Mapping the elasticity of economic growth to financial development: A 1980 - 2012 empirical analysis for 100 countries
Fil: Zarzosa Valdivia, Fernando. Universidad Nacional de Córdoba. Facultad de Ciencias Económicas; Argentina.
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Asociación Argentina de Economía Política
2017-11
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| Subjects: | Financial development, Economic growth, Elasticities, Cointegration, |
| Online Access: | http://hdl.handle.net/11086/19426 |
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dig-unc-ar-11086-194262024-07-08T16:51:05Z Mapping the elasticity of economic growth to financial development: A 1980 - 2012 empirical analysis for 100 countries Zarzosa Valdivia, Fernando Ayala, Simón Lisandro Financial development Economic growth Elasticities Cointegration Fil: Zarzosa Valdivia, Fernando. Universidad Nacional de Córdoba. Facultad de Ciencias Económicas; Argentina. Fil: Zarzosa Valdivia, Fernando. Universidad Católica de Córdoba; Argentina. Fil: Ayala, Simón Lisandro. Universidad Nacional de Córdoba. Facultad de Ciencias Económicas; Argentina. This research analyzes the impact of financial development on economic growth for a set of 100 countries. It applies cointegration methods taking into account country heterogeneities, which have not been studied up to now at a detailed level. Financial development is measured by a broad index or one of its three dimensions (deepness, accessibility and efficiency). Mapping the estimated elasticities of economic growth to financial development, deepness and accessibility exhibit, graphically, a bellshaped quadratic form. The evidence of strong country heterogeneity suggests that policy prescriptions should take into account the idiosyncratic factors of each country. Esta investigación evalúa el impacto del desarrollo financiero al crecimiento económico para un conjunto de 100 países a través del método DOLS de cointegración teniendo en cuenta heterogeneidades entre los países, algo que no se ha estudiado en detalle en la literatura. El desarrollo financiero es medido por un índice amplio o por los subíndices de profundidad, acceso y eficiencia financiera. El mapeo de las elasiticidades del crecimiento económico con respecto al desarrollo financiero (índice amplio, al de profundidad y al de acceso) muestra una forma de campana. Fil: Zarzosa Valdivia, Fernando. Universidad Nacional de Córdoba. Facultad de Ciencias Económicas; Argentina. Fil: Zarzosa Valdivia, Fernando. Universidad Católica de Córdoba; Argentina. Fil: Ayala, Simón Lisandro. Universidad Nacional de Córdoba. Facultad de Ciencias Económicas; Argentina. Economía, Econometría 2021-08-11T20:04:12Z 2021-08-11T20:04:12Z 2017-11 conferenceObject 1852-0022 http://hdl.handle.net/11086/19426 eng http://www.aaep.org.ar/anales/works/works2017/zarzosa_ayala.pdf Atribución-NoComercial-CompartirIgual 4.0 Internacional http://creativecommons.org/licenses/by-nc-sa/4.0/ Electrónico y/o Digital Asociación Argentina de Economía Política |
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Argentina |
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AR |
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| region |
America del Sur |
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Biblioteca 'Ing. Agrónomo Moisés Farber' de la Facultad de Ciencias Agropecuarias |
| language |
eng |
| topic |
Financial development Economic growth Elasticities Cointegration Financial development Economic growth Elasticities Cointegration |
| spellingShingle |
Financial development Economic growth Elasticities Cointegration Financial development Economic growth Elasticities Cointegration Zarzosa Valdivia, Fernando Ayala, Simón Lisandro Mapping the elasticity of economic growth to financial development: A 1980 - 2012 empirical analysis for 100 countries |
| description |
Fil: Zarzosa Valdivia, Fernando. Universidad Nacional de Córdoba. Facultad de Ciencias Económicas; Argentina. |
| format |
conferenceObject |
| topic_facet |
Financial development Economic growth Elasticities Cointegration |
| author |
Zarzosa Valdivia, Fernando Ayala, Simón Lisandro |
| author_facet |
Zarzosa Valdivia, Fernando Ayala, Simón Lisandro |
| author_sort |
Zarzosa Valdivia, Fernando |
| title |
Mapping the elasticity of economic growth to financial development: A 1980 - 2012 empirical analysis for 100 countries |
| title_short |
Mapping the elasticity of economic growth to financial development: A 1980 - 2012 empirical analysis for 100 countries |
| title_full |
Mapping the elasticity of economic growth to financial development: A 1980 - 2012 empirical analysis for 100 countries |
| title_fullStr |
Mapping the elasticity of economic growth to financial development: A 1980 - 2012 empirical analysis for 100 countries |
| title_full_unstemmed |
Mapping the elasticity of economic growth to financial development: A 1980 - 2012 empirical analysis for 100 countries |
| title_sort |
mapping the elasticity of economic growth to financial development: a 1980 - 2012 empirical analysis for 100 countries |
| publisher |
Asociación Argentina de Economía Política |
| publishDate |
2017-11 |
| url |
http://hdl.handle.net/11086/19426 |
| work_keys_str_mv |
AT zarzosavaldiviafernando mappingtheelasticityofeconomicgrowthtofinancialdevelopmenta19802012empiricalanalysisfor100countries AT ayalasimonlisandro mappingtheelasticityofeconomicgrowthtofinancialdevelopmenta19802012empiricalanalysisfor100countries |
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1806029209820200960 |