Financial Development and Economic Growth: An Economic Analysis for Singapore
With the emergence of the rapidly expanding literature on endogenous growth, the relationship between financial development and economic growth has received a new source of inspiration. Recent cointegration techniques that focus on the estimation and the identification of long-run economic relations...
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1. Verfasser: | |
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Format: | Elektronisch E-Book |
Sprache: | English |
Veröffentlicht: |
Washington, D.C
International Monetary Fund
1996
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Schriftenreihe: | IMF Working Papers
Working Paper No. 96/15 |
Online-Zugang: | UBW01 UEI01 LCO01 SBR01 UER01 SBG01 UBG01 FAN01 UBT01 FKE01 UBY01 UBA01 FLA01 UBM01 UPA01 UBR01 FHA01 FNU01 BSB01 TUM01 Volltext |
Zusammenfassung: | With the emergence of the rapidly expanding literature on endogenous growth, the relationship between financial development and economic growth has received a new source of inspiration. Recent cointegration techniques that focus on the estimation and the identification of long-run economic relationship(s) between data variables are particularly appropriate to the study of long run endogenous growth models. This paper has applied these techniques to the Singapore data using a supply-side framework. By and large, the econometric analysis in this paper has yielded results that are in line with predictions of endogenous growth models. In particular, we find that financial development positively affects both transitional and long-run growth in Singapore |
Beschreibung: | 1 Online-Ressource (58 p) |
ISBN: | 1451843216 9781451843217 |
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spelling | Leigh, Lamin Verfasser aut Financial Development and Economic Growth An Economic Analysis for Singapore Leigh, Lamin Washington, D.C International Monetary Fund 1996 1 Online-Ressource (58 p) txt rdacontent c rdamedia cr rdacarrier IMF Working Papers Working Paper No. 96/15 With the emergence of the rapidly expanding literature on endogenous growth, the relationship between financial development and economic growth has received a new source of inspiration. Recent cointegration techniques that focus on the estimation and the identification of long-run economic relationship(s) between data variables are particularly appropriate to the study of long run endogenous growth models. This paper has applied these techniques to the Singapore data using a supply-side framework. By and large, the econometric analysis in this paper has yielded results that are in line with predictions of endogenous growth models. In particular, we find that financial development positively affects both transitional and long-run growth in Singapore Online-Ausg http://elibrary.imf.org/view/IMF001/02332-9781451843217/02332-9781451843217/02332-9781451843217.xml Verlag URL des Erstveröffentlichers Volltext |
spellingShingle | Leigh, Lamin Financial Development and Economic Growth An Economic Analysis for Singapore |
title | Financial Development and Economic Growth An Economic Analysis for Singapore |
title_auth | Financial Development and Economic Growth An Economic Analysis for Singapore |
title_exact_search | Financial Development and Economic Growth An Economic Analysis for Singapore |
title_exact_search_txtP | Financial Development and Economic Growth An Economic Analysis for Singapore |
title_full | Financial Development and Economic Growth An Economic Analysis for Singapore Leigh, Lamin |
title_fullStr | Financial Development and Economic Growth An Economic Analysis for Singapore Leigh, Lamin |
title_full_unstemmed | Financial Development and Economic Growth An Economic Analysis for Singapore Leigh, Lamin |
title_short | Financial Development and Economic Growth |
title_sort | financial development and economic growth an economic analysis for singapore |
title_sub | An Economic Analysis for Singapore |
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