In a seminal paper, Levine, Loayza and Beck (LLB, 2000) provide cross-sectional evidence showing that financial development has positive average impact on long-run growth, using a sample of 71 countries. We argue that the evidence is sensitive to the presence of outliers.
Financial development and long-run growth: Is the cross-sectional evidence robust? / Andini, C. - In: APPLIED ECONOMICS. - ISSN 0003-6846. - 43:(2011), pp. 4269-4275.
Financial development and long-run growth: Is the cross-sectional evidence robust?
ANDINI C
2011
Abstract
In a seminal paper, Levine, Loayza and Beck (LLB, 2000) provide cross-sectional evidence showing that financial development has positive average impact on long-run growth, using a sample of 71 countries. We argue that the evidence is sensitive to the presence of outliers.File allegati a questo prodotto
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