文章基本信息

标题：Exploring the causality between economic growth, financial development and inflation in sixteen high-income countries
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作者：José Alberto Fuinhas ; Matheus Koengkan ; Matheus Belucio 等
期刊名称：Revista de Estudos Sociais
印刷版ISSN：1519-504X
电子版ISSN：2358-7024
出版年度：2021
卷号：22
期号：45
页码：63-96
DOI：10.19093/res11094
出版社：Universidade Federal de Mato Grosso
摘要：This paper examined the relationship between economic growth, inflation, stock market development, and banking sector development for a panel of sixteen high-income countries for the period from 2001 to 2016, by using the mechanism impulse response functions and Granger causality tests derived from a panel vector autoregressive model. The evidence of bidirectional causality between all variables in the model was found. Overall, feedback and supply-leading theories have been confirmed in the literature. A plus sign in the relationship between the development of the banking sector and the stock market with economic growth was found. Therefore, stock market development and banking sector development stimulate the economy.
关键词：Economic growth; Inflation; Stock market development; Banking sector development; Panel vector autoregressive.