Financial development and economic growth: a study using generalized method of moments
This study aims to examine the impact of financial development on economic growth in 53 countries. In order to account the effect of both banking sector and stock market, the estimation includes the level of development measures of these two sectors in one model. Adopting generalized method of momen...
Main Authors: | , , |
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Format: | Conference or Workshop Item |
Language: | English |
Published: |
Faculty of Economics and Management, Universiti Putra Malaysia
2012
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Online Access: | http://psasir.upm.edu.my/id/eprint/51235/1/12-7.pdf |