Financial Development and Economic Growth
Subtitle: Theory and Experiences from Developing Countries (Routledge Studies in Development Economics)
Publisher: Routledge
Published: December 5, 1996
Language: eng
Number of pages: 380
ISBN-13: 9780415133920
First sentence: Since the publication of the seminal works of McKinnon (1973) and Shaw (1973) the relationship between domestic financial markets and economic growth in developing countries has become a prominent issue on the agenda of academic researchers interested in development economics.
Description: This volume brings together a collection of theoretical and empirical findings on aspects of financial development and economic growth in developing countries. The book is divided into two parts. The first identifies and analyses the major theoretical issues using examples, where possible, from developing countries to show how these work in practice. This section addresses a wide range of topical issues, including endogenous growth and investment.

The second part looks at the implications for financial policy in developing countries. Empirical evidence is again drawn from across a broad range of developing countries and regions.