Banking sector development and economic growth in developing countries: a bootstrap panel Granger causality analysis

被引：0
作者：
Khalil Mhadhbi
Chokri Terzi
Ali Bouchrika
机构：
[1] University of Gabes,Higher Institute of Management
来源：
Empirical Economics | 2020年 / 58卷
关键词：
Economic growth; Banking sector development; Cross-sectional dependency; Slope heterogeneity; Granger causality bootstrap; O43; C22; C23;
D O I：
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学科分类号：
摘要：
The purpose of this paper is to revisit the Granger causal relationship between banking sector development and economic growth for forty developing countries in the period 1970–2012. In order to capture the different aspects of banking sector development, we use two banking sector development indices and apply a panel bootstrap approach to Granger causality testing which takes into account cross-sectional dependence and heterogeneity issues. The empirical results show limited support for the supply-leading, demand-following and complementarity hypotheses, but provide evidence for a causal relationship between banking sector development and economic growth in twenty-five countries.
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页码：2817 / 2836
页数：19
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