1887

n Studies in Economics and Econometrics - Financial development and economic growth : theory and a survey of evidence

Volume 35, Issue 1
  • ISSN : 0379-6205

Abstract

This paper presents a simple endogenous growth model to demonstrate the role of financial development in economic growth. It further explores the causal relationship between financial development and economic growth. Lastly, it reviews the empirical evidence on the relationship between financial development and economic growth. In reviewing the empirical literature the paper highlights issues worthy of consideration in future empirical studies on the finance-growth nexus, especially in developing countries. Such issues among others include appropriate indicators of financial development that will best capture the functions perform by the financial system and the empirical modelling framework.

Loading full text...

Full text loading...

Loading

Article metrics loading...

/content/bersee/35/1/EJC21514
2011-01-01
2019-10-20

This is a required field
Please enter a valid email address
Approval was a Success
Invalid data
An Error Occurred
Approval was partially successful, following selected items could not be processed due to error