Intelligence and finance

Raufhon Salahodjaev

MPRA Paper from University Library of Munich, Germany

Abstract: This paper explore the effect of intelligence on financial development using data from 180 nations, over the period 2000–2012. The results provide strong support for the claim that intelligence is positively associated with the supply offinance to economy. This paper establishes that, moving from country with the mean IQ score (84.1) to the highest national IQ score (107.1) is associated with 3.6 fold increase in the size of banking sector. The positive effect of intelligence remains intact when we control for other antecedents offinancial development.

Keywords: Finance; Banking Sector; IQ; Stock Market (search for similar items in EconPapers)
JEL-codes: G2 G21 (search for similar items in EconPapers)
Date: 2015
New Economics Papers: this item is included in nep-neu
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (12)

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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:68950

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