EconPapers: Stock Markets, Banks, and Growth: Panel Evidence

This paper investigates the impact of stock markets and banks on economic growth using a panel data set for the period and applying recent GMM techniques developed for dynamic panels.

On balance, we find that stock markets and banks positively influence economic growth and these findings are not due to potential biases induced by simultaneity, omitted variables or unobserved country-specific effects. If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.

Jul Publication status: IFM Contact details of provider: National Bureau of Economic Research, Massachusetts Avenue Cambridge, MAU.

Related research [Other version s available] Keywords: Other versions of this item: Find related papers by JEL classification: G00 - Financial Economics - - General - - - General O16 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Financial Markets; Saving and Capital Investment; Corporate Finance and Governance This paper has been announced in the following NEP Reports: NEP-ALL All new papers NEP-DEV Development NEP-FIN Finance NEP-MAC Macroeconomics NEP-MFD Microfinance References References listed on IDEAS Please report citation or reference errors toorif you are the registered author of the cited work, log in to your RePEc Author Service profileclick on "citations" and make appropriate adjustments.: EconomicsUniversidad Carlos III de Madrid.

Schumpeter Might Be Right ," The Quarterly Journal of EconomicsOxford University Press, vol. Schumpeter might be right ," Policy Research Working Paper SeriesThe World Bank.

The Role of Stock Markets ," Journal of Money, Credit and BankingBlackwell Publishing, vol. Views and Agenda ," Journal of Economic LiteratureAmerican Economic Association, vol. Journal of MacroeconomicsDe Gruyter, vol. Causality and Causes ," Central Banking, Analysis, and Economic Policies Book Series ,in: Causality and causes ," Journal of Monetary EconomicsElsevier, vol.

Causality and causes ," Policy Research Working Paper SeriesThe World Bank. Causality and Causes ," Working Papers Central Bank of Chile 56, Central Bank of Chile.

EconPapers: Stock markets, banks, and growth: Panel evidence

A re-assessment ," European Economic ReviewElsevier, vol. Stiglitz, Joseph E, Theory and evidence ," Journal of Monetary EconomicsElsevier, vol. Theory and US historical evidence from unobservable components models ," Chinese stocks traded on nyse of Monetary EconomicsElsevier, vol.

Monte Carlo Evidence and an Application to Employment Equations ," Review of Economic StudiesOxford University Press, vol.

Stock Markets, Banks, and Growth: Panel Evidence by Thorsten Beck, Ross Levine :: SSRN

Full references including those not matched with items on IDEAS Citations Citations are extracted by the CitEc Projectsubscribe to its RSS feed for this item. This item has more than 25 citations.

To prevent cluttering this page, these citations are listed on a separate page. Lists This replacement stocks for sks rifles is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

Statistics Access and download statistics Corrections When requesting a correction, please mention this item's handle: See general information about how to correct material in RePEc. For stock markets banks and growth panel evidence 2004 questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: If you have authored this item and are not yet registered with RePEc, we encourage you to do it here.

This allows to link your profile to this item.

It also allows you to accept potential citations to this item that we are uncertain about. If references are entirely missing, you can add them using this form. If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form. If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item.

If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation. Please note that corrections may take a couple of weeks to filter through the various RePEc services. IDEAS is a service hosted by the Research Division of the Federal Reserve Bank of St. Log in now much improved!

Stock Markets, Banks, and Growth: Author info Abstract Bibliographic info Download info Related research References Citations Lists Statistics Corrections. Thorsten Beck Ross Levine. Paper provided by National Bureau of Economic Research, Inc in its series NBER Working Papers with number HTML HTML with abstract plain text plain text with abstract BibTeX RIS EndNote, RefMan, ProCite ReDIF JSON in new window. Related research [Other version s available].

References listed on IDEAS Please report citation or reference errors toorif you are the registered author of the cited work, log in to your RePEc Author Service profileclick on "citations" and make appropriate adjustments.: Full references including those not matched with items on IDEAS.

Citations are extracted by the CitEc Projectsubscribe to its RSS feed for this item. This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS. Access and download statistics.

When requesting a correction, please mention this item's handle: How to help Corrections Volunteers Get papers listed Open a RePEc archive Get RePEc data. This information is provided to you by IDEAS at the Research Division of the Federal Reserve Bank of St.

Louis using RePEc data. More information through EDIRC.