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http://hdl.handle.net/10419/63242
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| Title: | | Stock market development and economic growth  |
| 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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