scholarly journals Is the Relationship Between Financial Development and Economic Growth Monotonic? Evidence from a Sample of Middle-Income Countries

2015 ◽  
Vol 68 ◽  
pp. 66-81 ◽  
Author(s):  
Nahla Samargandi ◽  
Jan Fidrmuc ◽  
Sugata Ghosh
Keyword(s):  
Economic Growth ◽  
Financial Development ◽  
Middle Income ◽  
Middle Income Countries ◽  
The Relationship

ICT Diffusion, Financial Development and Economic Growth: New Evidence from Low and Lower Middle-Income Countries

2016 ◽  
Vol 9 (3) ◽  
pp. 928-947 ◽  
Author(s):  
Anupam Das ◽  
Murshed Chowdhury ◽  
Sariah Seaborn
Keyword(s):  
Economic Growth ◽  
Financial Development ◽  
Middle Income ◽  
Middle Income Countries ◽  
New Evidence

scholarly journals The relationship between transport, economic growth and environmental degradation for ninety countries

2018 ◽  
Vol 2 (1) ◽  
pp. 11-23
Author(s):  
Listiono Listiono
Keyword(s):  
Economic Growth ◽  
Co2 Emissions ◽  
Environmental Degradation ◽  
Freight Transport ◽  
Lower Income ◽  
Middle Income ◽  
Middle Income Countries ◽  
Causality Relationship ◽  
Lower Income Countries ◽  
The Relationship

This paper investigates the relationship between freight transport, economic growth and environmental degradation (CO2 emissions) experienced by ninety countries over the period 1980-2014. The estimation is divided into the global panel, high-income countries, upper-middle income countries, lower-middle income countries, and lower-income countries. This paper employed simultaneous equation Model and was estimated by Three-Stage Least Squares (3SLS). The results discovered the existence of bi-directional causality relationship between economic growth and freight transport in the high-income countries and lower-income countries. The result also indicated the bi-directional causality relationship between the transportation and CO2 emissions in the panel upper-middle-income countries. Lastly, the finding indicated the bi-directional causality between economic growth and CO2 emissions in lower-middle income countries.

scholarly journals The Direction of Causality between Economic Growth and Financial Development in Upper Middle-Income Countries

2021 ◽  
Vol 5 (1) ◽  
pp. 49-68
Author(s):  
Nagmi AİMER ◽  
Serkan DİLEK ◽  
Abdulmula LUSTA
Keyword(s):  
Economic Growth ◽  
Financial Development ◽  
Middle Income ◽  
Middle Income Countries

Financial Development–Economic Growth Nexus: Evidence from South Asian Middle-income Countries

2017 ◽  
Vol 18 (4) ◽  
pp. 924-935 ◽  
Author(s):  
Krishna Murari
Keyword(s):  
Economic Growth ◽  
Stock Market ◽  
Financial Development ◽  
South Asian ◽  
Banking Sector ◽  
Middle Income ◽  
Market Capitalization ◽  
Middle Income Countries ◽  
Fixed Capital Formation ◽  
Domestic Credit

In this article, we have tried to explore the relationship between financial development and economic growth, using a panel data of South Asian middle-income countries for the years 1980–2013. The macroeconomic data include real GDP index as an indicator of economic growth, proxies for financial development—domestic credit by banking sector/GDP, domestic credit to private sector/GDP, net inflows of FDI/GDP, M2/GDP and market capitalization/GDP and control variables such as fixed capital formation/GDP, investment/GDP, and inflation in consumer prices/GDP. The results indicate that the domestic credit provided by the banking sector has a significant association with economic growth in both directions but domestic credit to the private sector is associated with the economic growth in forward direction only, which confirms dearth in credit allocation in the region and suggests pathetic financial regulation and supervision. As far as the stock market developments are concerned, the results indicate that the stock market capitalization and liquidity have a significant role in growth and economic growth induces the stock market capitalization (size). Both the forms of investment (domestic and FDI) contribute significantly to economic growth in either direction. Stronger financial institutions, fixed capital formation and low inflation are crucial growth controlling factors.

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