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Financial development and economic growth nexus: A more revisionist approach

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  • Mike G. Tsionas

Abstract

I provide extensions to Nyasha and Odhiambo regarding models of the finance—growth nexus. These models allow for heterogeneity, as well as mediation versus moderation effects of financial development. The conclusion is that useful models can be very different compared to what has been done in the literature.

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  • Mike G. Tsionas, 2019. "Financial development and economic growth nexus: A more revisionist approach," Economic Notes, Banca Monte dei Paschi di Siena SpA, vol. 48(2), July.
    • Handle: RePEc:bla:ecnote:v:48:y:2019:i:2:n:e12134
    DOI: 10.1111/ecno.12134
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