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dc.contributor.author
Graff, Michael
dc.date.accessioned
2018-03-07T16:32:22Z
dc.date.available
2017-06-12T17:33:26Z
dc.date.available
2018-03-07T16:32:22Z
dc.date.issued
2005-08
dc.identifier.uri
http://hdl.handle.net/20.500.11850/124478
dc.identifier.doi
10.3929/ethz-a-005104837
dc.description.abstract
This paper addresses the notion of an "optimum level of financial activity" that is contingent on a country's general level of development. Referring to threshold regressions and a bootstrap test for structural shift of the finance regressor in a growth equation, it is shown that countries gain less from a given level of financial activity, if the latter fails to keep up with or exceeds what would follow from a balanced expansion path. The paper contributes to the literature on the finance-growth nexus in providing empirical support for the notion of "balanced" financial development with a development specific optimum level of financial activity.
en_US
dc.language.iso
en
en_US
dc.publisher
KOF Swiss Economic Institute, ETH Zurich
dc.rights.uri
http://rightsstatements.org/page/InC-NC/1.0/
dc.subject
OPTIMIERUNGSMODELLE (OPERATIONS RESEARCH)
en_US
dc.subject
OPTIMIZATION MODELS (OPERATIONS RESEARCH)
en_US
dc.subject
BAYESIAN THEORY (PROBABILITY THEORY)
en_US
dc.subject
ECONOMIC DEVELOPMENT
en_US
dc.subject
Bootstrapping
en_US
dc.subject
WIRTSCHAFTSENTWICKLUNG
en_US
dc.subject
FINANZWESEN
en_US
dc.subject
BAYESSCHE THEORIE (WAHRSCHEINLICHKEITSRECHNUNG)
en_US
dc.subject
Bayesian statistics
en_US
dc.subject
FINANCE
en_US
dc.subject
Optimum financial activity
en_US
dc.title
Is There an Optimum Level of Financial Activity?
en_US
dc.type
Working Paper
dc.rights.license
In Copyright - Non-Commercial Use Permitted
ethz.journal.title
KOF Working Papers
ethz.journal.volume
106
en_US
ethz.size
25 p.
en_US
ethz.code.ddc
3 - Social sciences::330 - Economics
en_US
ethz.notes
.
en_US
ethz.identifier.nebis
005104837
ethz.publication.place
Zürich
en_US
ethz.publication.status
published
en_US
ethz.leitzahl
ETH Zürich::00002 - ETH Zürich::00012 - Lehre und Forschung::00007 - Departemente::02120 - Dep. Management, Technologie und Ökon. / Dep. of Management, Technology, and Ec.::02525 - KOF Konjunkturforschungsstelle / KOF Swiss Economic Institute
en_US
ethz.leitzahl.certified
ETH Zürich::00002 - ETH Zürich::00012 - Lehre und Forschung::00007 - Departemente::02120 - Dep. Management, Technologie und Ökon. / Dep. of Management, Technology, and Ec.::02525 - KOF Konjunkturforschungsstelle / KOF Swiss Economic Institute
ethz.date.deposited
2017-06-12T17:33:55Z
ethz.source
ECOL
ethz.source
ECIT
ethz.identifier.importid
imp593654fe9e16c82967
ethz.identifier.importid
imp59366a935a80461942
ethz.ecolpid
eth:28300
ethz.ecitpid
pub:186984
ethz.eth
yes
en_US
ethz.availability
Open access
en_US
ethz.rosetta.installDate
2017-07-13T08:38:16Z
ethz.rosetta.lastUpdated
2019-01-02T12:21:25Z
ethz.rosetta.exportRequired
true
ethz.rosetta.versionExported
true
ethz.COinS
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