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Stock Markets, Banks, and Growth: Panel Evidence / Thorsten Beck, Ross Levine.
- Format:
- Book
- Author/Creator:
- Beck, Thorsten.
- Series:
- Working Paper Series (National Bureau of Economic Research) no. w9082.
- NBER working paper series no. w9082
- Language:
- English
- Physical Description:
- 1 online resource: illustrations (black and white);
- Other Title:
- Stock Markets, Banks, and Growth
- Place of Publication:
- Cambridge, Mass. National Bureau of Economic Research 2002.
- Summary:
- This paper investigates the impact of stock markets and banks on economic growth using a panel data set for the period 1976-98 and applying recent GMM techniques developed for dynamic panels. On balance, we find that stock markets and banks positively influence economic growth and these findings are not due to potential biases induced by simultaneity, omitted variables or unobserved country-specific effects.
- Notes:
- Print version record
- July 2002.
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