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英文文献：Finance and growth: New evidence from Meta-analysis-金融与增长:元分析的新证据
英文文献作者：Asongu Simplice
英文文献摘要：
Purpose – In a meta-study, we have bridged the gap between the pros and cons of a questionable finance-growth nexus. Design/methodology/approach – Over 20 fundamental characteristics that have influenced the debate over the last decades have been examined. The empirical evidence is based on 196 outcomes from 20 studies. We assess the degree of heterogeneity and identify causes of the observed differentiation. Findings – Our findings also show evidence of publication bias. Overall, a genuine effect exists between financial development and economic growth. A finance-growth nexus might not be appealing in our era because of: endogeneity-based estimations, publication bias and, effects of financial activity. A historical justification has also been discussed. Practical implications – Encouraging the publication of results with findings that are not consistent with the mainstream positive finance-growth nexus should provide new scholarly insights into the relationship. Depending on the specific context of sampled countries, the role of policy has also been to encourage financial development through measures that may expose countries to negative external shocks like financial crises. Policy makers that have been viewing the challenges of development exclusively from this point of view for the rewards of growth may not be getting the financial dynamics correctly. Originality/value – Very few meta-analysis studies have focused on the finance-growth nexus.
目的——在一项元研究中，我们在可疑的金融-增长关系的利与弊之间架起了桥梁。设计/方法/方法-超过20个基本特征，影响了过去几十年的辩论已经被检查。实验证据基于20项研究的196项结果。我们评估异质性的程度，并确定观察到的分化的原因。研究结果——我们的研究结果也显示了发表偏倚的证据。总的来说，金融发展和经济增长之间存在着真正的影响。在我们这个时代，金融与增长之间的联系可能并不吸引人，原因包括:基于内生性的估计、发表偏倚以及金融活动的影响。也讨论了一个历史的理由。实践意义——鼓励发表与主流的正向金融-增长关系不一致的研究结果，将为研究这种关系提供新的学术见解。根据抽样国家的具体情况，政策的作用还包括通过可能使国家遭受金融危机等负面外部冲击的措施来鼓励金融发展。一直仅从这一角度来看待发展挑战的政策制定者，可能没有正确把握金融动态。创意/价值——很少有元分析研究关注金融与增长之间的关系。
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