期刊名称：Zagreb International Review of Economics and Business
印刷版ISSN：1331-5609
出版年度：1999
卷号：2
期号：1
页码：37-62
出版社：Ekonomski fakultet Sveučilišta u Zagrebu
摘要：Authors in this article suggest that country specific institutional factors and policies are likely to influence the causal nature of the relationship between financial development and economic growth. Authors conduct cointegration and causality tests using time series data for twelve representative countries. The empirical results show considerable variation of causality across countries which can be explained by institutional and policy differences, providing support to the main hypothesis.
关键词：financial development; economic growth; causality; financial system
