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Thanasis Stengos, Andreas Savvides, Theofanis Mamuneas and Elena Ketteni
''Is the Financial Development and Economic Growth Relationship Nonlinear?''
( 2007, Vol. 15 No.14 )
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.
JEL: O1 - Economic Development: General
Manuscript Received : Apr 27 2007 Manuscript Accepted : Jul 24 2007

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