Stock markets, banks and economic growth
Article Abstract:
An analysis of stock market effects on economic development reveals that stock market liquidity and banking development positively predict growth, capital accumulation and improvements in productivity. Moreover, control for economic and political factors does not affect results when factors are entered in regressions and that stock market size, volatility and international integration are not robustly linked with growth.
Publication Name: American Economic Review
Subject: Economics
ISSN: 0002-8282
Year: 1998
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What we have learned about policy and growth from cross-country regressions
Article Abstract:
Cross-country regressions have been used to find empirical connections between indicators of national policies and long-term growth. Indicators of financial development are definitely connected with long-term growth. It is very hard to find convincing associations between indicators of national policies and and long-term growth, especially in regards to indicators of fiscal of monetary policy.
Publication Name: American Economic Review
Subject: Economics
ISSN: 0002-8282
Year: 1993
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Aid, policies, and growth: comment
Article Abstract:
A critical analysis of a study by Craig Burnside, et al., on the correlation between foreign aid, economic growth and policies is presented. It is observed that aid has a positive influence on growth in countries that have good trade, monetary and fiscal policies.
Publication Name: American Economic Review
Subject: Economics
ISSN: 0002-8282
Year: 2004
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