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  1. 1. Financial Development and Economic Growth: A Non-Linear Affair

    University essay from Handelshögskolan i Stockholm/Institutionen för nationalekonomi

    Author : Stefan Altmann; Marco Scagliusi; [2014]
    Keywords : Financial Development; System-GMM; Economic Growth; Financial Intermediation;

    Abstract : This thesis analyzes the relationship between financial development and economic growth. We look at the individual growth contributions of the banking sector and the stock markets in terms of size and efficiency, dividing our panel-data into two subsamples according to the development stage. READ MORE