Financial Development and Economic Growth: a Meta-Analysis

Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F00216208%3A11230%2F15%3A10297807" target="_blank" >RIV/00216208:11230/15:10297807 - isvavai.cz</a>
Result on the web
<a href="http://dx.doi.org/10.1111/joes.12068" target="_blank" >http://dx.doi.org/10.1111/joes.12068</a>
DOI - Digital Object Identifier
<a href="http://dx.doi.org/10.1111/joes.12068" target="_blank" >10.1111/joes.12068</a>

Result language
angličtina
Original language name
Financial Development and Economic Growth: a Meta-Analysis
Original language description
We analyze 1334 estimates from 67 studies that examine the effect of financial development on economic growth. Taken together, the studies imply a positive and statistically significant effect, but the individual estimates vary widely. We find that bothresearch design and heterogeneity in the underlying effect play a role in explaining the differences in results. Studies that do not address endogeneity tend to overstate the effect of finance on growth. While the effect seems to be weaker in less developed countries, the effect decreases worldwide after the 1980s. Our results also suggest that stock markets support faster economic growth than other financial intermediaries.
Czech name
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Czech description
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Type
J<sub>x</sub> - Unclassified - Peer-reviewed scientific article (Jimp, Jsc and Jost)
CEP classification
AH - Economics
OECD FORD branch
—

Project
Result was created during the realization of more than one project. More information in the Projects tab.
Continuities
S - Specificky vyzkum na vysokych skolach

Publication year
2015
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

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