|
Abu-Bader, S. and Abu-Qarn, A. (2008). Financial development and economic growth: The Egyptian experience. Journal of Policy Modeling, 30(5), 887-898. Aguiar-Conraria, L., Azevedo, N. and Soares, M. (2008). Using wavelets to decompose the time-frequency effects of monetary policy. Physica A: Statistical Mechanics and Its Applications, 387(12), 2863-2878. Aguiar-Conraria, L. and Soares, M. (2011,a). Business cycle synchronization and the Euro: a wavelet analysis. Journal of Macroeconomics, 33(3), 477-489. Aguiar-Conraria, L. and Soares, M. (2011,b). Oil and the macroeconomy: using wavelets to analyze old issues. Empirical Economics, 40(3), 645-655. Ang, J. and McKibbin, W. (2007). Financial liberalization, financial sector development and growth: evidence from Malaysia. Journal of Development Economics, 84(1), 215-233. Ang, J. B. (2011). Financial development, liberalization and technological deepening. European Economic Review , 55(5), 688-701. Arestis, P. and Demetriades, P. (1999). Finance and growth: Institutional considerations, financial policies and causality. Zagreb International Review of Economics and Business , 2(1), 37-62. Arestis, P., Demetriades, P., Panicos, O. and Luintel, K. (2001). Financial development and economic growth: the role of stock markets. Journal of Money, Credit and Banking, 33(1), 16-41. Balke, N. and Fomby, T. (1997). Threshold cointegration. International Economic Review, 38(3), 627-645. Barberis, N., Shleifer, A. And Wurgler, J. (2005). Comovement. Journal of Financial Economics, 75(2), 283-317 Beck, T. and Levine, R. (2004). Stock markets, banks, and growth: Panel evidence. Journal of Banking and Finance , 28(3), 423-442. Bekaert, G., Harvey, C. and Lundblad, C. (2007). China’s Financial Transition at a Crossroad. Columbia University Press, 202-280. Bencivenga, V. and Smith, B.(1991). Financial intermediation and endogenous growth. The Review of Economic Studies , 58(2), 195-209. Bollerslev, T., Chou, Y. and Kroner, K. (1992). ARCH modeling in finance: A review of the theory and empirical evidence. Journal of Econometrics, 52(1), 5-59. Boyreau-Debray, G. (2003). Financial Intermediation and Growth: Chinese style. World Bank Publications. Breitung, J. and Pesaran, M.(2008). The Econometrics of Panel Data. Springer Berlin Heidelberg, 279-322. Buffie, E.(1984). Financial repression, the new structuralists, and stabilization policy in semi-industrialized economies. Journal of Development Economics, 14(3), 305-322. Caraiani, P. (2012). Money and output: New evidence based on wavelet coherence. Economics Letters, 116(3), 547-550. Calderón, C. and Liu, L. (2003).The direction of causality between financial development and economic growth. Journal of development Economics, 72(1), 321- 334. Chen, F and Sun, X. (2014). Analysis on the changes of convergence of regional economic growth in China: 1984-2010. Journal of Cambridge Studies, 8(1), 116-138. Cheng, X. and Degryse, H. (2010).The impact of bank and non-bank financial institutions on local economic growth in China. Journal of Financial Services Research , 37(2-3), 179-199. Chang, T. (2002). Financial development and economic growth in Mainland China: A note on testing demand-following or supply-leading hypothesis. Applied Economics Letters, 9(13), 869-873. Croux, C., Forni, M. and Reichlin, L. (2001). A measure of comovement for economic variables: theory and empirics. Review of Economics and Statistics, 83(2), 232-241. De Gregorio, J. and Guidotti, P. (1995). Financial development and economic growth. World Development, 23(3), 433-448. Demetriades, P. and Hussein, K. (1996). Does financial development cause economic growth? Time-series evidence from 16 countries. Journal of Development Economics, 51(2), 387-411. Demetriades, P. and Hussein, K. (1996). Does financial development cause economic growth? Time-series evidence from 16 countries. Journal of Development Economics, 51 (2), 387-411. Den Haan, W. (2000). The comovement between output and prices. Journal of Monetary Economics, 46 (1), 3-30. Doyle, B., Faust, J., and Halket, J. (2000). An investigation of comovements among the growth rate of the G-7 countries. Federal Reserve Bulletin, 88(10), 427-437. Eichenbaum, M. and Singleton, K. (1986). Do equilibrium real business cycle theories explain postwar US business cycles? NBER Macroeconomics, 1, MIT Press, 91-146. Engle, R. and Granger, C. (1987). Co-integration and error correction: Representation, estimation, and testing. Econometrica, 55(2), 251-276. Freeman, S. and Huffman, G. (1991). Inside money, output, and causality. International Economic Review, 32(3), 645-667. Freeman, S. and Kydland, F. (2000). Monetary aggregates and output. American Economic Review, 90(5), 1125-1135. Gallegati, M., Gallegati, M., Ramsey, J. and Semmler, W. (2011). The US wage phillips curve across frequencies and over time. Oxford Bulletin of Economics and Statistics ,73(4), 489-508. Gençay, F., Selçuk and Whitcher, B. (2005). Multiscale systematic risk. Journal of International Money and Finance , 24(1), 55-70. Gençay, R., Selçuk, F. and Whitcher, B. (2001a). Differentiating intraday seasonalities through wavelet multi-scaling. Physica A, 289(3), 543-556. Gençay, R., Selçuk, F. and Whitcher, B. (2001b). Scaling properties of foreign exchange volatility. Physica A, 289(1), 249-266. Geweke, J. and Porter‐Hudak, S. (1983). The estimation and application of long memory time series models. Journal of Time Series Analysis, 4(4), 221-238. Goffe, W. (1994). Computational Techniques for Econometrics and Economic Analysis. Springer Netherlands, 137-149. Goldsmith, R. (1969). Financial Structure and Development. Yale University Press New Haven. Gomme, P. (1993). Money and growth revisited: measuring the costs of inflation in an endogenous growth model. Journal of Monetary Economics, 32(1), 51-77. Graps, A. (1995). An introduction to wavelets. Computational Science and Engineering, IEEE, 2(2), 50-61. Granger, C.(1969). Investigating causal relations by econometric models and cross- spectral methods. Econometrica, 37(3), 424-438. Greenwood, J. and Smith, B. (1997). Financial markets in development, and the development of financial markets. Journal of Economic Dynamics and Control, 21 (1), 145-181. Greenwood, J. and Jovanovic, B. (1990). Financial development, growth, and the distribution of income. The Journal of Political Economy, 98(5), 1076-1107. Grubel, H. and Fadner, K. (1971). The interdependence of international equity markets. The Journal of Finance , 26(1), 89-94. Granger, C. (1988). Some recent development in a concept of causality. Journal of Econometrics, 39(1), 199-211. Guariglia, A. and Poncet, S. (2008). Could financial distortions be no impediment to economic growth after all? Evidence from China. Journal of Comparative Economics , 36(4), 633-657. Guillaumont Jeanneney, S., Hua, P. and Liang, Z. (2006). Financial development, economic efficiency, and productivity growth: evidence from China. The Developing Economies, 44(1), 27-52. Gupta, S., Pattillo, C. and Wagh, S. (2009). Effect of remittances on poverty and financial development in Sub-Saharan Africa. World Development, 37(1), 104-115. Haan, W. (2000). The comovement between output and prices. Journal of Monetary Economics, 46 (1), 3-30. Hao, C. (2006). Development of financial intermediation and economic growth: the Chinese experience. China Economic Review, 17(4), 347-362. Harris, R. (1997). Stock markets and development: A re-assessment. European Economic Review , 41(1), 139-146. Hasan, I., Wachtel, P. and Zhou, M. (2009). Institutional development, financial deepening and economic growth: Evidence from China. Journal of Banking and Finance, 33(1), 157-170. Huang, Y. and Wang, X. (2010). Does financial repression inhibit economic growth? Empirical examination of China’s reform experience. CGC Discussion Paper, No. 5 Imbs, J. (2004). Trade, finance, specialization, and synchronization. Review of Economics and Statistics, 86(3), 723-734. Jalil, A., Feridunb, M. and Maa, Y. (2010). Finance-growth nexus in China revisited: New evidence from principal components and ARDL bounds tests. International Review of Economics and Finance , 19(2), 189-195. Johansen, S. (1991). Estimation and hypothesis testing of cointegration vectors in Gaussian vector autoregressive models. Econometrica, 59(6), 1551-1580. Jun, Z., Wan, G. and Jin, Y. (2007). The financial deepening-productivity nexus in China: 1987–2001. Journal of Chinese Economic and Business Studies, 5(1), 37-49. Keynes, J. (1936). The General Theory of Interest, Employment and Money. London: Macmillan. Khalifa Al-Yousif, Y. (2002). Financial development and economic growth: Another look at the evidence from developing countries. Review of Financial Economics, 11 (2), 131-150. Khan, M. and Ssnhadji, A. (2001). Threshold effects in the relationship between inflation and growth. IMF Staff papers,48(1), 1-21. Khan, M. and Senhadji, A. (2003). Financial development and economic growth: A review and new evidence. Journal of African Economies, 12(2), 89-110. Khan, M., and Semlali, A. (2000). Financial Development and Economic Growth: An Overview (No. 2000-2209). International Monetary Fund Publishers. King, R. and Levine, R. (1993a). Finance and growth: Schumpeter might be right. The Quarterly Journal of Economics, 108(3), 717-737. King, R. and Levine, R. (1993b). Finance, entrepreneurship and growth. Journal of Monetary Economics , 32(3), 513-542. King, R. and Watson, M. (1997). Testing long-run neutrality. FRB Richmond Economic Quarterly , 83(3), 69-101. King, R. and Plosser C. (1984). The behavior of money, credit, and prices in a real business cycle. The American Economic Review, 74(3), 363-380. Lee, T. and Yang, W. (2012). Money-income Granger-causality in quantiles, Advances in Econometrics, 30, 385-409. Levine, R. and Zervos, S. (1998). Stock markets, banks, and economic growth. American Economic Review, 88(3),537-558. Levine, R. (1997). Financial development and economic growth: views and agenda. Journal of Economic Literature ,35(2), 688-726. Levine, R. (1999). Law, finance and economic growth. Journal of Financial Intermediation ,8(1), 8-35. Levine, R., Loayza, N. and Beck, T. (2000). Financial intermediation and growth: Causality and causes. Journal of Monetary Economics, 46(1), 31-77. Levine, R. (2002). Bank-based or market-based financial systems: which is better? Journal of Financial Intermediation, 11(4), 398-428. Liu, W. and Hsu, C. (2006). The role of financial development in economic growth : The experiences of Taiwan, Korea, and Japan. Journal of Asian Economic, 17(4), 667-690. Liang, Z. (2005). Financial development, market deregulation and growth: Evidence from China. Journal of Chinese Economic and Business Studies, 3(3), 247-262. Liang, Q. and Teng, J.(2006). Financial development and economic growth: Evidence from China. China Economic Review, 17(4), 395-411. Lin, J. and Liu, Z. (2000). Fiscal decentralization and economic growth in China. Economic Development and Cultural Change , 49(1), 1-21. Lucas Jr, R. (1972). Expectations and the neutrality of money. Journal of Economic Theory, 4(2), 103-124. Masih, R. and Masih, A. (1996). Macroeconomic activity dynamics and Granger causality: New evidence from a small developing economy based on a vector error- correction modelling analysis. Economic Modelling ,13(3), 407-426. McKinnon, R. (1973). Money and Capital in Economic Development, Brookings Institution Press. Merton, R. and Bodie, Z. (1995). The Global Financial System: A Functional Perspective. Harvard Business School Press, 3-31. Odedokun, M. (1996). Alternative econometric approaches for analysing the role of the financial sector in economic growth: Time-series evidence from LDCs. Journal of Development Economics , 50(1), 119-146. Oi, H., Shiratsuka, S. and Shirota, T. (2004). On Long-Run Monetary Neutrality in Japan. Institute for Monetary and Economic Studies, Bank of Japan. Pagano, M. (1993). Financial markets and growth: An overview. European Economic Review, 37(2-3), 613-622. Park, A. and Sehrt, K. (2001). Tests of financial intermediation and banking reform in China. Journal of Comparative Economics, 29(4), 608-644. Patrick, H. (1966). Financial development and economic growth in underdeveloped countries. Economic Development and Cultural Change, 14(2), 174-189. Pesaran, M. and Smith, R. (1995). Estimating long-run relationships from dynamic heterogeneous panels. Journal of Econometrics, 68(1), 79-113. Pesaran, M., Shin, Y. and Smith, R. (1999). Pooled mean group estimation of dynamic heterogeneous panels. Journal of the American Statistical Association , 94(446), 621-634. Pesaran, M., Shin, Y. and Smith, R.(2001). Bounds testing approaches to the analysis of level relationships. Journal of Applied Econometrics, 16(3), 289-326. Psaradakisa, Z., Ravnb, M. and Sola, M. (2005) Markov switching causality and the money–output relationship. Journal of Applied Econometrics, 20(5), 665-683. Quah, D. (1993). Empirical cross-section dynamics in economic growth, European Economic Review, 37(2), 426-434. Ramsey, J. and Lampart, C. (1998). Decomposition of economic relationships by timescale using wavelets. Macroeconomic Dynamics , 2(1), 49-71. Ramsey, J. and Lampart, C. (1998).The decomposition of economic relationships by time scale using wavelets: expenditure and income. Studies in Nonlinear Dynamics and Econometrics , 3(1), 23-42. Robinson, J., Gibbons, N. and Thatcher, F. (1952) A mechanism of halophilism in Micrococcus halodenitrificans. Journal of Bacteriology, 64(1), 69. Rousseau, P. and Vuthipadadorn, D. (2005). Finance, investment, and growth: Time series evidence from 10 Asian economies. Journal of Macroeconomics, 27(1), 87- 106. Roodman, D. (2009). How to do xtabond2: An introduction to difference and system GMM in Stata. Stata Journal, 9(1), 86. Rousseau, P. and Wachtel, P. (1998). Financial intermediation and economic performance: Historical evidence from five industrialized countries. Journal of Money, Credit and Banking, 30(4), 657-678. Robinson, J. (1979). The Generalisation of the General Theory and Other Eessays, Macmillan. Rua, A. and Nunes, L. (2009). International comovement of stock market returns: A wavelet analysis. Journal of Empirical Finance ,16(4), 632-639. Rua, A. (2010). Measuring comovement in the time–frequency space. Journal of Macroeconomics, 32(2), 685-691. Tiwari, A., Mutascu, M. and Andries, A. (2013). Decomposing time-frequency relationship between producer price and consumer price indices in Romania through wavelet analysis. Economic Modelling, 31(19), 151-159. Tornell, A., Westermann, F. and Martínez, L. (2004). The positive link between financial liberalization, growth and crises. National Bureau of Economic Research, No:10293. Schumpter, J. (1912). The Theory of Economic Development. Harvard University Press, Cambridge, MA. Shan, J., Morris, A. and Sun, F. (2001). Financial development and economic growth: An egg‐and‐chicken problem? Review of International Economics , 9(3), 443-454. Shan, J. (2005). Does financial development ‘lead'' economic growth? A vector auto- regression appraisal. Applied Economics, 37(12), 1353-1367. Sinai, A. and Stokes, H. (1972). Real money balances: An omitted variable from the production function? The Review of Economics and Statistics, 54(3), 290-296. Sims, C. (1972). Money, income, and causality. The American Economic Review , 62 (4), 540-552. Stock, J. and Watson, M. (1989). Interpreting the evidence on money-income causality. Journal of Econometrics , 40(1), 161-181. Stiglitz, J. (1985). Credit markets and the control of capital. Journal of Money, Credit and Banking, 17(2) ,133-152. Van Wijnbergen, S. (1983).Credit policy, inflation and growth in a financially repressed economy. Journal of Development Economics , 13(1), 45-65. Vymyatnina, Y. (2006). How much control does bank of Russia have over money supply? Research in International Business and Finance, 20(2), 131-144. Weeks, M. and Yao, J. (2003). Provincial conditional income convergence in China, 1953–1997: A panel data approach. Econometric Reviews, 22(1), 59-77. World Bank (1997), World Development Report . Oxford University Press. Xu, Z. (2000). Financial development, investment, and economic growth. Economic Inquiry, 38(2), 331-344. Yang, S. (2005). A DCC analysis of international stock market correlations: the role of Japan on the Asian Four Tigers. Applied Financial Economics Letters, 1(2), 89-93. Yang, L. (2004). Legality, financial development and economic growth under financial repression. Social Sciences In China, 1, 03. Ying, Y. and Ishiyama, Y. (2011). The reason of China''s economic growth-based on an analysis of TFP growth. Energy Procedia 13, 10316-10320. Zhang, K. (2003). Does financial development promote economic growth in the East Asia? China Journal of Finance ,1(2), 1-10. Zhang, J., Wang, L. and Wang, S. (2012). Financial development and economic growth: recent evidence from China. Journal of Comparative Economics , 40(3), 393- 412. Zellner, A. and Theil, H. (1962). Three-stage least squares: Simultaneous estimation of simultaneous equations. Econometrica, 30(1) ,54-78.
|