dc.contributor | 金融系 | - |
dc.creator (作者) | Shen, Chung-Hua;Lee, Chien-Chiang;Chen, Shyh-Wei;Xie, Zixiong | - |
dc.creator (作者) | 沈中華 | - |
dc.date (日期) | 2010-04 | - |
dc.date.accessioned | 18-Mar-2015 14:26:46 (UTC+8) | - |
dc.date.available | 18-Mar-2015 14:26:46 (UTC+8) | - |
dc.date.issued (上傳時間) | 18-Mar-2015 14:26:46 (UTC+8) | - |
dc.identifier.uri (URI) | http://nccur.lib.nccu.edu.tw/handle/140.119/73897 | - |
dc.description.abstract (摘要) | This study presents the nonlinear relationship that exists between financial development and economic growth. This study applies the flexible nonlinear regression model of Hamilton (Econometrica 69(3):537–573, 2001) because it imposes no specification restrictions. Two empirical results are obtained. First, an inverted U-shaped relation between banking sector development and economic growth is identified. Namely, the two variables are positively linked before the turning point, but negatively linked after it. Second, a positive relationship with asymmetric √-shape between stock market development and economic growth is found. | - |
dc.format.extent | 666088 bytes | - |
dc.format.mimetype | application/pdf | - |
dc.relation (關聯) | Empirical Economics, 41(1), 103-125 | - |
dc.subject (關鍵詞) | Banking development; Economic growth; Stock market development; Flexible nonlinear estimation | - |
dc.title (題名) | Roles played by financial development in economic growth: application of the flexible regression model | - |
dc.type (資料類型) | article | en |
dc.identifier.doi (DOI) | 10.1007/s00181-010-0353-z | - |
dc.doi.uri (DOI) | http://dx.doi.org/10.1007/s00181-010-0353-z | - |