The Effect of Financial Development on Economic Growth among the Central and Eastern European Countries
Donny Tang
Temple University, Department of EconomicsPhiladelphia, USA
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20 nov 2024
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Pubblicato online: 20 nov 2024
Pagine: 406 - 423
DOI: https://doi.org/10.2478/ceej-2024-0026
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© 2024 Donny Tang, published by Sciendo
This work is licensed under the Creative Commons Attribution 4.0 International License.
Two-Stage Least Squares Results of the Financial Development Effects on Economic Growth in the CEE Countries
| 2001–2009 | 2010–2020 | 2001–2009 | 2010–2020 | |
| −0.3487 |
−0.1235 (−1.5157) | −0.1334 (−0.9490) | −0.1244 (−1.5388) | |
| 0.0471 (1.3954) | −0.2831 |
|||
| −0.0025 (−0.0239) | −0.2977 |
|||
| 0.2206 (0.1735) | 1.5690 |
−1.5770 (−1.1244) | 1.7145 |
|
| −0.0715 (−0.4985) | 0.5517 |
−0.0087 (−0.0623) | 0.5590 |
|
| −0.1063 (−1.1055) | 0.0758 (0.8857) | −0.2479 |
0.0954 (1.0746) | |
| −0.3972 (−1.2801) | −0.0401 (−0.2633) | 0.0549 (0.1739) | −0.0441 (−0.2912) | |
| 0.0518 (0.1937) | 0.6731 |
−0.3951 (−1.4863) | 0.6792 |
|
| −0.4520 |
−0.8234 |
−0.1897 (−0.8415) | −0.8195 |
|
| −0.3833 |
−0.6982 |
−0.2566 |
−0.6961 |
|
| 0.5663 (0.9403) | 0.3445 (0.4370) | 1.1472 |
0.3540 (0.4891) | |
| −0.2781 (−0.6322) | −0.4979 (−1.4624) | −0.9430 |
−0.5126 (−1.5171) | |
| −1.3454 (−1.5838) | −3.4630 |
−0.2028 (−0.2146) | −3.2586 |
|
| R2 | 0.7354 | 0.2136 | 0.6789 | 0.2158 |
| F-statistics | 14.9345 | 3.9624 | 14.1721 | 3.9704 |
| (p-value) | 0.0000 | 0.0000 | 0.0000 | 0.0000 |
| Observations | 117 | 143 | 117 | 143 |