Financial intermediation and growth: causality and causes without outliers |
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| Authors: | Corrado Andini |
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| Institution: | (1) Universidade da Madeira, Funchal, Portugal;(2) CEEAplA, Ponta Delgada, Portugal;(3) IZA, Bonn, Germany |
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| Abstract: | In a seminal paper, Levine et al. (J Monet Econ 46:31–77, 2000) provide cross-sectional evidence showing that financial development has positive average impact on long-run growth, using
a sample of 71 countries. We argue that the evidence is sensitive to the presence of outliers.
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| Keywords: | Financial development Economic growth |
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