Institutional quality thresholds and the finance – growth nexus
Using an innovative threshold estimation technique, this study examines whether the growth effect of financial development in countries with distinct levels of institutional development differs. The results demonstrate that there is a threshold effect in the finance-growth relationship. Specifically...
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| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
| Published: |
Elsevier
2013
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| Online Access: | http://psasir.upm.edu.my/id/eprint/28303/7/Institutional%20quality%20thresholds%20and%20the%20finance.pdf http://psasir.upm.edu.my/id/eprint/28303/ |
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