THRESHOLD EFFECTS OF FINANCIAL DEVELOPMENT ON ECONOMIC GROWTH IN D-8 COUNTRIES

Q: How can I download an article?

To download an article from SID, first log in to the site, search for the article title, and click on the 'Download Article' option.

Q: How can I download an ISI article?

To download an ISI article on SID, enter the keyword or article title in the search bar, view the relevant results, click on the desired article, and select the 'Download Article' option.

Q: How can I access the SID database?

To access the SID database, visit SID.ir, create an account, and log in to access scientific resources.

Q: Is downloading articles from SID free?

Some articles on SID are available for free, while others require payment. Details are specified on the article's page.

SHAHBAZI KIUMARS; SAEIDPOUR LESYAN

مرکز اطلاعات علمی Scientific Information Database (SID) - Trusted Source for Research and Academic Resources

Journal Paper

Paper Information

Journal: JOURNAL OF ECONOMIC GROWTH AND DEVELOPMENT RESEARCH Year:2013 | Volume:3 | Issue:12 Page(s): 21-38

Download Full-Text

Persian Verion

View:

1,557

Download:

Cites:

Information Journal Paper

Title

THRESHOLD EFFECTS OF FINANCIAL DEVELOPMENT ON ECONOMIC GROWTH IN D-8 COUNTRIES

Author(s)

SHAHBAZI KIUMARS | SAEIDPOUR LESYAN | Issue Writer Certificate

Keywords

THRESHOLD EFFECTQ2

FINANCIAL DEVELOPMENTQ2

ECONOMIC GROWTHQ2

Abstract

This paper investigates the THRESHOLD EFFECTs of FINANCIAL DEVELOPMENT on ECONOMIC GROWTH in D-8 countries for the period of 1980 to 2011, using Panel Smooth Transition Regression (PSTR) model as one of the most prominent regime-switching models. For this end, domestic credit to private sector as percent of GDP is used as a FINANCIAL DEVELOPMENT indicator and transition variable. The linearity test results indicate strongly nonlinear relationship among variables under consideration. Moreover, considering one transition function and one threshold parameter, as a two regime model, is sufficient to specification of nonlinear relationship among variables. The results indicate that threshold value is 26.55 percent and the estimated slope parameter is 0.24. In the first regime, FINANCIAL DEVELOPMENT has a negative impact on economic growth. Beyond threshold value, in the second regime, the impact of FINANCIAL DEVELOPMENT is positive and very low. Therefore, FINANCIAL DEVELOPMENT has not played an important role in the process of ECONOMIC GROWTH in D-8 countries, and its influence is even very low with advancement of FINANCIAL DEVELOPMENT.

Cites

References

Cite

APA: Copy

SHAHBAZI, KIUMARS, & SAEIDPOUR, LESYAN. (2013). THRESHOLD EFFECTS OF FINANCIAL DEVELOPMENT ON ECONOMIC GROWTH IN D-8 COUNTRIES. JOURNAL OF ECONOMIC GROWTH AND DEVELOPMENT RESEARCH, 3(12), 21-38. SID. https://sid.ir/paper/192130/en

Vancouver: Copy

SHAHBAZI KIUMARS, SAEIDPOUR LESYAN. THRESHOLD EFFECTS OF FINANCIAL DEVELOPMENT ON ECONOMIC GROWTH IN D-8 COUNTRIES. JOURNAL OF ECONOMIC GROWTH AND DEVELOPMENT RESEARCH[Internet]. 2013;3(12):21-38. Available from: https://sid.ir/paper/192130/en

IEEE: Copy

KIUMARS SHAHBAZI, and LESYAN SAEIDPOUR, “THRESHOLD EFFECTS OF FINANCIAL DEVELOPMENT ON ECONOMIC GROWTH IN D-8 COUNTRIES,” JOURNAL OF ECONOMIC GROWTH AND DEVELOPMENT RESEARCH, vol. 3, no. 12, pp. 21–38, 2013, [Online]. Available: https://sid.ir/paper/192130/en

Related Journal Papers