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
| File | Dimensione | Formato | |
|---|---|---|---|
|
Andini_financial-development_2011.pdf
solo gestori archivio
Tipologia:
Versione editoriale (versione pubblicata con il layout dell'editore)
Licenza:
Tutti i diritti riservati (All rights reserved)
Dimensione
123.37 kB
Formato
Adobe PDF
|
123.37 kB | Adobe PDF | Contatta l'autore |
I documenti in IRIS sono protetti da copyright e tutti i diritti sono riservati, salvo diversa indicazione.
