The Effects of Financial Market Development and Regulation on Economic Growth in OECD Countries

2018 ◽  
Vol 14 (4) ◽  
pp. 291-305
Author(s):  
Hye-Kyung Cha
Keyword(s):  
Economic Growth ◽  
Financial Market ◽  
Oecd Countries ◽  
Market Development ◽  
Financial Market Development

scholarly journals The Influence of Financial Market Development on Economic Growth in BRICS Countries

2017 ◽  
Vol 53 (1) ◽  
pp. 7-24 ◽  
Author(s):  
Charles Wait ◽  
Tafadzwa Ruzive ◽  
Pierre le Roux
Keyword(s):  
Economic Growth ◽  
Financial Market ◽  
Method Of Moments ◽  
Market Development ◽  
Brics Countries ◽  
Financial Depth ◽  
Endogenous Growth Model ◽  
Financial Market Development ◽  
Generalised Method Of Moments ◽  
Finance Growth Nexus

Abstract The debate about the influence of financial market development on economic growth has been ongoing for more than a century. Since Schumpeter [1912] wrote about the happenings on Lombard Street there has been growing interest in the way financial market development affects economic activity and growth. As development issues have deepened, inquiry into the finance-growth nexus has also grown, with recent research focusing on various aspects of financial crisis and developments in the BRICS economies. This study investigates the influence of financial market development on the higher growth of BRICS as compared to non-BRICS counterparts. The research utilizes the Generalised Method of Moments and an extended endogenous growth model to estimate the influence of a set of financial market indicators. We find that higher private sector levels of credit and financial depth in the BRICS economies contributed to the economic growth of those economies.

scholarly journals FINANCIAL MARKET DEVELOPMENT AND ECONOMIC GROWTH: EVIDENCE FROM ASEAN AND CEE REGION

2021 ◽  
Vol 23 (2) ◽  
pp. 481-494
Author(s):  
Budi Setiawan ◽  
Adil Saleem ◽  
Robert Jeyakumar Nathan ◽  
Zoltan Zeman ◽  
Robert Magda ◽  
...  
Keyword(s):  
Economic Growth ◽  
Financial Market ◽  
Market Development ◽  
Financial Market Development

Financial Development and Economic Growth: Analysis of Approaches to the Problem

2020 ◽  
Vol 12 (4-2) ◽  
pp. 251-266
Author(s):  
Alexander Novikov ◽  
◽  
Irina Novikova ◽  
Keyword(s):  
Economic Growth ◽  
Financial Development ◽  
Financial Market ◽  
Market Development ◽  
Methodological Framework ◽  
Review Of The Literature ◽  
Financial Market Development ◽  
Points Of View ◽  
The Impact ◽  
The Relationship

The article deals with debatable questions about the relationship between economic growth and financial development. Both foreign and Russian authors have opposite points of view on the relationship between economic growth and financial development. The article states that financial development for developing countries is a factor of economic growth. The authors give a review of the literature proving the influence of financial development and its mechanism – the financial market – on economic growth. To illustrate this conclusion, they analyze the research aimed at studying the theoretical aspects of assessing the ratio of the level of financial market development and economic growth. The authors also investigate the formation of a methodological framework for assessing the impact of the level of financial market development on economic growth; identify the methods to quantitatively measure the level of financial market development and economic growth. The article analyzes the recommendations to develop measures to enhance the significance of financial market for economic growth of the country.

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