What type of finance matters for growth? Bayesian model averaging evidence
The result's identifiers
Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F00216208%3A11230%2F18%3A10375940" target="_blank" >RIV/00216208:11230/18:10375940 - isvavai.cz</a>
Alternative codes found
RIV/67985556:_____/18:00466516
Result on the web
<a href="https://doi.org/10.1093/wber/lhw029" target="_blank" >https://doi.org/10.1093/wber/lhw029</a>
DOI - Digital Object Identifier
<a href="http://dx.doi.org/10.1093/wber/lhw029" target="_blank" >10.1093/wber/lhw029</a>
Alternative languages
Result language
angličtina
Original language name
What type of finance matters for growth? Bayesian model averaging evidence
Original language description
We examine the effect of finance on long-term economic growth using Bayesian model averaging to address model uncertainty in cross-country growth regressions. The literature largely focuses on financial indicators that assess the financial depth of banks and stock markets. We examine these indicators jointly with newly developed indicators that assess the stability and efficiency of financial markets. Once we subject the finance-growth regressions to model uncertainty, our results suggest that commonly used indicators of financial development are not robustly related to long-term growth. However, the findings from our global sample indicate that one newly developed indicator-the efficiency of financial intermediaries-is robustly related to long-term growth.
Czech name
—
Czech description
—
Classification
Type
J<sub>imp</sub> - Article in a specialist periodical, which is included in the Web of Science database
CEP classification
—
OECD FORD branch
50201 - Economic Theory
Result continuities
Project
<a href="/en/project/GA16-09190S" target="_blank" >GA16-09190S: Financial sectors, systemic risk and economic fluctuations</a><br>
Continuities
S - Specificky vyzkum na vysokych skolach<br>I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace
Others
Publication year
2018
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů
Data specific for result type
Name of the periodical
World Bank Economic Review
ISSN
0258-6770
e-ISSN
—
Volume of the periodical
32
Issue of the periodical within the volume
2
Country of publishing house
GB - UNITED KINGDOM
Number of pages
27
Pages from-to
383-409
UT code for WoS article
000434099700008
EID of the result in the Scopus database
2-s2.0-85048103682