Financial Development and Economic Growth Nexus: A Rejoinder to Tsionas
3 Pages Posted: 14 May 2020
Date Written: July 2019
Tsionas has offered a more revisionist approach to the empirics of the nexus between financial development and economic growth following our paper entitled ‘Financial development and economic growth nexus: A revisionist approach’. In the current note, we engage Tsionas’ approach in tandem with our original finance–growth nexus review. We concur with Tsionas’ approach and reiterate that the debate on the relationship between financial development and economic growth remains a complex terrain both on the theoretical and empirical fronts.
JEL Classification: G10, G20, O1
Suggested Citation: Suggested Citation