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Details van artikel 4 van 8 gevonden artikelen
| Titel: |
Financial development and economic growth. An empirical analysis for Ireland |
| Auteur: |
Antonios Adamopoulos |
| Verschenen in: |
International journal of economic sciences and applied research |
| Paginering: | Jaargang 3 (2010) nr. 1 pagina's 75-88 |
| Jaar: |
2010 |
| Inhoud: |
This study investigated the relationship between financial development and economicgrowth for Ireland for the period 1965-2007 using a vector error correction model (VECM).Questions were raised whether financial development causes economic growth or reverselytaking into account the positive effect of industrial production index. Financial marketdevelopment is estimated by the effect of credit market development and stock marketdevelopment on economic growth. The objective of this study was to examine the long-runrelationship between these variables applying the Johansen cointegration analysis takinginto account the maximum eigenvalues and trace statistics tests. Granger causality testsindicated that economic growth causes credit market development, while there is a bilateralcausal relationship between stock market development and economic growth. Therefore, itcan be inferred that economic growth has a positive effect on stock market development andcredit market development taking into account the positive effect of industrial productiongrowth on economic growth for Ireland. |
| Uitgever: |
Kavala Institute of Technology (provided by DOAJ) |
| Bronbestand: |
Elektronische Wetenschappelijke Tijdschriften |
Details van artikel 4 van 8 gevonden artikelen
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