Open AccessPosted Content
Financial Development and Economic Growth: Views and Agenda
Ross Levine,Ross Levine +1 more
Reads0
Chats0
TLDR
The authors argue that the preponderance of theoretical reasoning and empirical evidence suggests a positive, first-order relationship between financial development and economic growth, and that the development of financial markets and institutions is a critical and inextricable part of the growth process and away from the view that the financial system is an inconsequential sidehow, responding passively to economic growth.Abstract:
This critique argues that the preponderance of theoretical reasoning and empirical evidence suggests a positive, first-order relationship between financial development and economic growth. The body of work would push even most skeptics toward the belief that the development of financial markets and institutions is a critical and inextricable part of the growth process and away from the view that the financial system is an inconsequential sideshow, responding passively to economic growth. Many gaps remain, however, and the paper highlights areas in acute need of additional research.read more
Citations
More filters
Journal ArticleDOI
Terms of trade and economic growth in Japan and Korea: an empirical analysis
TL;DR: In this article, the authors examined the impact of terms of trade and volatility on economic growth in Japan and Korea using time series data using the Johansen (1988) cointegration method.
Journal Article
Financial Sector Development and Economic Growth: Evidence from Zimbabwe
TL;DR: In this paper, the causal relation between financial system development and economic growth from a Zimbabwean perspective, based on two inter-related broad aims, the first being the established of cointegration relationship between the two and the ultimate direction of the causal relationship.
Journal ArticleDOI
Social institutions, corporate governance and firm-performance in the MENA region
TL;DR: In this article, the authors examined the impact of social institutions, firm-specific corporate governance and ownership characteristics on firm performance in the MENA countries and found that the relationship between governance and firm performance depends on the measurement used for firm performance.
Posted Content
Financial inclusion and its determinants: the case of Argentina
TL;DR: In terms of use, a person's level of education, income, and age are all important variables which determine whether they have financial products such as accounts, credit and debit cards, formal credit and electronic payments, and the factors affecting the perception of different barriers of involuntary exclusion are: income and age as discussed by the authors.
Journal ArticleDOI
Foreign direct investment and economic growth in malaysia: the role of domestic financial sector
TL;DR: In this paper, the role of domestic financial system in transferring the technological diffusion embodied in FDI inflows on the Malaysian economy from 1970-2001 was investigated. But, the authors did not consider the impact of the spillover efficiency effects from FDI.