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A teenager wears torn rubber boots in a muddy local market in Bac Ha, Viet Nam. As of 2005 figures, half the world population—more than 3 billion people–is estimated to live on less than USD 2.50 a day. Bac Ha, Viet Nam. UN Photo/Kibae Park.

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Economic Growth and Financial Depth: Is the Relationship Extinct Already?

dp2005-10.pdf dp2005-10.pdf (380.73 kilobytes)
Publisher:
UNU-WIDER
Series:
WIDER Discussion Paper
Volume:
2005/10
Title:
Economic Growth and Financial Depth: Is the Relationship Extinct Already?
Authors:
Peter L. Rousseau and Paul Wachtel
Publication date:
2005
ISBN Printed:
9291907480
ISBN Web:
9291907499
ISBN 13 Print:
9789291907489
ISBN 13 Web:
9789291907496
Copyright holder:
© UNU-WIDER
Copyright year:
2005
Keywords:
finance-growth nexus, rolling regression, robustness, cross-country growth
JEL:
E44, G10, O40
Project:
Financial Sector Development for Growth and Poverty Reduction
Sponsor:
The governments of Denmark (Royal Ministry of Foreign Affairs), Finland (Ministry for Foreign Affairs), Norway (Royal Ministry of Foreign Affairs), Sweden (Swedish International Development Cooperation Agency-Sida) and the United Kingdom (Department for International Development).
Format:
online and printed copies