Understanding the Finance–Growth Nexus from a Multidimensional Perspective

IF 1.2 Q3 BUSINESS, FINANCE
Guangdong Xu
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引用次数: 2

Abstract

This paper discusses the multidimensional nature of banking development and its effects on economic growth. Previous studies focused on the quantity dimension and overlooked other dimensions of banking development, which may have led to serious omitted variable bias in exploring the determinants of economic growth. However, incorporating other dimensions, such as banking efficiency, into growth models has proven to be a challenging task. More efforts are needed to construct indicators that can be used to proxy banking development in a more inclusive, precise, and consistent manner in future studies. JEL Codes: G21; O16; O47
从多维视角理解金融与增长的关系
本文讨论了银行业发展的多维性及其对经济增长的影响。先前的研究侧重于数量维度,而忽视了银行业发展的其他维度,这可能导致在探索经济增长的决定因素时严重遗漏了变量偏差。然而,将银行效率等其他维度纳入增长模型已被证明是一项具有挑战性的任务。需要做出更多努力来构建指标,以便在未来的研究中以更具包容性、更精确、更一致的方式来代表银行业的发展。JEL代码:G21;O16;O47
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来源期刊
CiteScore
1.80
自引率
33.30%
发文量
19
期刊介绍: The Journal of Emerging Market Finance is a forum for debate and discussion on the theory and practice of finance in emerging markets. While the emphasis is on articles that are of practical significance, the journal also covers theoretical and conceptual aspects relating to emerging financial markets. Peer-reviewed, the journal is equally useful to practitioners and to banking and investment companies as to scholars.
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