Un réexamen de la non-linéarité entre le développement financier et la croissance économique (notice n° 833930)
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| control field | 20250123140006.0 |
| 041 ## - LANGUAGE CODE | |
| Language code of text/sound track or separate title | fre |
| 042 ## - AUTHENTICATION CODE | |
| Authentication code | dc |
| 100 10 - MAIN ENTRY--PERSONAL NAME | |
| Personal name | Eggoh, Jude C. |
| Relator term | author |
| 245 00 - TITLE STATEMENT | |
| Title | Un réexamen de la non-linéarité entre le développement financier et la croissance économique |
| 260 ## - PUBLICATION, DISTRIBUTION, ETC. | |
| Date of publication, distribution, etc. | 2013.<br/> |
| 500 ## - GENERAL NOTE | |
| General note | 22 |
| 520 ## - SUMMARY, ETC. | |
| Summary, etc. | Cet article présente un modèle simple de croissance endogène dans lequel le secteur financier améliore l’efficacité de la transformation de l’épargne en investissement. Le modèle fait apparaître l’existence de trajectoires multiples de croissance endogène à long terme, et la possibilité d’une relation non linéaire entre le développement financier et la croissance, le niveau de développement financier exerçant un effet de seuil dans cette relation. Les tests empiriques réalisés selon la méthode PSTR ( Panel Smooth Threshold Regression) sur un panel de 71 pays sur la période 1960-2006 confirment cet effet de seuil : la relation entre développement financier et croissance est positive lorsque le développement financier est relativement faible, mais son signe devient difficile à déterminer dans les pays financièrement développés. Cet effet de seuil est corroboré lorsque l’endogénéité du développement financier est prise en compte à l’aide de la méthode des moments généralisés (GMM) sur panel dynamique. |
| 520 ## - SUMMARY, ETC. | |
| Summary, etc. | The nonlinear relationship between financial development and economic growth revisited This paper presents a simple endogenous growth model in which the financial sector improves the efficiency of the savings transformation into investment. The model suggests that multiple endogenous growth paths can exist and the possibility of non-linear relationship between financial development and economic growth in the long-run. The empirical estimation realized using PSTR ( Panel Smooth Threshold Regression) models on 71 countries over the period 1960-2006, confirms the theoretical threshold effects. Furthermore, our empirical results show that the relationship between financial development and growth is positive for low level of financial development, but become indeterminate in financially developed economies. These results are confirmed using the GMM dynamic panel technique. |
| 690 ## - LOCAL SUBJECT ADDED ENTRY--TOPICAL TERM (OCLC, RLIN) | |
| Topical term or geographic name as entry element | développement financier |
| 690 ## - LOCAL SUBJECT ADDED ENTRY--TOPICAL TERM (OCLC, RLIN) | |
| Topical term or geographic name as entry element | GMM System |
| 690 ## - LOCAL SUBJECT ADDED ENTRY--TOPICAL TERM (OCLC, RLIN) | |
| Topical term or geographic name as entry element | équilibres multiples |
| 690 ## - LOCAL SUBJECT ADDED ENTRY--TOPICAL TERM (OCLC, RLIN) | |
| Topical term or geographic name as entry element | Croissance endogène |
| 690 ## - LOCAL SUBJECT ADDED ENTRY--TOPICAL TERM (OCLC, RLIN) | |
| Topical term or geographic name as entry element | modèles PSTR |
| 690 ## - LOCAL SUBJECT ADDED ENTRY--TOPICAL TERM (OCLC, RLIN) | |
| Topical term or geographic name as entry element | PSTR mo |
| 690 ## - LOCAL SUBJECT ADDED ENTRY--TOPICAL TERM (OCLC, RLIN) | |
| Topical term or geographic name as entry element | multiple equilibriums |
| 690 ## - LOCAL SUBJECT ADDED ENTRY--TOPICAL TERM (OCLC, RLIN) | |
| Topical term or geographic name as entry element | financial development |
| 690 ## - LOCAL SUBJECT ADDED ENTRY--TOPICAL TERM (OCLC, RLIN) | |
| Topical term or geographic name as entry element | Endogenous growth |
| 700 10 - ADDED ENTRY--PERSONAL NAME | |
| Personal name | Villieu, Patrick |
| Relator term | author |
| 786 0# - DATA SOURCE ENTRY | |
| Note | Revue d'économie politique | 123 | 2 | 2013-05-01 | p. 211-236 | 0373-2630 |
| 856 41 - ELECTRONIC LOCATION AND ACCESS | |
| Uniform Resource Identifier | <a href="https://shs.cairn.info/revue-d-economie-politique-2013-2-page-211?lang=fr&redirect-ssocas=7080">https://shs.cairn.info/revue-d-economie-politique-2013-2-page-211?lang=fr&redirect-ssocas=7080</a> |
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