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Finance-growth nexus: evidence based on new measures of finance

This study examines the impact of financial development on economic growth using both the development of banking sector and the development of stock market as indicators of financial development. In order to reduce information loss, new measures of the banking sector and the stock market development...

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Main Authors: Ibrahim, Saifuzzaman, Abdullahi, Abu Bakar, Wan Ngah, Wan Azman Saini, Abdul Rahman, Mazlina
Format: Article
Language:English
Published: Faculty of Economics and Management, Universiti Putra Malaysia 2017
Online Access:http://psasir.upm.edu.my/id/eprint/56373/1/%282%29-Paper%2002%20Final-IJEM%2011%281%29%2C2017_Finance%20growth%20nexus.pdf
http://psasir.upm.edu.my/id/eprint/56373/
http://172.17.31.1/ijem/vol11no1/(2)-Paper%2002%20Final-IJEM%2011(1),2017_Finance%20growth%20nexus.pdf
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spelling my.upm.eprints.563732017-07-31T09:11:47Z http://psasir.upm.edu.my/id/eprint/56373/ Finance-growth nexus: evidence based on new measures of finance Ibrahim, Saifuzzaman Abdullahi, Abu Bakar Wan Ngah, Wan Azman Saini Abdul Rahman, Mazlina This study examines the impact of financial development on economic growth using both the development of banking sector and the development of stock market as indicators of financial development. In order to reduce information loss, new measures of the banking sector and the stock market development are derived from various available measures via principal component analysis. Using the generalized method of moments (GMM) estimation technique on a 1988-2012 sample of 53 countries, the study reveals that the development in the banking sector and the stock market are both important to promote economic growth. Faculty of Economics and Management, Universiti Putra Malaysia 2017 Article PeerReviewed application/pdf en http://psasir.upm.edu.my/id/eprint/56373/1/%282%29-Paper%2002%20Final-IJEM%2011%281%29%2C2017_Finance%20growth%20nexus.pdf Ibrahim, Saifuzzaman and Abdullahi, Abu Bakar and Wan Ngah, Wan Azman Saini and Abdul Rahman, Mazlina (2017) Finance-growth nexus: evidence based on new measures of finance. International Journal of Economics and Management, 11 (1). pp. 17-29. ISSN 1823-836X http://172.17.31.1/ijem/vol11no1/(2)-Paper%2002%20Final-IJEM%2011(1),2017_Finance%20growth%20nexus.pdf
institution Universiti Putra Malaysia
building UPM Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Putra Malaysia
content_source UPM Institutional Repository
url_provider http://psasir.upm.edu.my/
language English
description This study examines the impact of financial development on economic growth using both the development of banking sector and the development of stock market as indicators of financial development. In order to reduce information loss, new measures of the banking sector and the stock market development are derived from various available measures via principal component analysis. Using the generalized method of moments (GMM) estimation technique on a 1988-2012 sample of 53 countries, the study reveals that the development in the banking sector and the stock market are both important to promote economic growth.
format Article
author Ibrahim, Saifuzzaman
Abdullahi, Abu Bakar
Wan Ngah, Wan Azman Saini
Abdul Rahman, Mazlina
spellingShingle Ibrahim, Saifuzzaman
Abdullahi, Abu Bakar
Wan Ngah, Wan Azman Saini
Abdul Rahman, Mazlina
Finance-growth nexus: evidence based on new measures of finance
author_facet Ibrahim, Saifuzzaman
Abdullahi, Abu Bakar
Wan Ngah, Wan Azman Saini
Abdul Rahman, Mazlina
author_sort Ibrahim, Saifuzzaman
title Finance-growth nexus: evidence based on new measures of finance
title_short Finance-growth nexus: evidence based on new measures of finance
title_full Finance-growth nexus: evidence based on new measures of finance
title_fullStr Finance-growth nexus: evidence based on new measures of finance
title_full_unstemmed Finance-growth nexus: evidence based on new measures of finance
title_sort finance-growth nexus: evidence based on new measures of finance
publisher Faculty of Economics and Management, Universiti Putra Malaysia
publishDate 2017
url http://psasir.upm.edu.my/id/eprint/56373/1/%282%29-Paper%2002%20Final-IJEM%2011%281%29%2C2017_Finance%20growth%20nexus.pdf
http://psasir.upm.edu.my/id/eprint/56373/
http://172.17.31.1/ijem/vol11no1/(2)-Paper%2002%20Final-IJEM%2011(1),2017_Finance%20growth%20nexus.pdf
_version_ 1643836171436949504
score 13.211869

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