scholarly journals Quantifying the impact of financial development on economic development

2013 ◽  
Vol 16 (1) ◽  
pp. 194-215 ◽  
Author(s):  
Jeremy Greenwood ◽  
Juan M. Sanchez ◽  
Cheng Wang
Keyword(s):  
Economic Development ◽  
Financial Development ◽  
The Impact

scholarly journals Rural Financial Development Impacts on Agricultural Technology Innovation: Evidence from China

2021 ◽  
Vol 18 (3) ◽  
pp. 1110
Author(s):  
Yuyu Liu ◽  
Duan Ji ◽  
Lin Zhang ◽  
Jingjing An ◽  
Wenyan Sun
Keyword(s):  
Economic Development ◽  
Financial Development ◽  
Agricultural Development ◽  
Technology Innovation ◽  
Agricultural Technology ◽  
Rural Finance ◽  
Rural Economic Development ◽  
High Degree ◽  
The Impact ◽  
Positive Effect

Agricultural technology innovation is key for improving productivity, sustainability, and resilience in food production and agriculture to contribute to public health. Using panel data of 31 provinces in China from 2003 to 2015, this study examines the impact of rural financial development on agricultural technology innovation from the perspective of rural financial scale and rural finance efficiency. Furthermore, it examines how the effects of rural financial development vary in regions with different levels of marketization and economic development. The empirical results show that the development of rural finance has a significant and positive effect on the level of agricultural technology innovation. Rural finance efficiency has a significantly positive effect on innovation in regions with a low degree of marketization, while the rural financial scale has a significantly positive effect on technological innovation in regions with a high degree of marketization. Further analysis showed that improving the level of agricultural technology innovation is conducive to rural economic development. This study provides new insights into the effects of rural financial development on sustainable agricultural development from the perspective of agricultural technology innovation.

scholarly journals Quantifying the Impact of Financial Development on Economic Development

2010 ◽  
Author(s):  
Juan M. Sánchez ◽  
Cheng Wang ◽  
Jeremy Greenwood
Keyword(s):  
Economic Development ◽  
Financial Development ◽  
The Impact

Financial Development and Country-Level Advertising Spending: The Moderating Role of Economic Development and National Culture

2020 ◽  
Vol 28 (3) ◽  
pp. 3-20
Author(s):  
Berrak Bahadir ◽  
S. Cem Bahadir
Keyword(s):  
Economic Development ◽  
National Culture ◽  
Financial Development ◽  
Empirical Studies ◽  
Developed Countries ◽  
Country Level ◽  
Culture Dimensions ◽  
Advertising Spending ◽  
The Impact

Firms invest in brand capital through advertising. Financial constraints hinder firms’ ability to fund their investment projects. Empirical studies in the finance literature suggest that firms’ access to external financial resources, labeled “financial development,” affects their investment behavior. The authors take the view of advertising spending as investment in brands and study the effect of financial development on advertising spending at the country level using a panel of 59 developing and developed countries during 1990–2016. The results suggest that financial development has a positive and significant effect on advertising spending, and this effect is stronger in countries with a low level of economic development. Furthermore, the authors investigate the role of national culture dimensions including uncertainty avoidance, long-term orientation, collectivism, masculinity, and power distance in the relationship between financial development and advertising. Overall, the results provide evidence that the impact of financial development on advertising spending depends on the national culture dimensions.

scholarly journals Research on the Impact of Financial Services on County Economic Development

2021 ◽  
Vol 2 (3) ◽  
pp. 120-125
Author(s):  
Yan Lv ◽  
Tong Ouyang ◽  
Xiao Chen ◽  
Ziyue Zhang ◽  
Chaolin Li
Keyword(s):  
Economic Development ◽  
Financial Development ◽  
Financial Services ◽  
Theory And Practice ◽  
Practical Significance ◽  
Research Results ◽  
County Economy ◽  
The Impact ◽  
County Finance

In recent years, China's finance has become an important factor affecting the development of county economy. Taking Qianshan city of Anhui Province as an example, this paper studies the role of county finance in the development of county economy. Firstly, combining the theory and practice of the impact of financial development on economic development put forward by scholars, this paper discusses the practical significance of these theories in China's counties in the 21st century. Secondly, it mainly compares the economic and financial development of Qianshan city with the economic and financial development of surrounding brother counties, draws a conclusion, and analyzes the transmission path of county financial services affecting county economic development. Finally, based on the above research results, the specific conclusions of the impact of county finance on county economy are obtained, and the corresponding policy suggestions are given according to the current research results.

scholarly journals Linkage between Financial Development and Income Inequality in India

2020 ◽  
Author(s):  
Rajesh Sharma ◽  
Suman Dahiya
Keyword(s):  
Economic Development ◽  
Income Inequality ◽  
Financial Development ◽  
Government Expenditure ◽  
Testing Procedure ◽  
Economic Policies ◽  
Monetary And Fiscal Policy ◽  
The Impact ◽  
The Relationship ◽  
Financial Development Index

Abstract A sound financial system is a prerequisite for the inclusive and stable development of an economy, especially it plays a key role in dealing with the menace of inequality in income distribution. Economic policies including monetary and fiscal policy framed by the policymakers influence the accessibility to the financial resources by the poor. This study intends to examine the relationship between financial development and income inequality in India over the period 1973 to 2015. To analyze this relationship, the financial development index was constructed using the PCA approach. The study also checks the presence of the Greenwood–Jovanovich (GJ) hypothesis in the Indian economy. In this study, the ARDL Bound testing procedure is followed to assess the impact of financial development on income inequality. Besides financial development, the impact of economic development and government expenditure is also observed. Results confirm the existence of an inverted U-shaped linkage between financial development and income inequality in India, whereas economic development deteriorates the gap between the income of poor and rich. Furthermore, a U-shaped relationship between government expenditure and income inequality is revealed in this study. The findings of this study may provide new insight to the policymakers for framing suitable economic policies to encourage sustainable development in India.

scholarly journals Research on the economic development impact of earthquake disaster in China

2022 ◽  
Vol 355 ◽  
pp. 02043
Author(s):  
Guoqu Deng ◽  
Jianbin Si ◽  
Li Li ◽  
Hu Chen
Keyword(s):  
Economic Development ◽  
Financial Development ◽  
Negative Impact ◽  
Positive Impact ◽  
Trade Openness ◽  
Fixed Effect Model ◽  
Education Level ◽  
Service Industries ◽  
Earthquake Disaster ◽  
The Impact

As one of the areas with frequent earthquake disasters, China’s social stability and sustained and healthy economic development have been profoundly affected for a long time. Based on the two-way fixed effect model and a series of deterministic indicators of economic development, including education level, economic development, financial development, fixed asset investment and permanent population, this paper designs a standard regression equation for estimating growth and uses time series panel data to analyze the impact of earthquake disasters on China’s economic development. The research results show that the earthquake disaster has an insignificant positive impact on China’s GDP. From the point of view of control variables, education level and financial development level have a positive effect on economic development as a whole, but there are certain differences in the degree of influence. The degree of trade openness has a significant impact on GDP, industry and service industries. Moreover, it has a negative impact on agricultural development.

Does financial development help bridge the gap in income inequality? Evidence from selected Asian countries

2021 ◽  
Vol 12 (1) ◽  
pp. 136-136
Author(s):  
Nur Syazwani Mazlan
Keyword(s):  
Economic Development ◽  
Regression Analysis ◽  
Income Inequality ◽  
Financial Development ◽  
Positive Relationship ◽  
Panel Regression ◽  
Asian Countries ◽  
Level Of Economic Development ◽  
High Level ◽  
The Impact

This study delves into the effects of financial development (FD) on income inequality (IE), involving 12 Asian countries, with three different income level groups, over a period of 14 years (between 1993 and 2017). The three groups concerned comprise countries with a low, middle and high level of economic development. The findings derived through panel regression analysis, suggest that the impact of financial development on income inequality, with regards to the Asian countries selected for this investigation, is dependent on their level of economic development. It was also established, that for countries with a low economic standing, financial development has a positive relationship with income inequality.

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