Banking Sector Openness and Economic Growth

Banking sector openness may directly increase growth by improving the quality of financial services and increasing funds available, or indirectly by improving the efficiency of financial intermediaries, both of which may reduce the cost of financing, in turn, increase capital accumulation and econom...

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Main Authors:	Bayraktar, Nihal, Wang, Yan
Format:	Journal Article
Language:	EN
Published:	2012
Subjects:	Capital Investment Capacity E220 Macroeconomics: Production E230 Financial Markets and the Macroeconomy E440 Banks Other Depository Institutions Micro Finance Institutions Mortgages G210 Economic Development: Financial Markets Saving and Capital Investment Corporate Finance and Governance O160
Online Access:	http://hdl.handle.net/10986/5235

id	okr-10986-5235
recordtype	oai_dc
spelling	okr-10986-52352021-04-23T14:02:21Z Banking Sector Openness and Economic Growth Bayraktar, Nihal Wang, Yan Capital Investment Capacity E220 Macroeconomics: Production E230 Financial Markets and the Macroeconomy E440 Banks Other Depository Institutions Micro Finance Institutions Mortgages G210 Economic Development: Financial Markets Saving and Capital Investment Corporate Finance and Governance O160 Banking sector openness may directly increase growth by improving the quality of financial services and increasing funds available, or indirectly by improving the efficiency of financial intermediaries, both of which may reduce the cost of financing, in turn, increase capital accumulation and economic growth. The objective of this paper is to empirically reinvestigate these direct and indirect links, using a more advanced econometric technique (generalised method-of-moments [GMM] dynamic panel estimators). An illustrative model is presented to link financial market development with investment. The empirical results support the presence of direct and indirect links, thus encouraging countries planning to open their financial markets. 2012-03-30T07:31:55Z 2012-03-30T07:31:55Z 2008 Journal Article Margin: The Journal of Applied Economic Research 09738010 http://hdl.handle.net/10986/5235 EN http://creativecommons.org/licenses/by-nc-nd/3.0/igo World Bank Journal Article
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	EN
topic	Capital Investment Capacity E220 Macroeconomics: Production E230 Financial Markets and the Macroeconomy E440 Banks Other Depository Institutions Micro Finance Institutions Mortgages G210 Economic Development: Financial Markets Saving and Capital Investment Corporate Finance and Governance O160
spellingShingle	Capital Investment Capacity E220 Macroeconomics: Production E230 Financial Markets and the Macroeconomy E440 Banks Other Depository Institutions Micro Finance Institutions Mortgages G210 Economic Development: Financial Markets Saving and Capital Investment Corporate Finance and Governance O160 Bayraktar, Nihal Wang, Yan Banking Sector Openness and Economic Growth
relation	http://creativecommons.org/licenses/by-nc-nd/3.0/igo
description	Banking sector openness may directly increase growth by improving the quality of financial services and increasing funds available, or indirectly by improving the efficiency of financial intermediaries, both of which may reduce the cost of financing, in turn, increase capital accumulation and economic growth. The objective of this paper is to empirically reinvestigate these direct and indirect links, using a more advanced econometric technique (generalised method-of-moments [GMM] dynamic panel estimators). An illustrative model is presented to link financial market development with investment. The empirical results support the presence of direct and indirect links, thus encouraging countries planning to open their financial markets.
format	Journal Article
author	Bayraktar, Nihal Wang, Yan
author_facet	Bayraktar, Nihal Wang, Yan
author_sort	Bayraktar, Nihal
title	Banking Sector Openness and Economic Growth
title_short	Banking Sector Openness and Economic Growth
title_full	Banking Sector Openness and Economic Growth
title_fullStr	Banking Sector Openness and Economic Growth
title_full_unstemmed	Banking Sector Openness and Economic Growth
title_sort	banking sector openness and economic growth
publishDate	2012
url	http://hdl.handle.net/10986/5235
_version_	1764394402126495744

Banking Sector Openness and Economic Growth

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