Rozwój finansowy a wzrost gospodarczy krajów
Financial Development and Countries’ Economic Growth
Author(s): Elżbieta SoszyńskaSubject(s): Supranational / Global Economy, Economic development, Financial Markets
Published by: Społeczna Akademia Nauk
Keywords: financial development; economic growth; finance-growth nexus; financial sector size
Summary/Abstract: The paper examines the relationship between financial development and long-run growth. The empirical results indicate that there is the threshold effect in the finance-gowth relationship. The findings reveal that more finance is not necessarily good for economic growth, and it depends of the quality of institutions.
Journal: Przedsiębiorczość i Zarządzanie
- Issue Year: 17/2016
- Issue No: 8.3
- Page Range: 75-89
- Page Count: 15
- Language: Polish