FINANCE AND GROWTH: IS SCHUMPETER RIGHT'?

Detalhes bibliográficos
Autor(a) principal: Arestis, Philip
Data de Publicação: 2009
Outros Autores: Demetriades, Panicos
Tipo de documento: Artigo
Idioma: por
Título da fonte: Análise Econômica (Online)
Texto Completo: https://seer.ufrgs.br/index.php/AnaliseEconomica/article/view/10739
Resumo: This paper examines the question of causality between financial development and economic growth. We demonstrate that results obtained from recent cross-section country studies, of the type popularised by Barro, suffer from serious shortcomings. We argue that country specific Institutional factors are likely to influence the causal nature of the relationship between financial development and economic growth, which is, therefore, expected to vary across countries. We suggest, instead, that a country by country study of the problem in hand is by far more promising.
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spelling FINANCE AND GROWTH: IS SCHUMPETER RIGHT'?FINANCE AND GROWTH: IS SCHUMPETER 'RIGHT'?Desenvolvimento financeiro. Crescimento econômico.Financial Development. Economic Growth.This paper examines the question of causality between financial development and economic growth. We demonstrate that results obtained from recent cross-section country studies, of the type popularised by Barro, suffer from serious shortcomings. We argue that country specific Institutional factors are likely to influence the causal nature of the relationship between financial development and economic growth, which is, therefore, expected to vary across countries. We suggest, instead, that a country by country study of the problem in hand is by far more promising.Este artigo questiona a causalidade entre o desenvolvimento financeiro e o crescimento econômico. Demonstra-se que os resultados obtidos em estudos econométricos recentes entre países, do tipo popularizado por Barro, apresentam serias limitações. Argumenta-se que fatores Institucionais, que são específicos a cada país, podem influenciar a natureza da causalidade entre desenvolvimento financeiro e o crescimento econômico, e, por isso, pode-se esperar que essa relação varie entre os países. Sugere - se que, ao contrário dos estudos do tipo cross-section, o estudo de país para país dessa questão é muito mais promissora para se compreender a relação entre o desenvolvimento financeiro e o crescimento econômico.UFRGS2009-10-09info:eu-repo/semantics/articleinfo:eu-repo/semantics/publishedVersionapplication/pdfhttps://seer.ufrgs.br/index.php/AnaliseEconomica/article/view/1073910.22456/2176-5456.10739Análise Econômica; Vol. 16 No. 30 (1998): setembro de 1998Análise Econômica; v. 16 n. 30 (1998): setembro de 19982176-54560102-9924reponame:Análise Econômica (Online)instname:Universidade Federal do Rio Grande do Sul (UFRGS)instacron:UFRGSporhttps://seer.ufrgs.br/index.php/AnaliseEconomica/article/view/10739/6351Copyright (c) 2019 Análise Econômicainfo:eu-repo/semantics/openAccessArestis, PhilipDemetriades, Panicos2019-08-29T12:45:26Zoai:seer.ufrgs.br:article/10739Revistahttps://seer.ufrgs.br/index.php/AnaliseEconomicaPUBhttps://seer.ufrgs.br/index.php/AnaliseEconomica/oai||rae@ufrgs.br2176-54560102-9924opendoar:2019-08-29T12:45:26Análise Econômica (Online) - Universidade Federal do Rio Grande do Sul (UFRGS)false
dc.title.none.fl_str_mv FINANCE AND GROWTH: IS SCHUMPETER RIGHT'?
FINANCE AND GROWTH: IS SCHUMPETER 'RIGHT'?
title FINANCE AND GROWTH: IS SCHUMPETER RIGHT'?
spellingShingle FINANCE AND GROWTH: IS SCHUMPETER RIGHT'?
Arestis, Philip
Desenvolvimento financeiro. Crescimento econômico.
Financial Development. Economic Growth.
title_short FINANCE AND GROWTH: IS SCHUMPETER RIGHT'?
title_full FINANCE AND GROWTH: IS SCHUMPETER RIGHT'?
title_fullStr FINANCE AND GROWTH: IS SCHUMPETER RIGHT'?
title_full_unstemmed FINANCE AND GROWTH: IS SCHUMPETER RIGHT'?
title_sort FINANCE AND GROWTH: IS SCHUMPETER RIGHT'?
author Arestis, Philip
author_facet Arestis, Philip
Demetriades, Panicos
author_role author
author2 Demetriades, Panicos
author2_role author
dc.contributor.author.fl_str_mv Arestis, Philip
Demetriades, Panicos
dc.subject.por.fl_str_mv Desenvolvimento financeiro. Crescimento econômico.
Financial Development. Economic Growth.
topic Desenvolvimento financeiro. Crescimento econômico.
Financial Development. Economic Growth.
description This paper examines the question of causality between financial development and economic growth. We demonstrate that results obtained from recent cross-section country studies, of the type popularised by Barro, suffer from serious shortcomings. We argue that country specific Institutional factors are likely to influence the causal nature of the relationship between financial development and economic growth, which is, therefore, expected to vary across countries. We suggest, instead, that a country by country study of the problem in hand is by far more promising.
publishDate 2009
dc.date.none.fl_str_mv 2009-10-09
dc.type.driver.fl_str_mv info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
format article
status_str publishedVersion
dc.identifier.uri.fl_str_mv https://seer.ufrgs.br/index.php/AnaliseEconomica/article/view/10739
10.22456/2176-5456.10739
url https://seer.ufrgs.br/index.php/AnaliseEconomica/article/view/10739
identifier_str_mv 10.22456/2176-5456.10739
dc.language.iso.fl_str_mv por
language por
dc.relation.none.fl_str_mv https://seer.ufrgs.br/index.php/AnaliseEconomica/article/view/10739/6351
dc.rights.driver.fl_str_mv Copyright (c) 2019 Análise Econômica
info:eu-repo/semantics/openAccess
rights_invalid_str_mv Copyright (c) 2019 Análise Econômica
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv application/pdf
dc.publisher.none.fl_str_mv UFRGS
publisher.none.fl_str_mv UFRGS
dc.source.none.fl_str_mv Análise Econômica; Vol. 16 No. 30 (1998): setembro de 1998
Análise Econômica; v. 16 n. 30 (1998): setembro de 1998
2176-5456
0102-9924
reponame:Análise Econômica (Online)
instname:Universidade Federal do Rio Grande do Sul (UFRGS)
instacron:UFRGS
instname_str Universidade Federal do Rio Grande do Sul (UFRGS)
instacron_str UFRGS
institution UFRGS
reponame_str Análise Econômica (Online)
collection Análise Econômica (Online)
repository.name.fl_str_mv Análise Econômica (Online) - Universidade Federal do Rio Grande do Sul (UFRGS)
repository.mail.fl_str_mv ||rae@ufrgs.br
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