Can the Finance-Growth-Nexus Bridge the Link between Financial Integration and Economic Growth?

Business & Finance, Finance & Investing, Finance
Cover of the book Can the Finance-Growth-Nexus Bridge the Link between Financial Integration and Economic Growth? by Thomas Lange, Andreas Grün, GRIN Verlag
View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart
Author: Thomas Lange, Andreas Grün ISBN: 9783656004615
Publisher: GRIN Verlag Publication: September 12, 2011
Imprint: GRIN Verlag Language: English
Author: Thomas Lange, Andreas Grün
ISBN: 9783656004615
Publisher: GRIN Verlag
Publication: September 12, 2011
Imprint: GRIN Verlag
Language: English

Seminar paper from the year 2008 in the subject Business economics - Investment and Finance, grade: 1,0, Otto Beisheim School of Management Vallendar, course: Seminar in International Finance, language: English, abstract: With this paper we intend to contribute to the research that investigates the usefulness of economic policies with regard to financial integration that may stimulate economic growth. After giving a general overview, using a self-developed framework, a more detailed perspective focuses on the crucial link between financial sector development and economic growth that is generally referred to as 'growth nexus'. After this literature review we conduct our own empirical research that consists of three components: Measuring association/correlation, measuring causality and measuring economic significance. We find that financial development and economic growth are related and that for certain countries the assumption of causality that runs from financial sector integration to economic growth may be justified. Via panel-analysis the estimated OLS-panel-regression shows that a change in the degree of financial depth increases the overall per capita GDP of the OECD- countries that are included in the panel. So the hypothesis that financial integration stimulates economic growth cannot be falsified: We are unable to break the link between financial development and economic growth. There is no doubt that the numerous open questions with regard to this complex matter will cause a lot of additional research in this field of study in the next years. We are excited to see the results!

View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart

Seminar paper from the year 2008 in the subject Business economics - Investment and Finance, grade: 1,0, Otto Beisheim School of Management Vallendar, course: Seminar in International Finance, language: English, abstract: With this paper we intend to contribute to the research that investigates the usefulness of economic policies with regard to financial integration that may stimulate economic growth. After giving a general overview, using a self-developed framework, a more detailed perspective focuses on the crucial link between financial sector development and economic growth that is generally referred to as 'growth nexus'. After this literature review we conduct our own empirical research that consists of three components: Measuring association/correlation, measuring causality and measuring economic significance. We find that financial development and economic growth are related and that for certain countries the assumption of causality that runs from financial sector integration to economic growth may be justified. Via panel-analysis the estimated OLS-panel-regression shows that a change in the degree of financial depth increases the overall per capita GDP of the OECD- countries that are included in the panel. So the hypothesis that financial integration stimulates economic growth cannot be falsified: We are unable to break the link between financial development and economic growth. There is no doubt that the numerous open questions with regard to this complex matter will cause a lot of additional research in this field of study in the next years. We are excited to see the results!

More books from GRIN Verlag

Cover of the book Frauenästhetik - anders als Männerästhetik by Thomas Lange, Andreas Grün
Cover of the book Aegidius Romanus: De regimine principum by Thomas Lange, Andreas Grün
Cover of the book Die Unternehmergesellschaft (haftungsbeschränkt) - ein Überblick by Thomas Lange, Andreas Grün
Cover of the book Im Norden alles besser? by Thomas Lange, Andreas Grün
Cover of the book Überblick über das aktuelle Erbschaftsteuerrecht by Thomas Lange, Andreas Grün
Cover of the book Die Linie bei Kandinsky by Thomas Lange, Andreas Grün
Cover of the book Das Frauenbild im 18. Jahrhundert am Beispiel von 'El si de las ninas' von Leandro Fernández de Moratín by Thomas Lange, Andreas Grün
Cover of the book Deutscher Spracherwerb für Migranten als Schlüssel zur Überwindung sozialer Disparität? by Thomas Lange, Andreas Grün
Cover of the book Lee Miller's War by Thomas Lange, Andreas Grün
Cover of the book Erziehung und Kommunikation by Thomas Lange, Andreas Grün
Cover of the book Unterrichtskurzentwurf: Besuch der Messe NZQ Halle E 1 by Thomas Lange, Andreas Grün
Cover of the book CRM - Ausbaustrategie by Thomas Lange, Andreas Grün
Cover of the book Wareneingangskontrolle von Weizenmehl durch die Erstellung eines Amylogramms (Unterweisung Fachkraft für Lebensmitteltechnik) by Thomas Lange, Andreas Grün
Cover of the book Die Vereinfachung des phonologischen und morphonologischen Systems in der polnischen Literatursprache des 18. Jh. by Thomas Lange, Andreas Grün
Cover of the book Die Faszination des Fremdartigen by Thomas Lange, Andreas Grün
We use our own "cookies" and third party cookies to improve services and to see statistical information. By using this website, you agree to our Privacy Policy