We conduct a meta‐analysis of the literature of financial development and economic growth.
We cover a large number of empirical studies and estimations that have been published in …

This paper investigates the direction of causality between financial development and
economic growth in the Middle East and North African (MENA) countries. The panel …

Without doubt a well-developed financial sector is related to efficient resource allocation and
growth, but there is modest consensus on the direction of that link, on the notion of what is …

The robustness of the cross-sectional relationship between the size of a country's financial
sector and its rate of economic growth is by now well established. In this article, we examine …

We re-study the relationship between financial development and real GDP per capita growth
in 48 countries. What we find is an interesting evidence that only stock market development …

This study examines the determinants of financial sector development in Africa relying on
data for 46 countries spanning 1980–2015 using the system generalized method of …

The role of financial sector development in economic growth has become a major topic of
empirical research in just the last ten years. A standard approach to explaining growth has …

The interaction between inflation and economic growth is studied within a simple model
incorporating money and finance into an optimal growth framework with constant returns to …

This paper investigates the determinants of the pattern of Islamic bank diffusion around the
world using country-level data for 1992-2006. The analysis illustrates that income per capita …

In modern economies finance underpins virtually every economic transaction that takes
place. When we go to the supermarket. we usually pay using cred it or debit cards issued by …