Financial Development and Economic Growth An Overview

In recent years there has been substantial theoretical and empirical work on the role that financial markets play in fostering economic growth and development. This paper provides a selective review of the literature, as well as new empirical evidence on the relationship between financial developmen...

Full description

Bibliographic Details
Main Author: Khan, Mohsin
Other Authors: Senhadji, Abdelhak
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 2000
Series:IMF Working Papers
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
LEADER 01422nmm a2200241 u 4500
001 EB000931736
003 EBX01000000000000000725332
005 00000000000000.0
007 cr|||||||||||||||||||||
008 150128 ||| eng
020 |a 9781451874747 
100 1 |a Khan, Mohsin 
245 0 0 |a Financial Development and Economic Growth  |b An Overview  |c Mohsin Khan, Abdelhak Senhadji 
260 |a Washington, D.C.  |b International Monetary Fund  |c 2000 
300 |a 24 pages 
700 1 |a Senhadji, Abdelhak 
041 0 7 |a eng  |2 ISO 639-2 
989 |b IMF  |a International Monetary Fund 
490 0 |a IMF Working Papers 
028 5 0 |a 10.5089/9781451874747.001 
856 4 0 |u http://elibrary.imf.org/view/journals/001/2000/209/001.2000.issue-209-en.xml  |x Verlag  |3 Volltext 
082 0 |a 330 
520 |a In recent years there has been substantial theoretical and empirical work on the role that financial markets play in fostering economic growth and development. This paper provides a selective review of the literature, as well as new empirical evidence on the relationship between financial development and economic growth for a large cross-section sample of countries. While the results indicate that the effect of financial development on growth is positive, the size of the effect varies with different indicators of financial development, estimation method, data frequency, and the functional form of the relationship