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Rozwój finansowy a wzrost gospodarczy. Metaanaliza

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W rozdziale pierwszym omówiono ramy teoretyczne rozważań nad związkami rozwoju finansowego ze wzrostem gospodarczym. Literatura poświęcona temu tematowi ma zasadniczo charakter empiryczny, skoncentrowano się więc na trzech głównych koncepcjach teoretycznych będących punktem odniesienia w badaniach pierwotnych, które stały się bazą empiryczną dla przeprowadzonej metaanalizy: teorii J. Schumpetera, koncepcji tarć finansowych w endogenicznych teoriach wzrostu gospodarczego oraz teorii kosztów transakcyjnych i asymetrii informacji. W dalszej części rozdziału dokonano przeglądu badań empirycznych, obrazując ewolucję, jaka nastąpiła zarówno w odniesieniu do stosowanych metod badawczych, jak i uzyskiwanych wyników. W rozdziale drugim omówiono metaanalizę jako metodę badawczą. Przedstawiono jej silne i słabe strony, ustosunkowano się także do zarzutów, jakie czasami są wobec niej formułowane. W dalszej części rozdziału scharakteryzowano etapy metaanalizy i założenia, jakie przyjęto w metaanalizie związków między rozwojem finansowym a wzrostem gospodarczym. Opisano również źródła danych, a także podstawową charakterystykę bazy danych. W rozdziale trzecim przedstawiono wyniki metaanalizy oraz dyskusję na ich temat. Zaprezentowano wyniki dla całego zbioru oszacowań liniowych, a następnie przeanalizowano determinanty zróżnicowania wyników. Rozważono także wyniki w podziale na kanały wpływu finansów na wzrost (kanał bankowy, kanał rynków kapitałowych, podaż pieniądza) oraz ze względu na poziom rozwoju gospodarczego metaanalizy. Rozdział zamyka analiza wyników dla oszacowań nieliniowych oraz dyskusja na temat hipotezy too much finance. (fragment tekstu)
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  • Uniwersytet Ekonomiczny w Katowicach
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