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Croissance et mode de financement : Analyse économétrique sur données de panel

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  • Florence Legros
  • Mohamed Najib Sassenou

Abstract

[fre] Croissance et mode de financement. Analyse économétrique sur données de panel. . Nous testons ici quelques relations entre la nature de la croissance économique et le mode de financement de cette croissance. Nous distinguons entre financement domestique - par les circuits internes aux pays considérés - et financement extérieur - par les banques internationales- et testons avec succès des relations d'endogénéité entre croissance et modalités de financement. La pré­sente étude possède deux originalités :. - d'une part, nous utilisons les scores établis par les banques internationales comme indicateurs des conditions de financement externe ;. - d'autre part, nous tentons de concilier approche dynamique et économétrie sur données de panel. [eng] Economic growth and financial sources of development some econometric estimations using panel data. . Using panel data estimations we consider the relationships between the past economic growth of 34 countries and the channel they used to provide financial flows to their investment. We consider two different kinds of invesment sources : domestic - by internal financial flows - and external - by international banks and investors - then we estimate successfully some endogeneous growth relationships using the different kinds of financing ways. This paper presents two particularities : . - we use as indicators of financing prices and volumes the rating scores built by international banks without any transformation ;. - we introduce a dynamic dimension in a panel data estimation.

Suggested Citation

  • Florence Legros & Mohamed Najib Sassenou, 1998. "Croissance et mode de financement : Analyse économétrique sur données de panel," Revue Économique, Programme National Persée, vol. 49(1), pages 207-222.
    • Handle: RePEc:prs:reveco:reco_0035-2764_1998_num_49_1_409973
    DOI: 10.3406/reco.1998.409973
    Note: DOI:10.3406/reco.1998.409973
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    References listed on IDEAS

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