Finance and growth : does one size fit all? evidences from a nonparametric estimation
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2016Corporate Author/ s
UN.ESCAP
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Macroeconomic Policy and Financing for Development Division
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RT Generic T1 Finance and growth : does one size fit all? evidences from a nonparametric estimation A1 Das, Monica, Basu, Sudip Ranjan YR 2016 LK https://hdl.handle.net/20.500.12870/1279 PB United Nations AB The objective of the paper is to use nonparametric methodology to examine the relationship between indicators of financial development and economic growth. The paper uses the Li-Racine (2004) generalized kernel estimation methodology to examine the role of financial development in understanding economic performance across countries and country-groups. We also control for other factors that influence economic performance such as, trade openness, government policies and institutional quality. The paper supports the view that countries with larger and well-diversified financial markets are in a better position to reap benefits from financial sector deepening and forward-looking public policies. This holds true irrespective of the initial size of the financial sector in the country as well as the strength of institutional quality. OL English(30) TY - GEN T1 - Finance and growth : does one size fit all? evidences from a nonparametric estimation AU - Das, Monica, Basu, Sudip Ranjan Y1 - 2016 UR - https://hdl.handle.net/20.500.12870/1279 PB - United Nations AB - The objective of the paper is to use nonparametric methodology to examine the relationship between indicators of financial development and economic growth. The paper uses the Li-Racine (2004) generalized kernel estimation methodology to examine the role of financial development in understanding economic performance across countries and country-groups. We also control for other factors that influence economic performance such as, trade openness, government policies and institutional quality. The paper supports the view that countries with larger and well-diversified financial markets are in a better position to reap benefits from financial sector deepening and forward-looking public policies. This holds true irrespective of the initial size of the financial sector in the country as well as the strength of institutional quality. @misc{20.500.12870_1279 author = {Das, Monica, Basu, Sudip Ranjan}, title = {Finance and growth : does one size fit all? evidences from a nonparametric estimation}, year = {2016}, abstract = {The objective of the paper is to use nonparametric methodology to examine the relationship between indicators of financial development and economic growth. The paper uses the Li-Racine (2004) generalized kernel estimation methodology to examine the role of financial development in understanding economic performance across countries and country-groups. We also control for other factors that influence economic performance such as, trade openness, government policies and institutional quality. The paper supports the view that countries with larger and well-diversified financial markets are in a better position to reap benefits from financial sector deepening and forward-looking public policies. This holds true irrespective of the initial size of the financial sector in the country as well as the strength of institutional quality.}, url = {https://hdl.handle.net/20.500.12870/1279} } @misc{20.500.12870_1279 author = {Das, Monica, Basu, Sudip Ranjan}, title = {Finance and growth : does one size fit all? evidences from a nonparametric estimation}, year = {2016}, abstract = {The objective of the paper is to use nonparametric methodology to examine the relationship between indicators of financial development and economic growth. The paper uses the Li-Racine (2004) generalized kernel estimation methodology to examine the role of financial development in understanding economic performance across countries and country-groups. We also control for other factors that influence economic performance such as, trade openness, government policies and institutional quality. The paper supports the view that countries with larger and well-diversified financial markets are in a better position to reap benefits from financial sector deepening and forward-looking public policies. This holds true irrespective of the initial size of the financial sector in the country as well as the strength of institutional quality.}, url = {https://hdl.handle.net/20.500.12870/1279} } TY - GEN T1 - Finance and growth : does one size fit all? evidences from a nonparametric estimation AU - Das, Monica, Basu, Sudip Ranjan UR - https://hdl.handle.net/20.500.12870/1279 PB - United Nations AB - The objective of the paper is to use nonparametric methodology to examine the relationship between indicators of financial development and economic growth. The paper uses the Li-Racine (2004) generalized kernel estimation methodology to examine the role of financial development in understanding economic performance across countries and country-groups. We also control for other factors that influence economic performance such as, trade openness, government policies and institutional quality. The paper supports the view that countries with larger and well-diversified financial markets are in a better position to reap benefits from financial sector deepening and forward-looking public policies. This holds true irrespective of the initial size of the financial sector in the country as well as the strength of institutional quality.Metadata
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MPFD Discussion Paper
No. DP/16, March 2016
No. DP/16, March 2016
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UNBIST Subject
Abstract
The objective of the paper is to use nonparametric methodology to examine the relationship between indicators of financial
development and economic growth. The paper uses the Li-Racine (2004) generalized kernel estimation methodology to examine
the role of financial development in understanding economic performance across countries and country-groups. We also control
for other factors that influence economic performance such as, trade openness, government policies and institutional quality. The
paper supports the view that countries with larger and well-diversified financial markets are in a better position to reap benefits
from financial sector deepening and forward-looking public policies. This holds true irrespective of the initial size of the financial
sector in the country as well as the strength of institutional quality.