欧洲经济区国家金融-增长-创新关系的定量评估:来自多元VECM的证据

IF 1.2 Q4 BUSINESS

Journal of East-West Business Pub Date : 2019-05-09 DOI:10.1080/10669868.2019.1602575

R. Pradhan, J. Hall, Atul Gupta, Y. Nishigaki, F. Filho, E. D. Toit

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引用次数: 9

摘要

本文利用1989年至2016年欧洲经济区国家的国家级数据，考察了经济增长、创新和金融市场活动之间的相互作用，并特别参考了债券和保险市场。我们的目的是了解这些变量之间是否存在因果关系，或者根本没有因果关系。利用向量误差修正模型，研究发现金融市场活动和经济增长决定了这些国家的创新活动。此外，研究还发现金融市场活动与经济增长、创新活动与经济增长之间存在双向格兰杰因果关系。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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A Quantitative Assessment of the Finance–Growth–Innovation Nexus in EEA Countries: Evidence from a Multivariate VECM

Abstract This paper uses country-level data of European Economic Area countries between 1989 and 2016 to examine the interactions between economic growth, innovation, and financial market activities, with specific reference to the bond and insurance markets. Our intent is to know whether causality runs among these variables both ways, or not at all. Using a vector error correction model, the study finds that financial market activities and economic growth determine innovation activities in these countries. Additionally, the study also finds bidirectional Granger causality between financial market activities and economic growth, as well as between innovation activities and economic growth.

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来源期刊

Journal of East-West Business BUSINESS-

CiteScore

2.10

自引率

26.70%

发文量

期刊介绍： Journal of East-West Business is a quarterly journal that deals with contemporary and emerging aspects of business studies, strategies, development, and practice as they relate to the Russian Federation, the new republics of the Commonwealth of Independent States, and Eastern/Central Europe-and business relationships with other countries of the world. The Journal of East-West Business is international in scope and treats business issues from comparative, cross-cultural, and cross-national perspectives. The journal features an Editorial Advisory Board that represents the Russian Federation, Eastern/Central European, and Baltic states in this new business arena.