A Summary of the Research on the Relationship Between Financial Development and Economic Growth from the Perspective of National Differences
Year: 2019
Type: conference-paper
Abstract: The relationship between financial development and economic growth has always been a hot issue.From the perspective of transnational sample and single country sample, this paper summarizes the relationship between financial development and economic growth among different countries.Based on the existing literature, there are five relationships between financial development and economic growth in different sample countries: one-way relationship, mutual promotion relationship, non-linear relationship, negative relationship and no relationship.The article holds that there are two reasons why researchers draw different conclusions: one is that the research variables are different, the other is that the empirical models are different.
Authors: Wang Xiaoping, Liu Min
Institution: Shanghai Business School
Language: English
Domain: Social Sciences
Open Access status: hybrid
OpenAlex ID: W3000434366