RETRACTED ARTICLE: An empirical study on the relationship between China’s financial development and economic growth based on sensor technology

Wang, Aidong

doi:10.1186/s13638-018-1322-z

Cited by 5 publications

(3 citation statements)

References 3 publications

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“…One line of thought among scholars pointed out that FD positively affected the EG (Rahaman et al, 2022;Hewage et al, 2022). Wang (2019) and Sobiech (2019) stated that financial deepening via improving financial services and financial institutions would make a positive contribution to increasing GDP. Furthermore, Comin and Nanda (2019) have stated that development in financial services would create opportunities to increase production capacity and investments in the industrial sector, and that could reduce poverty, income inequality, and unemployment.…”

Section: Financial Development and Economic Growthmentioning

confidence: 99%

Moderator Effect of Technological Advancement on Financial Development and Economic Growth Nexus in Asian Countries

Hewage,

Pyeman,

Othman

2024

JIS

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The examination of the nexus between Financial Development (FD), Technological Advancement (TA), Human Capital (HC), andPrivate Consumption (PC) to Economic Growth (EG) has gained substantial attention in both empirical and theoretical academia sincethe early nineteenth century. Scholars affirm that FD, HC, PC, and TA are crucial factors in determining optimal resource allocationand efficient utilization required to achieve sustainable EG. This study investigates the nexus of FD, HC, and PC with EG in Asiancountries, with TA serving as the moderator. Data from 35 countries were collected annually over 15 years, spanning from 2005 to 2019. Using short panel data analysis, due to the higher number of crosssections (35) compared to time intervals (15), the findings confirm TA’s significant moderator effect in both short and long-run time scenarios. Additionally, a significant negative relationship with EG is observed for FD and PC, while TA and HC are identified as promoters of EG. The study underscores the importance of investing in TA while concurrently developing the quality of the labor force. Policymakers are encouraged to prioritize technology development and the introduction of innovative techniques. However, caution is advised in FD projects, necessitating strategies to reduce domestic private consumption.

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Section: Financial Development and Economic Growthmentioning

confidence: 99%

Moderator Effect of Technological Advancement on Financial Development and Economic Growth Nexus in Asian Countries

Hewage,

Pyeman,

Othman

2024

JIS

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“…Finansal gelişme veya finansal derinleşme olarak tanımlanan bu durumun ekonomik büyümeyi pozitif yönde desteklediğine dair birçok akademik çalışma bulunmaktadır (Patrick, 1966;King ve Levine, 1993;Levine, 1997;Ghali, 1999;Levine, Loayza ve Beck, 2000;Calderon ve Liu, 2003;Apergis vd., 2007;Iyoboyi, 2013;Hamdi vd., 2014;Ghildiyal vd., 2015;Bakang, 2015;Wang, 2019;Sugiyanto ve Yolanda, 2020).…”

Section: Sukuk Ve Ekonomik Büyümeunclassified

Sukuk ve Ekonomik Büyüme İlişkisi: Türkiye Üzerine Bir Uygulama

DİLBER

2022

Çankırı Karatekin Üniversitesi Sosyal Bilimler Enstitüsü Dergisi

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Purpose: The aim of this paper is to investigate the relationship between sukuk issued by participation banks and economic growth in Turkey. Method: In this paper, Engle-Granger co-integration and Grenger causality approaches were used as methods. The sukuk issued by all participation banks operating in Turkey and real GDP figures have been analyzed for the period of 2013Q4-2021Q3. Findings: As a result of the Engle-Granger co-integration test, long-term statistically significant co-integration relationship was not found between the issuance of sukuk and real GDP. However, according to the Grenger causality test results, a one-way Grenger causality relationship from real GDP to sukuk issuances was found. Implications: According to the results of this paper, there is no co-integration relationship between the sukuk issued by participation banks and economic growth in Turkey. In other words, it was concluded that there is no long-term equilibrium relationship between the variables. In addition, the one-way Grenger causality relationship determined from economic growth to sukuk issuance shows that participation banks cannot contribute to economic growth with the sukuk instrument, on the contrary, they benefit from economic growth. The results of the study are in the opposite direction of the expected results. Originality: The originality of this study is that it is the first study to examine the relationship between variables in the context of Turkey using the Engle-Grenger co-integration and Grenger causality approach.

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“…An increase in productivity is a significant factor responsible for per capita economic growth. An increase in the per capita income of citizens (investors) could make investors invest in long term financial assets in many ways through the financial system mechanism, which leads to financial development (Wang, 2019).…”

Section: Figure 2 Financial Development Index Asean 2010-2017mentioning

confidence: 99%

Convergence of Financial Development in Asean Based on Private Credit and Liquid Liabilities Indicators

Prasetyo

2021

BISMA

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The financial development gap for ASEAN countries is critical to analyze since the widening financial development gap will lead to underdeveloped financial sector performance. The concept considered appropriate to measure the gap of financial development is the sigma, and beta convergence approaches. Therefore, this study aims to measure, test, and analyze the convergence of sigma and beta financial development in ASEAN. The method used was the Generalized Moment Method (GMM) dynamic panel with 2010-2017. Results of the study showed that there is a convergence of sigma and beta financial development in ASEAN countries. The limitation of this study is that it only uses two indicators of financial development. The governments of each ASEAN country can improve the financial sector by reforming the financial sector to mitigate, improve, and encourage the development of the financial sector. Keywords: ASEAN, convergence, financial development, GMM

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RETRACTED ARTICLE: An empirical study on the relationship between China’s financial development and economic growth based on sensor technology

Cited by 5 publications

References 3 publications

Moderator Effect of Technological Advancement on Financial Development and Economic Growth Nexus in Asian Countries

Moderator Effect of Technological Advancement on Financial Development and Economic Growth Nexus in Asian Countries

Sukuk ve Ekonomik Büyüme İlişkisi: Türkiye Üzerine Bir Uygulama

Convergence of Financial Development in Asean Based on Private Credit and Liquid Liabilities Indicators

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