Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/324124 
Year of Publication: 
2024
Citation: 
[Journal:] PSL Quarterly Review [ISSN:] 2037-3643 [Volume:] 77 [Issue:] 311 [Year:] 2024 [Pages:] 531-555
Publisher: 
Associazione Economia civile, Rome
Abstract: 
This paper aims to investigate the relationship between the development of the financial market and per capita income. For this, panel data methods were used to analyze proxy variables of depth, risk and liquidity of the financial system for a heterogeneous sample of 95 countries from 1980 to 2020. The results suggest that while depth and liquidity of the financial system are positively related to per capita income, the risk level of the financial system is negatively related to it. Furthermore, bank credit was shown to be more significant in increasing the level of per capita income for developing countries. In developed countries, however, capital market variables most affected per capita income.
Subjects: 
banking credit market
capital markets
financial services view
per capita income
JEL: 
C33
O16
Persistent Identifier of the first edition: 
Creative Commons License: 
cc-by-nc-nd Logo
Document Type: 
Article

Files in This Item:
File
Size





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.