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Direction of Causality between Financial Development and Economic Growth. Evidence for Developing Countries

Studia Universitatis Economic Sciences

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Field Value
 
Title Direction of Causality between Financial Development and Economic Growth. Evidence for Developing Countries
 
Creator Borlea, Sorin Nicolae
Mare, Codruța
Achim, Monica Violeta
Puscaș, Adriana
 
Description The results of extensive studies that analyzed the existence and meaning of correlations between the economic growth and the financial market development lead us to a more thorough study of these correlations. Therefore, we performed a broad study of the developing countries from around the world (the developing part of each region constructed by the World Bank through its Statistics Bureau). The regions taken into analysis were: Europe and Central Asia, South Asia, East Asia and the Pacific, the Arab world, Latin America & and the Caribbean, the Middle East and North Africa, and Sub-Saharan Africa. For comparison purposes, we have also included in the sample the North American countries, the Euro Area and the European Union as a whole, because these last three areas are the main benchmarks of the financial markets. The results are consistent with those from previous studies on the subject and vary depending on region and financial indicator considered.
 
Publisher UVVG
 
Date 2016-06-15
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
 
Format application/pdf
 
Identifier http://publicatii.uvvg.ro/index.php/studiaeconomia/article/view/211
 
Source Studia Universitatis Vasile Goldiș Arad, Seria Științe Economice; Vol. 26 No. 2 (2016): Studia Universitatis "Vasile Goldiș" Arad - Economics Series; 1-22
2285-3065
1584-2339
 
Language eng
 
Relation http://publicatii.uvvg.ro/index.php/studiaeconomia/article/view/211/117
 
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