Please use this identifier to cite or link to this item: https://hdl.handle.net/20.500.14365/4580
Title: Exploring the Finance-Growth Volatility Nexus: Evidience From Developed, Developing and Transition Countries
Authors: Vardar G.
Coşkun Y.
Keywords: Banking
Financial development
Growth volatility
Panel-GMM
Stock market
Publisher: International Economic Society
Abstract: Utilizing Arellano and Bond (1991) panel-GMM estimator model, this paper investigates dynamic interactions between financial system, through bank/stock market development, and economic growth volatility in overall/specific country group levels for 47 developed/developing/transition countries during 1989-2012 periods. Empirical results for the full sample of countries suggest that all variables, except stock market turnover ratio, have a statistically significant and negative impact on economic growth volatility, whereas domestic credit to GDP has a statistically significant but positive impact. This result may imply that it is the development of the stock market rather than the development of the banking sector that dampens the growth volatility. © International Economic Society.
URI: https://hdl.handle.net/20.500.14365/4580
ISSN: 1307-1637
Appears in Collections:Scopus İndeksli Yayınlar Koleksiyonu / Scopus Indexed Publications Collection

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