Stock Markets, Banks and Economic Growth: a Reasonable Extreme Bounds Analysis
AbstractDo well-functioning stock markets and banks promote long-run economic growth? Recent studies answer this important question in the affirmative. This paper presents a reasonable extreme bounds analysis of the empirical relationships between the financial system and economic growth as well as the links between economic growth and the functioning of stock markets.
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Bibliographic InfoPaper provided by New South Wales - School of Economics in its series Papers with number 99/4.
Length: 28 pages
Date of creation: 1999
Date of revision:
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Postal: THE UNIVERSITY OF NEW SOUTH WALES, SCHOOL OF ECONOMICS, P.O.B. 1 KENSINGTON, NEW SOUTH WALES 2033 AUSTRALIA.
Fax: +61)-2- 9313- 6337
Web page: http://www.economics.unsw.edu.au/
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STOCK MARKET ; BANKS ; ECONOMIC GROWTH ; ECONOMETRICS;
Find related papers by JEL classification:
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- O16 - Economic Development, Technological Change, and Growth - - Economic Development - - - Financial Markets; Saving and Capital Investment; Corporate Finance and Governance
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