This paper provides a survey of the recent progress in the literature of financial development
and economic growth. The survey highlights that most empirical studies focus on either …

We conduct a meta‐analysis of the literature of financial development and economic growth.
We cover a large number of empirical studies and estimations that have been published in …

This paper studies the endogenous relationships among financial development, energy
consumption, and economic growth in China by applying a GMM panel VAR approach with …

The objective of this paper is to examine whether financial development leads to economic
growth or vice versa in the small open economy of Malaysia. Using time series data from …

Using an innovative threshold estimation technique, this study examines whether the growth
effect of financial development in countries with distinct levels of institutional development …

Whether an economy can be categorized as middle-income or not is an empirical issue. We
apply the World Bank's standard to divide middle-income economies into trapped middle …

The majority of theoretical studies on the relationship between income inequality and
financial development argue that financial deepening might be a feasible instrument for …

This paper estimates a six-equation model of financial development and economic growth
for Malaysia to shed light on the mechanisms linking these two variables. The results …

This paper revisits the question of whether the finance–growth nexus varies with the stages
of economic development. Using a novel threshold regression with the instrumental …

The empirical evidence predicts that political institutions are the core component of
institutional matrix. They set stages for other institutions to be devised and influence the …