Finance and growth : empirical evidence from developing countries 1960- 1990
Author
Source
Economic Research Forum : Working Paper Series
Issue
Vol. 2002, Issue 201-240 (31 Dec. 2002)13 p.
Publisher
Economic Research Forum for the Arab Countries Iran and Turkey
Publication Date
2002-12-31
Country of Publication
Egypt
No. of Pages
13
Main Subjects
Topics
Abstract EN
This paper examined the empirical relationship between financial intermediation and economic growth using cross-country and panel data regressions for 69 developing countries for the period 1960-1990.
The main results are : (i( Financial development is a significant determinant of economic growth in cross sectional regressions.
(ii) Financial markets cease to exert any effect on real activity in panel data regressions.
The paradox may be explained, in developing countries, by the lack of an entrepreneurial private sector capable to transform the funds into profitable projects.
(iii) The effect of financial development on economic growth is channeled mainly through an increase in investment efficiency.
American Psychological Association (APA)
Tarabulsi, Muhammad. 2002. Finance and growth : empirical evidence from developing countries 1960- 1990. Economic Research Forum : Working Paper Series،Vol. 2002, no. 201-240.
https://search.emarefa.net/detail/BIM-148920
Modern Language Association (MLA)
Tarabulsi, Muhammad. Finance and growth : empirical evidence from developing countries 1960- 1990. Economic Research Forum : Working Paper Series No. 201-240 (Dec. 2002).
https://search.emarefa.net/detail/BIM-148920
American Medical Association (AMA)
Tarabulsi, Muhammad. Finance and growth : empirical evidence from developing countries 1960- 1990. Economic Research Forum : Working Paper Series. 2002. Vol. 2002, no. 201-240.
https://search.emarefa.net/detail/BIM-148920
Data Type
Journal Articles
Language
English
Notes
Includes bibliographical references.
Record ID
BIM-148920