Stock markets, banks, and growth correlation or causality

Analysis of a panel data set for 1976-98 shows that on balance stock markets and banks positively influence economic growth; findings that do not result from biases induced by simultaneity, omitted variables, or unobserved country-specific effects

Bibliographic Details
Main Author: Beck, Thorsten
Corporate Author: World Bank Development Research Group
Other Authors: Levine, Ross
Format: eBook
Language:English
Published: Washington, D.C World Bank, Development Research Group, Finance 2001
Series:Policy research working paper
Subjects:
Online Access:
Collection: World Bank E-Library Archive - Collection details see MPG.ReNa
Description
Summary:Analysis of a panel data set for 1976-98 shows that on balance stock markets and banks positively influence economic growth; findings that do not result from biases induced by simultaneity, omitted variables, or unobserved country-specific effects
Item Description:"September 2001. - Includes bibliographical references (p. 17-19). - Title from title screen as viewed on Aug. 30, 2002