Financial development and economic growth: A review

被引：0

作者：

Choong, Chee-Keong ^{[1
]}

Chan, Sok-Gee ^{[2
]}

机构：

[1] Jalan Univ, Univ Tunku Abdul Rahman, Fac Business & Finance, Ctr Econ Studies, Kampar 31900, Perak, Malaysia

[2] Univ Malaya, Inst China Studies, Kuala Lumpur 50603, Malaysia

来源：

AFRICAN JOURNAL OF BUSINESS MANAGEMENT | 2011年 / 5卷 / 06期

关键词：

Financial development; economic growth; CAUSAL RELATIONSHIP; PANEL-DATA; MARKETS; COINTEGRATION; BANKING; INTERMEDIATION; INVESTMENT; DEPENDENCE; COUNTRIES; MONEY;

D O I：

暂无

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

The relationship between financial development and economic growth has been subject to the considerable debate in the literature of development and growth. While empirical studies often provide a direct relationship between financial development proxies and growth, much controversy remains about how these results should be interpreted. The study, therefore, discusses four main sources of controversy, namely: the selection and measurement of financial development indicators, the causality direction of the financial development and economic growth, the use of empirical approaches to the finance-growth hypothesis, and the debate concerning the channels by which financial development promotes economic growth.

引用

页码：2017 / 2027

页数：11

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