Stock markets, banks, and growth
Subtitle: correlation or causality
By: Thorsten Beck and Ross Levine.
Contributors: Levine, Ross.; World Bank. Development Research Group. Finance.
Series: Policy research working paper ;; 2670; Policy research working papers (Online) ;; 2670.
Publisher: World Bank, Development Research Group, Finance
Published: 2001
Place of publication: Washington, D.C
Language: eng
Format: Electronic resource
Subjects: Stock exchanges -- Economic aspects -- Econometric models.; Banks and banking -- Economic aspects -- Econometric models.; Economic development -- Econometric models.; Causation -- Econometric models.
Genres: Econometric models.
Description: Analysis of a panel data set for 1976-98 shows that on balance stock markets and banks positively influence economic growth; findings that do not result from biases induced by simultaneity, omitted variables, or unobserved country-specific effects.
Notes: Includes bibliographical references (p. 17-19).
Title from title screen as viewed on Aug. 30, 2002.
"September 2001."
Also available in print.
Mode of access: World Wide Web.