Financial development and economic growth in Ghana: Does the measure of financial development matter?

Review of Development Finance - Tập 3 Số 4 - Trang 192-203 - 2013
George Adu1, George Marbuah2, Justice Mensah2
1Department of Economics, Kwame Nkrumah University of Science and Technology, Kumasi, Ghana
2Department of Economics, Swedish University of Agricultural Sciences, P.O. Box 7013, SE-75007 Uppsala, Sweden

Tóm tắt

Từ khóa


Tài liệu tham khảo

Aghion, 2009

Al-Yousif, 2002, Financial development and economic growth: another look at the evidence from developing countries, Review of Finance and Economics, 11, 131, 10.1016/S1058-3300(02)00039-3

Aryeetey, 2000, Intervention and liberalization: changing policies and performance in the financial sector

Bawumia, 2010

Chee-Keong, 2011, Financial development and economic growth: a review, African Journal of Business Management, 5, 2017

Demetriades, 1996, Does financial development cause economic growth? Time series evidence from 16 countries, Journal of Development Economics, 51, 387, 10.1016/S0304-3878(96)00421-X

Esso, 2010, Cointegrating and causal relationship between financial development and economic growth in ECOWAS countries, Journal of Economics and International Finance, 2, 36

Gelb, 1989

Goldsmith, 1969

Jalil, 2011, Impact of financial development on economic growth: empirical evidence from Pakistan, Journal of the Asia Pacific Economy, 16, 71, 10.1080/13547860.2011.539403

Kargbo, 2009, Financial development and economic growth in Sierra Leone, Journal of Monetary and Economic Integration, 9, 30

Khan, 2008, Financial development and economic growth in Pakistan: evidence based on Autoregressive Distributed Lag (ARDL) approach, South Asia Economic Journal, 9, 375, 10.1177/139156140800900206

Khan, 2000

King, 1993, Finance and growth: Schumpeter might be right, Quarterly Journal of Economics, 108, 717, 10.2307/2118406

King, 1993, Finance, entrepreneurship and growth, Journal of Monetary Economics, 32, 30, 10.1016/0304-3932(93)90028-E

Levine, 2004

Levine, 2000, Financial intermediation and growth: causality and causes, Journal of Monetary Economics, 46, 31, 10.1016/S0304-3932(00)00017-9

Lucas, 1988, On the mechanics of economic development, Journal of Monetary Economics, 22, 3, 10.1016/0304-3932(88)90168-7

McKinnon, 1973

Neusser, 1998, Manufacturing growth and financial development: evidence from OECD countries, Review of Economics Statistics, 80, 638, 10.1162/003465398557726

Odhiambo, 2009, Interest rate liberalization, financial deepening and economic growth in South Africa: An empirical investigation

Pagano, 1993, ‘Financial markets and growth: an overview, European Economic Review, 37, 613, 10.1016/0014-2921(93)90051-B

Patrick, 1966, Financial development and economic growth in underdeveloped countries, Economic Development and Cultural Change, 14, 174, 10.1086/450153

Pesaran, 2001, Bounds testing approaches to the analysis of level relationships, Journal of Applied Econometrics, 16, 289, 10.1002/jae.616

Quartey, 2008, Financial development and economic growth in Ghana: is there a causal link?, The African Finance Journal, 10, 28

Rebelo, 1991, Long-run policy analysis and long-run growth, Journal of Political Economy, 3, 500, 10.1086/261764

Robinson, 1952, The generalization of the general theory

Shaw, 1973

Schumpeter, 1911

Wang, 1999, A production function approach for analysing the finance–growth nexus: the evidence from Taiwan, Journal of Asian Economies, 10, 319, 10.1016/S1049-0078(99)00023-8

Zivot, 1992, Further evidence of the great crash, the oil-price shock and the unit-root hypothesis, Journal of Business and Economic Statistics, 10, 251, 10.1080/07350015.1992.10509904