Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: http://hdl.handle.net/10419/128559
Autor:innen: 
Dekle, Robert
Pundit, Madhavi
Datum: 
2015
Schriftenreihe/Nr.: 
ADB Economics Working Paper Series No. 440
Verlag: 
Asian Development Bank (ADB), Manila
Zusammenfassung: 
We construct an index of financial development for 23 Asian economies based on subindices of access, depth, and efficiency of financial institutions and markets and find evidence that economies with weaker financial systems are catching up to the Asian benchmark economies, namely Hong Kong, China; Japan; the Republic of Korea; and Singapore. Gross domestic product (GDP) per capita, aggregate GDP, and mobile subscriptions all increase the growth rate of financial development in Asian economies while institutional factors have insignificant or ambiguous effects. We also evaluate the relative importance of the subindices in delivering high economic growth, low volatility, and greater financial access.
Schlagwörter: 
Asian economies
convergence to benchmark
financial development
index construction
JEL: 
C82
G01
G02
Persistent Identifier der Erstveröffentlichung: 
Creative-Commons-Lizenz: 
http://creativecommons.org/licenses/by/3.0/igo/
Dokumentart: 
Working Paper

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