The Econometrics of Finance And Growth:
This paper reviews different econometric methodologies to assess the relationship between financial development and growth. It illustrates the identification problem, which is at the center of the finance and growth literature, using the example of a simple Ordinary Least Squares estimation. It disc...
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| 1. Verfasser: | |
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| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
Washington, D.C
The World Bank
2008
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| Schlagworte: | |
| Online-Zugang: | Volltext |
| Zusammenfassung: | This paper reviews different econometric methodologies to assess the relationship between financial development and growth. It illustrates the identification problem, which is at the center of the finance and growth literature, using the example of a simple Ordinary Least Squares estimation. It discusses cross-sectional and panel instrumental variable approaches to overcome the identification problem. It presents the time-series approach, which focuses on the forecast capacity of financial development for future growth rates, and differences-in-differences techniques that try to overcome the identification problem by assessing the differential effect of financial sector development across states with different policies or across industries with different needs for external finance. Finally, it discusses firm-level and household approaches that allow analysts to dig deeper into the channels and mechanisms through which financial development enhances growth and welfare, but pose their own methodological challenges |
| Beschreibung: | Weitere Ausgabe: Beck, Thorsten : The Econometrics of Finance And Growth |
| Beschreibung: | 1 Online-Ressource (45 Seiten) |
Internformat
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| 520 | 1 | |a This paper reviews different econometric methodologies to assess the relationship between financial development and growth. It illustrates the identification problem, which is at the center of the finance and growth literature, using the example of a simple Ordinary Least Squares estimation. It discusses cross-sectional and panel instrumental variable approaches to overcome the identification problem. It presents the time-series approach, which focuses on the forecast capacity of financial development for future growth rates, and differences-in-differences techniques that try to overcome the identification problem by assessing the differential effect of financial sector development across states with different policies or across industries with different needs for external finance. Finally, it discusses firm-level and household approaches that allow analysts to dig deeper into the channels and mechanisms through which financial development enhances growth and welfare, but pose their own methodological challenges | |
| 534 | |c 2008 | ||
| 650 | 4 | |a Wirtschaftsentwicklung | |
| 653 | |a Access to Finance | ||
| 653 | |a Debt Markets | ||
| 653 | |a Economic Theory and Research | ||
| 653 | |a Economic development | ||
| 653 | |a Economic growth | ||
| 653 | |a External finance | ||
| 653 | |a Finance and Financial Sector Development | ||
| 653 | |a Financial development | ||
| 653 | |a Financial institutions | ||
| 653 | |a Financial sector development | ||
| 653 | |a Information asymmetries | ||
| 653 | |a International Bank | ||
| 653 | |a Macroeconomics and Economic Growth | ||
| 653 | |a Payment services | ||
| 653 | |a Poverty Reduction | ||
| 653 | |a Pro-Poor Growth | ||
| 653 | |a Science and Technology Development | ||
| 653 | |a Statistical and Mathematical Sciences | ||
| 653 | |a Transaction costs | ||
| 776 | 0 | 8 | |i Reproduktion von |a Beck, Thorsten |t The Econometrics of Finance And Growth |d 2008 |
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| illustrated | Not Illustrated |
| indexdate | 2024-12-29T04:02:57Z |
| institution | BVB |
| language | English |
| oai_aleph_id | oai:aleph.bib-bvb.de:BVB01-025446711 |
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| physical | 1 Online-Ressource (45 Seiten) |
| psigel | ZDB-1-WBA |
| publishDate | 2008 |
| publishDateSearch | 2008 |
| publishDateSort | 2008 |
| publisher | The World Bank |
| record_format | marc |
| spellingShingle | Beck, Thorsten 1967- The Econometrics of Finance And Growth Wirtschaftsentwicklung |
| title | The Econometrics of Finance And Growth |
| title_auth | The Econometrics of Finance And Growth |
| title_exact_search | The Econometrics of Finance And Growth |
| title_full | The Econometrics of Finance And Growth Beck, Thorsten |
| title_fullStr | The Econometrics of Finance And Growth Beck, Thorsten |
| title_full_unstemmed | The Econometrics of Finance And Growth Beck, Thorsten |
| title_short | The Econometrics of Finance And Growth |
| title_sort | the econometrics of finance and growth |
| topic | Wirtschaftsentwicklung |
| topic_facet | Wirtschaftsentwicklung |
| url | http://elibrary.worldbank.org/content/workingpaper/10.1596/1813-9450-4608 |
| work_keys_str_mv | AT beckthorsten theeconometricsoffinanceandgrowth |