...Deniz Baglan; Le Thi Nguyen Purpose This paper aims to investigate whether the effect of government consumption expenditure on economic growth is nonlinear and influenced by institutional and structural characteristics. Unlike most existing literature, which uses linear models, this study...

... in modern financial ecosystems, providing deeper insights into its implications for economic growth and innovation. Corresponding author Amira Tarek amira.tarek@giu-uni.de 15 04 2025 17 07 2025 24 09 2025 21 10 2025 23 10 2025 © 2025 Emerald Publishing Limited 2025...

...Erum Abbas; Tanweer Ul Islam Purpose This study aims to examine the causal relationship between financial development ( FD ) and economic growth ( EG ) in 20 developing countries, evaluating the dynamics across multiple time and frequency scales to determine the validity of four key hypotheses...

...Dhita Aditya Nugraha; Sugiharso Safuan Purpose This study aims to assess the impact of information and communication technologies (ICT) and financial inclusion on economic growth. This study also examines whether ICT can be a determinant of financial inclusion. Moreover, this study provides new...

...Siti Nurazira Mohd Daud; Nur Syazwina Ghazali; Nur Hafizah Mohammad Ismail Purpose This paper aims to examine the relationships among environmental, social and governance (ESG) practices, innovation and economic growth in five Asian countries from 1990 to 2020. Design/methodology/approach...

...John Henry Hall Purpose The purpose of this paper is to determine if there is a link between corporate shareholder value creation and economic growth. The first objective of this paper is to determine which specific shareholder value measurement best explains shareholder value creation...

... confirm a negative relationship between water pricing and consumption and verify a positive relationship between economic growth and water consumption across most regions of Thailand. Furthermore, the authors reveal a clear relationship between climate factors and water consumption and an inverse...

...Noor Zahirah Mohd Sidek; Mehmet Asutay Purpose Most empirical studies on the government expenditure-economic growth nexus suggest a negative relationship between the size of the government expenditures and economic growth especially government consumption expenditures. Given these findings...

...Md Akther Uddin; Md Hakim Ali; Mansur Masih Purpose This paper aims to study institutions, human capital and economic growth in developing countries. Design/methodology/approach The study applies dynamic system Generalized Method of Moments (GMM) and simultaneous quantile regression on a panel...

... in favor of fiscal sustainability during low fiscal deficit periods. Similarly, using a threshold regression model, the optimum public debt as a percentage to GDP seems to be around 21 per cent on a quarterly basis, beyond this level, public debt hurts economic growth. Practical implications From...

...Isaac Boadi; Daniel Osarfo; Perpetual Boadi Purpose The purpose of this paper is to investigate the relative impact of bank-based and market-based financial developments on economic growth from 1984 to 2015, using 60countries. Design/methodology/approach This study uses fixed effect...

...Ramez Abubakr Badeeb; Hooi Hooi Lean Purpose This paper aims to examine the validity of the question of whether oil dependence has a negative impact on the relationship between financial development and economic growth in Yemen. Design/methodology/approach The auto-regressive distributed lag...

...Andrew Phiri Purpose – The purpose of this paper is to investigate asymmetric cointegration and causality effects between financial development and economic growth for South African data spanning over the period of 1992-2013. Design/methodology/approach – This study makes the use...

... (2010) in their study on China found a positive relationship between financial development and pollution. Their study concluded that financial development, rapid economic growth and energy consumption are harmful for environmental quality in China. Shahbaz et al. (2011) not only found...

...Madhu Sehrawat; A K Giri Purpose – The purpose of this paper is to examine the relationship between financial development and economic growth in India using annual data from 1982 to 2012. Design/methodology/approach – The stationarity properties are checked by ADF, DF-GLS, KPSS and Ng...

...Sheilla Nyasha; N.M. Odhiambo Purpose – This paper aims to survey the existing literature on the causal relationship between market-based financial development and economic growth – in both developed and developing countries, highlighting the theoretical and the empirical evidence. Design...

... that affect economic growth in these countries. Design/methodology/approach This paper is an empirical analysis of the relationship between financial development and economic growth for 42 emerging markets, over 12 years, using endogenous growth model. Findings First, the results suggest that stock...

... simulations. The frame of presentation is the so‐called Kuznets curve. Findings The paper shows under what circumstances the inverted U‐shaped curve hypothesized by Kuznets emerges and clarifies the role of a functioning capital market for economic growth and the distribution of income. It turns out...

...Deodat E. Adenutsi Purpose The purpose of this paper is to provide further insights into understanding the finance‐growth nexus by verifying the hypothesis that financial development promotes economic growth through its capacity to attract increased international migrant remittances to Ghana...

... a long‐run equilibrium relationship between financial development and economic growth. This is consistent with the view that financial development can act as an “engine of growth” and plays a crucial role in the process of economic development. However, there is little evidence to support the hypothesis...