Finance and Economic Growth in Developing Countries

ISBN-13: 9780415595490 / Angielski / Twarda / 2010 / 264 str.

K. L. Gupta;¬Abar;¬Abar

Opis

This study analyses contemporary research into the role of financial development as a means of accelerating the economic growth of developing countries. It explores different schools of thought to determine the direction of causality between financial and real growth.

Spis treści

1. Introduction  2. A Review of Theoretical and Empirical Literature  3. Financial and Real Development-Causality Tests  4. Evidence on Financial Repression  5. Descriptive Indicators of Finance and Growth  6. Aggregate Savings, Financial Intermediation, and Interest Rate  7. Structure of Savings, Financial Intermediation, and Interest Rate  8. A Model of Finance and Growth  9. Estimates, Stability and Goodness of Fit  10. Further Analysis of the Estimated Model  11. Costs of Financial Repression and Benefits of Financial Liberation: Some Simulation Results  12. Conclusions