Financial development and economic growth: New evidence from Tunisia

Financial innovation and economic growth in Bangladesh

“…The existing literature suggests that the development of the financial sector has a strong association with economic growth (Asghar and Hussain 2014;Bwirea and Musiime 2015;Comin and Nanda 2014;Duasa 2014;Hye and Islam 2013;Jedidia et al 2014;Khoutem et al, 2014;Kyophilavong et al 2016;Masuduzzaman 2014;Mhadhbi 2014;Ndlovu 2013;Rana and Barua 2015;Saad 2014aSaad , 2014bSunde 2013;Uddin et al, 2014a, b). This association exists because an efficient financial system allows for the effective mobilization of economic resources with higher productivity.…”

“…An efficient financial system is the outcome of continuous financial innovation (Blair 2011), which allows for the emergence of various financial institutions, especially banks, with improved financial services and more credit facilities, liquid cash, and financial instruments, which leads to economic growth (Levine 1997;Jedidia et al 2014). Table 1.…”

Quantile Parameter Heterogeneity in the Finance-Growth Relation: The Case of OECD Countries

“…The studies based on time-series analysis show that financial and stock market development have a significant effect on economic growth and a shock to financial development has a positive impact on economic growth. (Andini, 2009;Ang, 2009;Ang and McKibbin, 2007;Arestis and Demetriades, 1997;Arestis et al, 2001;Bell and Rousseau, 2001;Blanco, 2009;Caporale, Howells, and Soliman, 2005;Choe and Moosa, 1999;Coccorese and Silipo, 2014;Demetriades and Hussein, 1996;Demetriades and Luintel, 1996, 1997Federici and Caprioli, 2009;Fung, 2009;Ben Jedidia, Boujelbene, and Helali, 2014;Jung, 1986;Khalifa Al-Yousif, 2002;Khater Arabi, 2014;Luintel et al, 2008;Luintel and Khan, 1999;Masoud and Hardaker, 2012;Neusser and Kugler, 1998;Odedokun, 1996;Owen and Temesvary, 2014;Rousseau and Vuthipadadorn, 2005;Shan, Morris, and Sun, 2001;Thangavelu and Beng Jiunn, 2004;Vazakidis and Adamopoulos, 2009;Wen, 2009;Xu, 2000).…”

Financial development and poverty reduction in emerging market economies

“…There have been limited studies on the relationship between financial development and poverty reduction. In contrast, there have been many studies on the relationship between financial development and economic growth (see Joseph Alois Schumpeter 1911; Robert G. King and Levine 1993;Levine 1997;Jin Zhang, Lanfang Wang, and Susheng Wang 2012;Monica Dudian and Raluca Andreea Popa 2013;Imen Kouki 2013;Yılmaz Bayar 2014;Khoutem Ben Jedidia, Thouraya Boujelbene, and Kamel Helali 2014;Nahla Samargandi, Jan Fidrmuc, and Sugata Ghosh 2014). The empirical studies on the relationship between financial development and poverty reduction have generally found a negative relationship between financial development and poverty reduction, as shown in Table 1.…”