Utilize este identificador para referenciar este registo: http://hdl.handle.net/10400.5/6301
Título: Does financial development promote economic growth?
Autor: Venâncio, Sara Filipa Meixedo
Orientador: Ferreira, Maria Cândida
Palavras-chave: Financial development
Economic growth
OLS estimators
Data de Defesa: 2013
Editora: Instituto Superior de Economia e Gestão
Citação: Venâncio, Sara Filipa Meixedo. 2013. "Does financial development promote economic growth?". Dissertação de Mestrado. Universidade de Lisboa. Instituto Superior de Economia e Gestão.
Resumo: This study investigates the relationship between financial development and economic growth, using two panel of 17 and 19 developed countries, covering the period from 1980 to 2011 and 2000 to 2011, respectively. This study includes variables that measure the development of the financial sector in order to explain the GDP per capita growth, using modified ordinary least squares, fixed and random effects estimations. The results indicate that domestic credit provided by banking sector and domestic credit to the private sector are (in most estimations) negatively correlated with growth. This may be explained by poor and inefficient credit allocation. The results also show that gross domestic savings and M2 play a significant role in economic growth. Moreover, the ratio non-performing loans/total loans is positively correlated with GDP, particularly for estimations where credit variables were excluded. Little evidence was found from the relationship between liquidity provided by the banking system and capital markets, and economic development.
Descrição: Mestrado em Economia Monetária e Financeira
URI: http://hdl.handle.net/10400.5/6301
Aparece nas colecções:DE - Dissertações de Mestrado / Master Thesis
BISEG - Dissertações de Mestrado / Master Thesis

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