Bank, Stock Market Efficiency and Economic Growth: Panel Data Evidence from ASEAN-5, Asia-5 and OECD-7 Countries

• Main Author: TAN, Swee Liang
• Format: text
• Language: English
• Published: Institutional Knowledge at Singapore Management University 2022
• Subjects: financial development; efficiency; economic growth; panel corrected standard error; Finance; Growth and Development; Regional Economics
• Online Access: https://ink.library.smu.edu.sg/soe_research/2642; https://ink.library.smu.edu.sg/context/soe_research/article/3641/viewcontent/3b._Efficiency_and_Growth__SER_Journal_.pdf
• Institution: Singapore Management University

This paper estimates bank and stock market efficiency associations with real per capita GDP growth by examining panel-data across three different regions using Beck-Katz Panel-Corrected Standard Errors (PCSE) regression. It allows heteroskedastic and/or contemporaneously correlated disturbances acro...