Have a personal or library account? Click to login
The Influence of Financial Market Development on Economic Growth in BRICS Countries Cover

The Influence of Financial Market Development on Economic Growth in BRICS Countries

Open Access
|Apr 2017

References

  1. Arellano, M., Bond, S. (1991), Some tests of specification of panel data: Monte Carlo evidence and an application to employment equations. Review of Economic Studies, Vol. 58, pp. 277–298.10.2307/2297968
  2. Barro, R., Lee, W. (1993), International comparisons of educational attainment. Journal of Monetary Economics, Vol. 32, pp. 363–394.10.1016/0304-3932(93)90023-9
  3. Benhabib, J., Speigel, M. (2000), The role of financial development in growth and investment. Journal of Economic Growth, Vol. 5, pp. 341–360.10.1023/A:1026599402490
  4. Blundell, A., Bond, S. (1998), Initial conditions and moment restrictions in dynamic panel data models. Journal of econometrics, Vol. 87 (1), pp. 115–143.10.1016/S0304-4076(98)00009-8
  5. Bosworth, B., Collins, S. (2003), The empirics of growth: An update. Washington: Brookings Institute.10.1353/eca.2004.0002
  6. Caselli, F., Esquivel, G., Lefort, F. (1996), Reopening The Convergence Debate: A new look at cross-country growth empirics. Journal of Economic Growth, Vol. 1, No. 3, pp. 363–389.10.1007/BF00141044
  7. Chittedi, K. R. (2010), Global stock markets development and integration: With special reference to BRIC countries. International Review of Applied Financial Issues and Economics, (1), pp. 18–36.
  8. Dermiguc-Kunt, A., Beck, T., Ross, L. (2009), Financial institutions and markets across countries and over time. Policy Research Working Paper, No. 4943, Data and Analysis. World Bank.
  9. Easterly, W., Loayza, N., Montiel, P. (1997), Has Latin America’s post-reform growth been disappointing? Journal of International Economics, Vol. 43, pp. 287–311.
  10. Estrada, G., Park, D., Ramayandi, A. (2010), Financial development and economic growth in developing Asia. ADB Economic Working Paper, Series, 233. Asian Development Bank10.2139/ssrn.1751833
  11. Greenwood, J., Jovanovic, B. (1990), Financial Development, Growth and the Distribution of income. The Journal of Political Economy, Vol. 98, No. 5, pp. 1076–1107.10.1086/261720
  12. Gries, S. (2008), Dispersions and adjusted frequencies in corpora. International Journal of Corpus Linguistics, Vol. 13, No. 4, pp. 403–437.10.1075/ijcl.13.4.02gri
  13. Gujarati, D. (2004), Basic econometrics. 4th Edition. USA: McGraw-Hill.
  14. Gurley, J., Shaw, E. (1955), Financial aspects of economic development. American Economic Review, Vol. 45, pp. 515–538.
  15. Hansen, L. (1982), Large sample properties of generalized method of moments estimators, Lars Hansen. Econometrica, Vol. 50 (4), pp. 1029–1054.
  16. Holtz-Eakin, D., Newey, W., Rosen, H. (1988), Estimating Vector Auto Regressions with Panel Data. Econometrica, Vol. 56, pp. 1371–1395.10.2307/1913103
  17. Howells, P., Baines, A. (2007), Financial Markets and Institutions. 5th Edition. Essex: Pearson Education Limited.
  18. King, R., Levine, R. (1993a), Finance and growth: Schumpeter might be right. Quarterly Journal of Economics, Vol. 108, pp. 717–738.10.2307/2118406
  19. King, R., Levine, R. (1993b), Finance, entrepreneurship and growth. Journal of Monetary Economics, Vol. 32 (3), pp. 513–542.10.1016/0304-3932(93)90028-E
  20. Levine, R., Renelt, D. (1992), A sensitivity analysis of cross-country growth regressions. American Economic Review, Vol. 82, pp. 942–944.
  21. Levine, R. (1997), Financial development and economic growth: Veiws and agenda. Journal of Economic Literature, Vol. 35 (2), pp. 688–726.
  22. Levine, R. (2005), Finance and growth: Theory and evidence. In: Aghion, P., Durlauf, S. (ed.). Handbook of Economic Growth, Vol. 1 (12), pp. 865–934, Elsevier.10.1016/S1574-0684(05)01012-9
  23. Loayza, N., Levine, R., Beck, T. (2000), Financial intermediary development and growth: Causes and causality. Journal of Monetary Economics, Vol. 46, pp. 31–77.
  24. Lopez, J. A., Spiegel, M. M. (2002), Financial structure and macroeconomic performance over the short and long-run. Federal Reserve Bank of San Francisco, Pacific Basin Working Paper Series, No. 02–05, September.
  25. Lynch, D. (1996), Measuring financial sector development: A study of selected Asia-Pacific countries, The Developing Economies, March, Vol. 34, pp. 3–33.
  26. Mittelhammer, R., Judge, G., Miller, D. (2000), Econometric foundations. Cambridge: University Press.
  27. Pagano, M. (1993), Financial markets and growth. European Economic Reveiw, Vol. 37, pp. 613–622.10.1016/0014-2921(93)90051-B
  28. Sala-i-Martin, X. (1997), I just run two million regressions. American Economic Review, Vol. 87, pp. 178–183.
  29. Schumpeter, J. (1912), The theory of economic development. Cambridge: Harvard University Press.
  30. Speigel, M. (2001), Financial development and growth: Are the APEC nations unique? Shanghai, China: Proceedings of the 2001 APEC World Economic Outlook Symposium, 17–18 October, 2001.
DOI: https://doi.org/10.1515/ijme-2017-0002 | Journal eISSN: 2543-5361 | Journal ISSN: 2299-9701
Language: English
Page range: 7 - 24
Published on: Apr 18, 2017
Published by: Warsaw School of Economics
In partnership with: Paradigm Publishing Services
Publication frequency: 4 issues per year

© 2017 Charles Wait, Tafadzwa Ruzive, Pierre le Roux, published by Warsaw School of Economics
This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.