FINANCIAL DEVELOPMENT AND ECONOMIC GROWTH: A META-ANALYSIS

We analyze 1334 estimates from 67 studies that examine the effect of financial development on economic growth. Taken together, the studies imply a positive and statistically significant effect, but the individual estimates vary widely. We find that both research design and heterogeneity in the under...

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Bibliographic Details
Published in:	Journal of economic surveys 2015-07, Vol.29 (3), p.506-526
Main Authors:	Valickova, Petra, Havranek, Tomas, Horvath, Roman
Format:	Article
Language:	English
Subjects:	Developing countries Development Economic development Economic growth Economic surveys Economic theory Finance Financial intermediaries Financial services Growth LDCs Less developed countries Meta-analysis Research design Securities markets Stock exchange Stock exchanges Studies
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Online Access:	Get full text
Tags:	Add Tag and 1 development 1 economic 1 financial 1