Stock Markets, Banks and Economic Growth: a Reasonable Extreme Bounds Analysis

Hafiz Akhand ()

Working Papers from New South Wales - School of Economics

Abstract: Do 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.

Keywords: STOCK MARKET; BANKS; ECONOMIC GROWTH; ECONOMETRICS (search for similar items in EconPapers)
JEL-codes: C00 F36 O16 (search for similar items in EconPapers)
Pages: 28 pages
Date: 1999
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Persistent link: https://EconPapers.repec.org/RePEc:fth:nesowa:99/4

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