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• W2081902838 abstract "This paper reassesses the causal relationship between financial development and economic growth. Using recently developed panel methods on a data set of 71 developed and developing countries over the period 1960–2004, our study confirms previous results of a bidirectional causality between finance and growth. In addition, we show significant differences among country groups when considering both long-run and short-run causality. While in low and middle income countries there is no supportive evidence of short-run causality between financial development and economic growth, in high income countries economic growth significantly affects financial development." @default.
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• W2081902838 date "2011-06-01" @default.
• W2081902838 modified "2023-10-10" @default.
• W2081902838 title "Further evidence on finance-growth causality: A panel data analysis" @default.
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• W2081902838 doi "https://doi.org/10.1016/j.ecosys.2010.07.001" @default.
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