This paper provides a survey of the recent progress in the literature of financial development
and economic growth. The survey highlights that most empirical studies focus on either …

The objective of this paper is to examine whether financial development leads to economic
growth or vice versa in the small open economy of Malaysia. Using time series data from …

The objective of this paper is to survey what is actually known about the finance–growth
relationship based on theory and empirical work. We point out that traditional theoretical …

Although theory emphasizes the role of financial market frictions in explaining income
inequality, there is little empirical research exploring how financial development and …

In this paper we argue the case for greater exploitation of synergies between research on
specific institutions based on micro-data and the big questions posed by the institutions and …

The financial sector has always played a central role in economic development, but analysis
of its precise role has been hampered by the emphasis on 'real'factors in the main stream of …

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 …

Among other common forms of government financial control, caps on interest rates have
been declining over the past several decades as most industrialized countries and a rising …

In this study, the relationship between financial depth and economic growth is examined in
an Autoregressive Distributed Lag (ARDL) framework for Pakistan utilising annual data for …

The main objective of this chapter is to review the theoretical issues and available empirical
evidence on capital account liberalisation which in addition to being of interest in their own …