Marwa, Taufiq (2022) Financial Development and Economic Growth; Evidence from Asia-Pacific Countries. Integrated Journal of Business and Economics. pp. 64-73. ISSN 2549-3280
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Abstract
This research examines the impact of financial development on economic growth. Using a sample of 152 observations from 13 countries in the Asia Pacific for the period 2004 and 2020, we find that financial development positively impacts economic growth, supporting the finance-growth hypothesis, especially in the development of the capital market sector. The study suggests that the positive relationship between financial performance and growth should take the necessary steps for policymakers to simultaneously develop the banking sector and the stock market to boost growth.
| Item Type: | Article |
|---|---|
| Subjects: | H Social Sciences > HG Finance > HG1811-2351 Special classes of banks and financial institutions |
| Divisions: | 01-Faculty of Economics > 60101-Economics (S2) |
| Depositing User: | Taufiq Marwa |
| Date Deposited: | 02 Apr 2022 06:41 |
| Last Modified: | 02 Apr 2022 06:41 |
| URI: | http://repository.unsri.ac.id/id/eprint/68071 |
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