What type of finance matters for growth ? Bayesian model averaging evidence (English)

This paper examines the effect of finance on long-term economic growth using Bayesian model averaging to address model uncertainty in cross-country growth regressions. The literature largely focuses on financial indicators that assess the financial depth of banks and stock markets. These indicators are examined jointly with newly developed indicators that assess the stability and efficiency of financial markets. Once the finance-growth regressions...

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Author

Hasan,Iftekhar;

Horvath,Roman;

Mares,Jan;
Document Date
2016/04/18
Document Type
Policy Research Working Paper
Report Number
WPS7645
Volume No
1
Total Volume(s)
1
Country
World,
Region
Other,
Disclosure Date
2016/04/18
Disclosure Status
Disclosed
Doc Name
What type of finance matters for growth ? Bayesian model averaging evidence
Keywords
stock market

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Citation

Hasan,Iftekhar; Horvath,Roman; Mares,Jan.

What type of finance matters for growth ? Bayesian model averaging evidence (English). Policy Research working paper|no. WPS 7645 Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/859201468186859436

What type of finance matters for growth ? Bayesian model averaging evidence (English)

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