Kiel Working Papers, Kiel Institute for World Economics
No 1285:
Regional Evidence on the Finance - Growth Nexus
Andrea Vaona
Abstract: The Finance-Growth Nexus is a classical source of debate
among economists. This contribution offers regional evidence on this issue
in order to see if it can meet the data within a 140 years old economic
union -- Italy -, in the ideal context for its main competitor - New
Economic Geography - and in order to avoid pooling between developed and
developing countries. The results for this application support the view
that finance leads growth, reject its possible endogeneity and shows its
robustness even in presence of spatial unobserved heterogeneity by using
both cross-section and panel data estimators.
Keywords: Finance, Growth, Regions, Cross-Section Analysis, Panel Data Analysis; (follow links to similar papers)
JEL-Codes: O18,; O16,; C31; (follow links to similar papers)
35 pages, July 2006
Before downloading any of the electronic versions below
you should read our statement on
copyright.
Download GhostScript
for viewing Postscript files and the
Acrobat Reader for viewing and printing pdf files.
Downloadable files:
kap1285.pdf 
Download Statistics
Report other problems with accessing this service to Sune Karlsson ()
or Helena Lundin ().
Programing by
Design Joakim Ekebom
