scholarly journals An Empirical Research of FDI Spillovers and Financial Development Threshold Effects in Different Regions of China

2017 ◽  
Vol 9 (6) ◽  
pp. 933 ◽  
Author(s):  
Hui Wang ◽  
Huifang Liu
Keyword(s):  
Empirical Research ◽  
Financial Development ◽  
Threshold Effects ◽  
Fdi Spillovers ◽  
Development Threshold

scholarly journals Finance, growth and threshold effects

2012 ◽  
Vol 59 (5) ◽  
pp. 553-581 ◽  
Author(s):  
Jean-Pierre Allegret ◽  
Sana Azzabi
Keyword(s):  
Steady State ◽  
Financial Development ◽  
Developing Economies ◽  
Dynamic Panel Data ◽  
Threshold Effects ◽  
Dynamic Panel ◽  
State Growth ◽  
Emerging And Developing Countries ◽  
Development Threshold

In this paper, we test the existence of financial development threshold effects, firstly, between financial development and long-term growth, and, secondly, between financial development and long-term GDP. We also ask whether such effects may explain the link financial development - convergence/ divergence to the advanced countries? growth. Our work builds on that of Aghion, Howitt, and Mayer-Foulkes (2004). It differs from previous work about assumptions and methodology. Estimates are performed with GMM dynamic panel data techniques for 112 emerging and developing countries from 1975 to 2007. The results show a positive but vanishing effect of financial development on steady-state GDP, from a critical (an average) level of financial development. They do not validate, however, the assumption that the marginal impact of financial development on the steady-state growth rate is more favorable than the degree of financial development is low. We support only partially the role that the financial development could play in the acceleration of the convergence of emerging and developing economies towards the world frontier growth.

scholarly journals The Impact of Inflation on Financial Sector Development: Evidence from Nigeria

2020 ◽  
Vol 12 (2) ◽  
pp. 56
Author(s):  
Afangideh U. J. ◽  
Garbobiya T. S. ◽  
Umar F. B. ◽  
Usman N.
Keyword(s):  
Financial Development ◽  
Significant Relationship ◽  
Financial Sector ◽  
Threshold Effects ◽  
Quarterly Data ◽  
Financial Sector Development ◽  
Long Run ◽  
Short Run ◽  
Auto Regressive ◽  
The Impact

This paper examines the Impact of inflation on financial sector development in Nigeria using quarterly data from 2002-2017. Financial sector development is proxied using money supply as a share of GDP (M2/GDP).The Auto-Regressive Distributive lag (ARDL) model is employed to carry out the estimation given the weakness of the Engle-Granger residual-based cointegration technique to test the long-run and short-run effects of the impacts of inflation on financial sector development. The results of the estimation reveal that there is a positive and statistically significant relationship between inflation and financial sector development in Nigeria. There is need to test for threshold effects of inflation on financial development in Nigeria.

scholarly journals Post-Keynesian Empirical Research and the Debate on Financial Market Development

2014 ◽  
pp. 1-13
Keyword(s):  
Economic Growth ◽  
Empirical Research ◽  
Financial Development ◽  
Financial Market ◽  
Financial Sector ◽  
Market Development ◽  
Real Sector ◽  
Economic Activities ◽  
Financial Market Development

Literature suggests that financial intermediation affects growth through various channels. The questions, however, are “Whether financial development affects real economic activities?” and “Does the structure of the financial system matter for the economic growth outcome?” The aim of this chapter is, therefore, to briefly describe the concept of financial market development by highlighting the important role of the financial sector in the development of the real sector. Later in the chapter, the scope of the book is discussed, and research objectives are identified.

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