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Social and Behavioral Sciences Commons

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2012

University of Kentucky

Theses and Dissertations--Economics

Financial development; Economic growth; Currency unions; Extensive and intensive margins of trade

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Three Essays On Financial Development, Biniv K. Maskay Jan 2012

Three Essays On Financial Development, Biniv K. Maskay

Theses and Dissertations--Economics

My dissertation investigates three separate issues pertaining to a country's financial development. The first essay provides an introduction to the three essays. The second essay examines the combined effect of financial development and human capital on economic growth. While both financial development and human capital are individually positively correlated with growth, the literature has not emphasized their combined effect on growth. In this essay, I analyze the extent to which the effect of financial development on growth depends on a country's level of human capital. Using dynamic panel difference and system GMM, as well as the pooled OLS, I find …