Financial depth, internet penetration rates and economic growth: country-panel evidence. Issue 4 (20th January 2016)

• Record Type: Journal Article
• Authors: Pradhan, Rudra P.; Arvin, Mak B.; Norman, Neville R.; Bennett, Sara E.
• Is Part Of: Applied economics. Volume 48:Issue 4(2016)
• Page Start: 331
• Page End: 343
• Publication Date: 2016-01-20
• Subjects: Financial depth -- internet penetration rates -- economic growth -- panel VAR -- Next-11 countries; L96 -- O32 -- O33; Economics -- Periodicals; 330
• DOI: 10.1080/00036846.2015.1078450
• Languages: English
• ISSNs: 0003-6846

Abstract

ABSTRACT: The article investigates causal relationships between internet penetration rates, financial depth and per capita economic growth in the Next-11 countries. Using panel vector autoregressive (VAR) approaches, our empirical results show that these variables are cointegrated. Moreover, we find bidirectional causality between internet penetration rates and economic growth, and between financial depth and economic growth in the short run.