This study investigates the impacts of financial intermediaries and stock markets on economic growth for 49 countries from 1960 to 2004. Results show that the stock market exhibits significantly positive effects on economic growth. In contrast, financial intermediary displays significantly varying effects on economic growth. Financial intermediaries accelerate economic growth at low levels of financial intermediary development but mitigate economic growth at high levels. Over-heated financial development may impede and even impair real economic growth rather than accelerate it. Therefore, governments may need to formulate policies to alleviate over-heated financial development in order to ensure a sound financial environment and thus steady economic growth.
JEL Codes: O4, G2, G1
Total Reviews: 0
Price:$9.99
March 2020 (International Review of Business Research Papers) → Ethical Factors Affecting the Financial Market: A Study from Bangladesh Perspectives
September 2016 (Journal of Modern Science and Technology) → Cost Effective Decisions on Service Rate at a Customer Care Centre with Multi-Server Queuing Model
September 2017 (International Review of Business Research Papers) → Remittance, Exchange Rate and Dutch Disease: The Case of Bangladesh
$9.99
July 2015 (Journal of Business and Policy Research) → Perceived Importance of Defensive Marketing Strategies Before and After Competitor Entry: Does Nationality Matter?
$9.99
March 2015 (World Journal of Management) → Characteristics of Community Entrepreneurs in Chiangmai, Thailand
$9.99
Reviews
There are no reviews yet.