The dynamic impacts of financial institutions on economic growth: Evidence from the European Union

This paper investigates the dynamic impacts of financial institutions on economic growth based on a panel data set comprised of 13 countries in European Union (EU) over the period of 1976–2005. We found several important results. First, there exists a long-run equilibrium relationship among banking...

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Bibliographic details

Volume:	32
Main Author:	Wu, Jyh-Lin Hou, Han Cheng, Su-Yin
Format:	Journal Article
Language:	English
Place of publication:	BATON ROUGE Elsevier Inc 2010 LOUISIANA STATE UNIV PR Elsevier
published in:	Journal of macroeconomics Vol. 32; no. 3; pp. 879 - 891
Data of publication:	2010
ISSN:	0164-0704 1873-152X
EISSN:	1873-152X
Discipline:	Economics
Series:	Journal of Macroeconomics
Subjects:	Error-correction models Panel mean group estimators Economic growth Financial development Stock markets Credit markets Panel unit-root tests Economics Business & Economics Social Sciences Financial development Stock markets Credit markets Economic growth Panel mean group estimators Error-correction models Panel unit-root tests Error-correction models C33 Panel mean group estimators O16 Economic growth G21 Financial development O40 Stock markets Credit markets Panel unit-root tests ENDOGENOUS GROWTH HETEROGENEOUS PANELS INTERMEDIATION PERFORMANCE CAPITAL STRUCTURE COINTEGRATION EQUITY MARKETS TRANSACTIONS COSTS REASSESSMENT
Online Access:	available in Bonn?
Database:	Social Sciences Citation Index Web of Knowledge Web of Science - Social Sciences Citation Index - 2010 Web of Science RePEc RePEc IDEAS CrossRef Database information Databases - DBIS