Financial Development and Economic Growth; Evidence from Asia-Pacific Countries

Autor:	Taufiq Marwa, Muizzuddin Muizzuddin, Imam Asngari
Jazyk:	English<br />Indonesian
Rok vydání:	2022
Předmět:	financial development economic growth asia-pacific Economic history and conditions HC10-1085 Economic theory. Demography HB1-3840
Zdroj:	Integrated Journal of Business and Economics, Vol 6, Iss 1, Pp 64-73 (2022)
Druh dokumentu:	article
ISSN:	2549-5933 2549-3280
DOI:	10.33019/ijbe.v6i1.459
Popis:	This research examines the impact of financial development on economic growth. Using a sample of 152 observations from 13 countries in the Asia Pacific for the period 2004 and 2020, we find that financial development positively impacts economic growth, supporting the finance-growth hypothesis, especially in the development of the capital market sector. This research provides policy implications that positive relationship between financial development and growth suggests that policymakers should take the necessary moves towards the simultaneous development of both the banking sector and the stock market to stimulate growth.
Databáze:	Directory of Open Access Journals
Externí odkaz:	https://doaj.org/article/d45a20c75b4b4103b5f8ad756d1a61d8 Zobrazit plný text záznamu View record in DOAJ