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dc.contributor.authorAkimov, A
dc.contributor.authorWijeweera, A
dc.contributor.authorDollery, B
dc.date.accessioned2017-05-03T15:26:34Z
dc.date.available2017-05-03T15:26:34Z
dc.date.issued2009
dc.date.modified2010-07-14T07:46:26Z
dc.identifier.issn0960-3107
dc.identifier.doi10.1080/09603100701857880
dc.identifier.urihttp://hdl.handle.net/10072/30622
dc.description.abstractThe hypothesis that financial development promotes economic growth enjoys significant support from empirical evidence drawn from both developed and developing countries alike. However, analogous empirical evidence is still lacking for economies in transition. This article analyses the effects of financial intermediation on the growth of real GDP by employing data for 27 countries over the period of 1989 to 2004. Using an endogenous growth model and panel data analysis techniques, we estimate regressions with various proxies for financial sector development. We find that in contrast to some recent empirical work, there is a robust positive link between financial development and economic growth in transition economies.
dc.description.peerreviewedYes
dc.description.publicationstatusYes
dc.languageEnglish
dc.language.isoeng
dc.publisherRoutledge
dc.publisher.placeUnited Kingdom
dc.relation.ispartofstudentpublicationN
dc.relation.ispartofpagefrom999
dc.relation.ispartofpageto1008
dc.relation.ispartofissue12
dc.relation.ispartofjournalApplied Financial Economics
dc.relation.ispartofvolume19
dc.rights.retentionY
dc.subject.fieldofresearchApplied economics
dc.subject.fieldofresearchBanking, finance and investment
dc.subject.fieldofresearchBanking, finance and investment not elsewhere classified
dc.subject.fieldofresearchcode3801
dc.subject.fieldofresearchcode3502
dc.subject.fieldofresearchcode350299
dc.titleFinancial development and economic growth: Evidence from transition economies
dc.typeJournal article
dc.type.descriptionC1 - Articles
dc.type.codeC - Journal Articles
gro.facultyGriffith Business School, Department of Accounting, Finance and Economics
gro.date.issued2009
gro.hasfulltextNo Full Text
gro.griffith.authorAkimov, Alexandr


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