IDEAS home Printed from https://ideas.repec.org/h/elg/eechap/21727_3.html

The economic effects of financial development

In: Financialisation

Author

Listed:
  • .

Abstract

This chapter is devoted to an examination of the effect of financial development on economic growth, financial stability, poverty and income distribution (hence inequality). If financial development has any effect on these indicators, then there must be some sort of a channel or channels whereby the effect is transmitted from financial development to the economy. These channels can be identified by examining the functions of finance or the services rendered by the financial sector to the rest of the economy. This is why the starting point is to identify and evaluate the functions of finance. Notwithstanding the critical role played by finance in the economy, the functions of finance are typically exaggerated in the mainstream literature and the popular media.

Suggested Citation

  • ., 2023. "The economic effects of financial development," Chapters, in: Financialisation, chapter 3, pages 51-71, Edward Elgar Publishing.
    • Handle: RePEc:elg:eechap:21727_3
    as

    Download full text from publisher

    File URL: https://www.elgaronline.com/view/9781803926582.00008.xml
    Download Restriction: no
    ---><---

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Robaina, Margarita & Rodrigues, Sofia & Madaleno, Mara, 2024. "Is there a trade-off between human well-being and ecological footprint in European countries?," Ecological Economics, Elsevier, vol. 224(C).
    2. Sadia Safdar & Mubashir Manzoor & Saif Ur Raman & Salman Masood Sheikh, 2024. "Analyzing the Impact of Government Expenditure, Institutional Factors, Foreign Direct Investment, Public Investment, and Technological Innovations on Human Development Index in Pakistan and China," Bulletin of Business and Economics (BBE), Research Foundation for Humanity (RFH), vol. 13(2), pages 1231-1235.
    3. Fakhar Hayat & Sonia Anjum & Saif Ur Raman & Sadia Idress, 2024. "G-7 Green Growth Paradox: An Exploratory Review of Economic Policy Uncertainty, Renewable Energy, and Institutional Quality," Bulletin of Business and Economics (BBE), Research Foundation for Humanity (RFH), vol. 13(2), pages 1194-1199.
    4. Musharaf Hanif & Khadija Khalid & Saif Ur Raman & Muhammad Ali, 2024. "How Does Innovation and Globalization Affect Environmental Sustainability: A Review," Bulletin of Business and Economics (BBE), Research Foundation for Humanity (RFH), vol. 13(2), pages 1207-1212.
    5. Muhammad Haseeb & Aqsa Shakeel & Saif Ur Raman, 2024. "Renewable Energy and Green Innovation: A Review of the Mitigation Strategies for Climate Change through Reduced Carbon Emissions," Bulletin of Business and Economics (BBE), Research Foundation for Humanity (RFH), vol. 13(2), pages 1200-1206.
    6. Gakuru, Elias & Yang, Shaohua & Yang, Ling & Wang, Yuting & Adegboyo, Olufemi Samuel & Ndayambaje, J․D & Hussain, Chaudhary Saad Ullah, 2025. "Asymmetric nexus of green energy inclusion and green trade spillover effects on economic growth: Insights from China's experience for EAC-6," Economic Analysis and Policy, Elsevier, vol. 86(C), pages 475-493.
    7. Tanima, Farzana Aman & Brown, Judy & Dillard, Jesse, 2025. "Critical dialogic accounting and accountability engagement: Exploring the micropolitics of microfinance and women’s empowerment through participatory action research," CRITICAL PERSPECTIVES ON ACCOUNTING, Elsevier, vol. 101(C).
    8. World Bank, 2024. "Pacific Economic Update, March 2024," World Bank Publications - Reports 41160, The World Bank Group.
    9. Huda Nawaz & Areeba Zafar & Salman Masood Sheikh & Saif Ur Raman, 2024. "Global Change, Local Consequences: A Review of the Relationships Between FDI, Globalization, GDP, Carbon Dioxide Emissions, and Ecological Footprint," Bulletin of Business and Economics (BBE), Research Foundation for Humanity (RFH), vol. 13(2), pages 1226-1230.
    10. Erstu Tarko Kassa & Jing Ning, 2025. "Do Organizational and Individual Factors Affect the Knowledge Creation Practices of Public Research Universities?," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 16(5), pages 16446-16473, November.
    11. Gamze Sart & Yilmaz Bayar & Marina Danilina, 2025. "The Effect of Economic Freedom, Indicators of Financial Sector Development, Income and Education on Renewable Energy Use: An Empirical Analysis of Post-Transition EU Member States," Energies, MDPI, vol. 18(5), pages 1-19, February.
    12. Ma. Joy V. Abrenica & Anthony G. Sabarillo, 2024. "How might China-US industrial policies affect the Philippines?: a quantitative exercise," Philippine Review of Economics, University of the Philippines School of Economics and Philippine Economic Society, vol. 61(2), pages 171-198, December.
    13. Qudsia Piracha & Laiba Manzoor, 2024. "ASEAN's Sustainable Future: A Review of Green Finance, Renewable Energy, and Economic Complexity Index Challenges and Opportunities," Bulletin of Business and Economics (BBE), Research Foundation for Humanity (RFH), vol. 13(2), pages 1236-1242.
    14. Qiang Wu & Yuhao Chen & Aoxue Wang, 2026. "Decarbonizing global value chains: the dual role of manufacturing servitization in export-implied carbon emissions – scale expansion vs. structural upgrading," Mitigation and Adaptation Strategies for Global Change, Springer, vol. 31(2), pages 1-29, February.
    15. Antoine Ducastel, 2025. "Finance, agriculture et climat," Post-Print hal-05293558, HAL.
    16. Hao Dong & Tao Li, 2023. "Climate Economics and Finance: A Literature Review," Climate Economics and Finance, Anser Press, vol. 1(1), pages 29-45, November.

    More about this item

    Keywords

    ;

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:elg:eechap:21727_3. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Darrel McCalla (email available below). General contact details of provider: http://www.e-elgar.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.