Banking sector depth and economic growth nexus: a comparative study between the natural resource-based and the rest of the world's economies
Banking sector depth and economic growth nexus: a comparative study between the natural resource-based and the rest of the world's economies
复制标题
DOI：
10.1080/02692171.2017.1299115
复制
发表时间：
2017-01-01
影响因子：
2.2
通讯作者：
Alexiou, Constantinos
中科院分区：
文献类型：
--
作者：
Al-Moulani, Ali;Alexiou, Constantinos
本文研究了自然资源型经济体与不依赖自然资源的经济体的银行业深度与长期经济增长之间的关系。在实证研究中，针对 1964 年至 2013 年期间的 194 个国家采用了动态面板数据模型的广义矩估计法。使用不同的银行业深度和经济增长衡量标准，调查得出了三个主要结论。首先，在这两个国家组的银行业深度一定范围内，银行业与增长的关系是非线性的、正向的。其次，自然资源型国家银行业深度水平的变化与对经济增长的影响之间的时滞要短于其他国家。最后，在自然资源丰富的经济体中，银行业深化对长期经济增长的总体影响弱于世界其他地区。
This paper investigates the relationship between banking sector depth and long-term economic growth in the natural resource-based economies vis-a-vis economies that are not dependent on natural resources. For the empirical investigation, a Generalised Method of Moments estimator for dynamic panel data models is adopted for 194 countries spanning the period 1964-2013. Using different measures of banking sector depth and economic growth, the investigation yields three key findings. First, the banking-growth relationship is non-linear and positive within certain levels of banking sector depth in both country groups. Second, the time lag between the change in the level of banking sector depth and the effect on economic growth is shorter in the natural resource-based countries than in the other countries. Finally, the total effect of banking sector deepening on long-term economic growth is weaker in economies with abundant natural resources than in the rest of the world.