Samenvatting
By performing a cross-country growth regression for the 1970-1998 period this paper finds evidence for the fact that the impact of policy uncertainty on economic growth depends on the development of the financial sector. It appears that a higher level of financial development partly mitigates the negative impact of policy uncertainty on economic growth. This clearly indicates the relevance of financial sector development.
| Originele taal-2 | English |
|---|---|
| Pagina's (van-tot) | 299-312 |
| Aantal pagina's | 14 |
| Tijdschrift | Economist-Netherlands |
| Volume | 149 |
| Nummer van het tijdschrift | 3 |
| Status | Published - sep.-2001 |