This study analyzes the nonlinear relationship between financial development under the
presence of institutional investors (assets in insurance companies, mutual funds, and …

The relationship between financial development and economic growth has received a lot of
attention in the economic literature in recent years. This study aims to revisit different …

This study provides new evidence on the relationship between finance and economic
growth using an innovative dynamic panel threshold technique. The sample consists of 87 …

The hypothesis that financial development promotes economic growth enjoys significant
support from empirical evidence drawn from both developed and developing countries alike …

Using an innovative threshold estimation technique, this study examines whether the growth
effect of financial development in countries with distinct levels of institutional development …

Purpose–The purpose of this paper is to provide a theoretical framework that integrates the
endogenous growth and functions of financial markets and institutions theory in order to …

Page 1 a> N < o Z3 (/) o o Q o 15 Policy Research WORKING PAPERS Country Operations id
rsox^ Eastern Africa Department Africa Regional Office The World Bank January 1992 WPS 843 …

Whether an economy can be categorized as middle-income or not is an empirical issue. We
apply the World Bank's standard to divide middle-income economies into trapped middle …

This study contributes to understanding the role of financial development on economic
growth theoretically and empirically. In the theoretical part of the paper, by developing a …

The relationship between financial development and economic growth has been studied
long time in economics (Adam Smith and Schumpeter). Structural reforms and the …