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| Thanasis Stengos, Andreas Savvides, Theofanis Mamuneas and Elena Ketteni |
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| ''Is the Financial Development and Economic Growth Relationship Nonlinear?'' |
| ( 2007, Vol. 15 No.14 ) |
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| Using nonparametric estimation techniques we find that, in contrast to recent research, the finance-growth relationship is linear when the previously documented nonlinearity between initial per capita income, human capital and economic growth is taken into account. |
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| Keywords: |
JEL: O1 - Economic Development: General
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| Manuscript Received : Apr 27 2007 | | Manuscript Accepted : Jul 24 2007 |
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