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Article Dans Une Revue Economic Papers: A journal of applied economics and policy Année : 2013

Access to Finance Thresholds and the Finance-Growth Nexus

Résumé

Based on Aghion et al. (2005), this article provides new insights regarding whether financial development can affect economic growth non-linearly by adopting the concept of threshold effects. The empirical approach adopted in this article allows for the finance-growth relationship to be piecewise linear with a set of indicators including access to finance acting as a regime-switching trigger. Using crosscountry observations from 144 countries stretching from 1985 to 2009, strong evidence of threshold effects in finance-growth link is found. It is suggested that financial development in general, and access to finance in particular, is among the important forces contributing to crosscountry (non)-convergences in growth rates.

Dates et versions

hal-03840532 , version 1 (13-04-2023)

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Riadh Ben Jelili, Walid Abdmoulah. Access to Finance Thresholds and the Finance-Growth Nexus. Economic Papers: A journal of applied economics and policy, 2013, 32 (4), pp.522 - 534. ⟨10.1111/1759-3441.12059⟩. ⟨hal-03840532⟩
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