Asymmetric Impact of Financial Intermediary Development in Low- and High-Income Countries

Asymmetric Impact of Financial Intermediary Development in Low- and High-Income Countries

This study uses the quantile regression method developed by Koenker and Bassett (1978) to examine the asymmetric effect of financial intermediary development on economic growth in low- and high-income countries. A three-sector neoclassical growth model composed of a representative family sector, pro...

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Bibliographic Details
Main Authors: Chi-Chun Yang, Ya-Kai Chang
Format: Article
Language:English
Published: MDPI AG 2020-07-01
Series:Sustainability
Subjects:
three-sector endogenous growth model
quantile regression
financial intermediation
human capital
economic growth
sustainability
Online Access:https://www.mdpi.com/2071-1050/12/15/5960

Internet

https://www.mdpi.com/2071-1050/12/15/5960

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