Book ChapterDOI
Introduction
Daniel Thomas Ginat
- pp 1-15
Reads0
Chats0
TLDR
The role of the stock market in the debate on the role of financial development on economic growth is discussed in this paper , where the authors discuss some studies which show that stock market played some positive role in promoting economic growth in many countries specially in the developed ones.Abstract:
In this chapter we first discuss the role of the stock market in the debate on the role of financial development on economic growth. We discuss some studies which show that stock market played some positive role in promoting economic growth in many countries specially in the developed ones. We also discuss some studies which put forward some dissenting arguments and show that stock market is harmful for the developing countries. Then we present a brief overview of the stock market development in India since the economic reforms in 1991. Finally we present the structure of the book discussing the contents of each chapter in greater detail read more
References
More filters
Journal ArticleDOI
Finance and Growth: Schumpeter Might Be Right
TL;DR: In this paper, the authors examined a cross-section of about 80 countries for the period 1960-89 and found that various measures of financial development are strongly associated with both current and later rates of economic growth.
Journal ArticleDOI
Financial intermediation and growth: Causality and causes ☆
TL;DR: In this article, the authors evaluate whether the level of development of financial intermediaries exerts a casual influence on economic growth and whether cross-country differences in legal and accounting systems (such as creditor rights, contract enforcement, and accounting standards) explain differences in financial development.
Journal ArticleDOI
Finance, entrepreneurship and growth
TL;DR: The authors construct an endogenous growth model in which financial systems evaluate prospective entrepreneurs, mobilize savings to finance the most promising productivity-enhancing activities, diversify the risks associated with these innovative activities and reveal the expected profits from engaging in innovation rather than the production of existing goods using existing methods.
Journal ArticleDOI
Finance and the sources of growth
TL;DR: In this article, the authors evaluate whether the level of development in the banking sector exerts a causal impact on economic growth and its sources-total factor productivity growth, physical capital accumulation, and private saving.
Journal ArticleDOI
Financial Intermediation and Endogenous Growth
TL;DR: In this paper, an endogenous growth model with multiple assets is developed, and the effects of introducing financial intermediation into this environment are considered, and conditions are provided under which the introduction of intermediaries shifts the composition of savings toward capital, causing intermediation to be growth promoting.
Related Papers (5)
Stock Prices and the Equity Premium during the Recent Bull and Bear Markets
Causality from real stock returns to real activity: evidence of regime-dependence
Angelos Kanas,Christos Ioannidis +1 more