Academic Journal

Two to tangle: Financial development, political instability and economic growth in Argentina

التفاصيل البيبلوغرافية
العنوان: Two to tangle: Financial development, political instability and economic growth in Argentina
المؤلفون: Campos, Nauro F., Karanasos, Menelaos G., Tan, Bin
المجموعة: RePEc (Research Papers in Economics)
الوصف: This paper studies the impact of financial liberalization on economic growth. It contributes to this literature by using an innovative econometric methodology and a unique data set of historical series. It presents power ARCH estimates for Argentina for the period from 1896 to 2000. The main results show that the long-run effect of financial liberalization on economic growth is positive while the short-run effect is negative, albeit substantially smaller. Interestingly, we find that financial development affects growth only directly, that is, not through growth volatility. ; Economic growth; Financial development; Volatility; Political instability; Power-ARCH
نوع الوثيقة: article in journal/newspaper
اللغة: unknown
Relation: http://www.sciencedirect.com/science/article/pii/S0378426611002226
الاتاحة: http://www.sciencedirect.com/science/article/pii/S0378426611002226
رقم الانضمام: edsbas.D8AAACA8
قاعدة البيانات: BASE