Financial Development, Uncertainty and Economic Growth

作者: Robert Lensink

DOI: 10.1023/A:1011903008017

关键词:

摘要: By performing a cross-country growth regression for the 1970-1998 period this paper finds evidence fact that impact of policy uncertainty on economic depends development financial sector. It appears higher level partly mitigates negative growth. This clearly indicates relevance sector development.

参考文章(30)
Larry Samuelson, The Golden Rule Again: Reply [The Golden Rule with Endogenous Participation Rate] The American Economic Review. ,vol. 72, pp. 228- 228 ,(1982)
Ricardo J Caballero, On the Sign of the Investment-Uncertainty Relationship The American Economic Review. ,vol. 81, pp. 279- 288 ,(1991)
Levine Ross, Renelt David, A SENSITIVITY ANALYSIS OF CROSS-COUNTRY GROWTH REGRESSIONS The American Economic Review. ,vol. 82, pp. 942- 963 ,(1992)
RAFAEL LA PORTA, FLORENCIO LOPEZ-DE-SILANES, ANDREI SHLEIFER, ROBERT W. VISHNY, Legal Determinants of External Finance Journal of Finance. ,vol. 52, pp. 1131- 1150 ,(1997) , 10.1111/J.1540-6261.1997.TB02727.X
VIVEK GHOSAL, INPUT CHOICES UNDER PRICE UNCERTAINTY Economic Inquiry. ,vol. 33, pp. 142- 158 ,(1995) , 10.1111/J.1465-7295.1995.TB01852.X
Robert S. Pindyck, Avinash K. Dixit, Investment Under Uncertainty ,(1994)