and economic growth, by … testing of cointegration between the growth rate of real GDP, control variables and three series reflecting financial … intermediation. We consider a model with a factor structure that allows us to determine whether the finance-growth link is due to …