Financial Development and Economic Growth: Evidence from 10 New European Union Members

This paper reviews the main features of the banking and financial sector in 10 new European Union members, and then examines the relationship between financial development and economic growth in these countries by estimating a dynamic panel model over the period 1994–2007. The evidence suggests that...

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Bibliographic Details
Published in:International journal of finance and economics 2015-01, Vol.20 (1), p.48-60
Main Authors: Caporale, Guglielmo Maria, Rault, Christophe, Sova, Anamaria Diana, Sova, Robert
Format: Article
Language:English
Subjects:
Banking industry
causality tests
Economic growth
EU membership
financial development
Growth models
Securities markets
Studies
transition economies
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