Financial development and economic growth: A review and new evidence

被引：0
|
作者：
Khan, MS [1 ]
Senhadji, AS [1 ]
机构：
[1] Int Monetary Fund, Washington, DC 20431 USA
来源：
JOURNAL OF AFRICAN ECONOMIES | 2003年 / 12卷
关键词：
D O I：
暂无
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
In recent years there has been substantial theoretical and empirical work on the role that financial markets play in fostering economic growth and development. This paper provides a selective review of the literature, as well as new empirical evidence on the relationship between financial development and economic growth for a large sample of countries. While the results indicate that the effect of financial development on growth is positive, the size of the effect varies with different indicators of financial development, estimation method, data frequency and the functional form of the relationship.
引用
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页码：89 / 110
页数：22
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