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Title:Stock market development and economic growth PDF Logo
Authors:Capasso, Salvatore
Issue Date:2006
Series/Report no.:Research Paper, UNU-WIDER, United Nations University (UNU) 2006/102
Abstract:Since the 1990s economists have devoted considerable attention to the study of the relationship between financial markets development and economic growth. In particular, the emergence of stock markets with economic development is an intriguing and interesting aspect of such a relationship, and yet relatively unexplored. This paper examines the most recent findings in the theoretical and empirical literature trying to determine the rationale behind the development of stock markets along the path of growth and the nature of the interrelationship between real and financial variables.
Subjects:financial markets development
economic growth
economic development
stock markets development
JEL:O16
O40
G10
ISBN:929190886X
Document Type:Working Paper
Appears in Collections:WIDER Research Papers, United Nations University (UNU)

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