How the size of the monetary sector affects economic growth: Econometric evidence from industrial and developing countries
UNSPECIFIED. (1999) How the size of the monetary sector affects economic growth: Econometric evidence from industrial and developing countries. JOURNAL OF POLICY MODELING, 21 (2). pp. 213-241. ISSN 0161-8938Full text not available from this repository.
This paper introduces a two-sector neoclassical aggregate production function model that focuses on the monetary and real sectors to study the effects that the size of the monetary sector has on economic growth. The analysis utilizes data for 22 industrial countries and 100 developing countries over the period of 1961-90. Although the evidence is silent on the issue of intersectoral productivity differential, expansion in the size of monetary sector is found to have beneficial effects on the production taking place in the real sector and also on the overall economic growth. (C) 1999 Society for Policy Modeling. Published by Elsevier Science Inc.
|Item Type:||Journal Article|
|Subjects:||H Social Sciences > HC Economic History and Conditions|
|Journal or Publication Title:||JOURNAL OF POLICY MODELING|
|Publisher:||ELSEVIER SCIENCE INC|
|Number of Pages:||29|
|Page Range:||pp. 213-241|
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