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dc.contributor.authorWahidin, D
dc.contributor.authorAkimov, A
dc.contributor.authorRoca, E
dc.date.accessioned2021-09-09T04:36:53Z
dc.date.available2021-09-09T04:36:53Z
dc.date.issued2021
dc.identifier.issn1057-5219
dc.identifier.doi10.1016/j.irfa.2021.101865
dc.identifier.urihttp://hdl.handle.net/10072/407480
dc.description.abstractThis paper investigates the impact of bond market development on economic growth before and after the global financial crisis in 44 selected countries. A dynamic model based on endogenous growth theory is employed for the study for the period 1990–2017. We find robust evidence that the global financial crisis has distorted the link between bond market development and economic growth: before the global financial crisis, the bond market's impact on economic growth was positive; after the global financial crisis, the evidence is mixed. The main finance–growth channel by which proceeds from the bond market are eventually allocated to the most productive investments appears to be broken.
dc.description.peerreviewedYes
dc.languageen
dc.publisherElsevier BV
dc.relation.ispartofpagefrom101865
dc.relation.ispartofjournalInternational Review of Financial Analysis
dc.relation.ispartofvolume77
dc.subject.fieldofresearchApplied Economics
dc.subject.fieldofresearchAccounting, Auditing and Accountability
dc.subject.fieldofresearchBanking, Finance and Investment
dc.subject.fieldofresearchLaw
dc.subject.fieldofresearchcode1402
dc.subject.fieldofresearchcode1501
dc.subject.fieldofresearchcode1502
dc.subject.fieldofresearchcode1801
dc.titleThe impact of bond market development on economic growth before and after the global financial crisis: Evidence from developed and developing countries
dc.typeJournal article
dc.type.descriptionC1 - Articles
dcterms.bibliographicCitationWahidin, D; Akimov, A; Roca, E, The impact of bond market development on economic growth before and after the global financial crisis: Evidence from developed and developing countries, International Review of Financial Analysis, 2021, 77, pp. 101865
dcterms.licensehttp://creativecommons.org/licenses/by-nc-nd/4.0/
dc.date.updated2021-08-30T23:21:36Z
dc.description.versionAccepted Manuscript (AM)
gro.rights.copyright© 2021 Elsevier. Licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International Licence (http://creativecommons.org/licenses/by-nc-nd/4.0/) which permits unrestricted, non-commercial use, distribution and reproduction in any medium, providing that the work is properly cited.
gro.hasfulltextFull Text
gro.griffith.authorAkimov, Alexandr
gro.griffith.authorRoca, Eduardo D.
gro.griffith.authorWahidin, Deni


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