Stock market banks and economic growth

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Stock Markets, Banks, and Economic Growth

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Stock Markets, Banks, and Economic Growth: Policy Research Working Papers

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Stock markets, banks, and economic growth (English) | The World Bank

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Custom alerts when new content is added. Subscribe to JPASS Monthly Plan. Abstract Do well-functioning stock markets and banks promote long-run economic growth?

Stock Markets, Banks, and Economic Growth: Policy Research Working Papers

This paper shows that stock market liquidity and banking development both positively predict growth, capital accumulation, and productivity improvements when entered together in regressions, even after controlling for economic and political factors. The results are consistent with the views that financial markets provide important services for growth, and that stock markets provide different services from banks.

The paper also finds that stock market size, volatility, and international integration are not robustly linked with growth, and that none of the financial indicators is closely associated with private saving rates. JSTOR Home About Search Browse Terms and Conditions Privacy Policy Cookies Accessibility Help Contact Us. Loading Processing your request How does it work?