Stock markets, banks, and economic growth Levine, Ross; Zervos, Sara

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Authors
Levine, Ross ; Zervos, Sara
Appears In
American Economic Review
Subjects
Stock exchanges.; Economics; Economic development -- Analysis
Audience
Academic
Summary
An analysis of stock market effects on economic development reveals that stock market liquidity and banking development positively predict growth, capital accumulation and improvements in productivity. Moreover, control for economic and political factors does not affect results when factors are entered in regressions and that stock market size, volatility and international integration are not robustly linked with growth.
Bookmark
http://trove.nla.gov.au/work/174985
Work ID
174985

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