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Financial sector development and economic growth in New Zealand

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  • Emilia Mazur
  • W. Robert
  • J. Alexander
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    Abstract

    Most of the empirical evidence on how development of the financial sector impacts on economic growth is in a cross-country context. This paper considers the evidence from one country, New Zealand, which has in recent times been subject to substantial economic reforms, not least in the financial sector. Some valid long-run relationships are found between indicators of both banking and stock market development and private savings, but rather more mixed results when considering either real GDP per capita or its growth rate.

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    File URL: http://www.informaworld.com/openurl?genre=article&doi=10.1080/13504850010012974&magic=repec&7C&7C8674ECAB8BB840C6AD35DC6213A474B5
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    Bibliographic Info

    Article provided by Taylor and Francis Journals in its journal Applied Economics Letters.

    Volume (Year): 8 (2001)
    Issue (Month): 8 ()
    Pages: 545-549

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    Handle: RePEc:taf:apeclt:v:8:y:2001:i:8:p:545-549

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    Cited by:
    1. Hyoungsoo Zang & Young Chul Kim, 2007. "Does financial development precede growth? Robinson and Lucas might be right," Applied Economics Letters, Taylor and Francis Journals, vol. 14(1), pages 15-19.
    2. Shaheen, Safana & Awan, Masood Sarwar & Waqas, Muhammad & Aslam, Muhammad Amir, 2011. "Financial Development, International Trade and Economic Growth: Empirical Evidence from Pakistan," MPRA Paper 32876, University Library of Munich, Germany.

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