About this document

Financial Markets and Economic Growth Study by Raluca Marin is a document available to read on EtoBox.

This paper examines the relationship between financial development and long-run economic growth across 50 developing countries between 1965 and 1989. It finds that countries with more developed financial systems initially tended to grow faster, as financial markets help allocate resources more efficiently. The evidence also suggests policy reforms that promote financial development are positively correlated with higher GDP growth rates. Overall, the results reinforce the importance of human capital and well

Author

Raluca Marin

Language

EN