Financial systems and economic growth in developing countries in Asia and Africa

Аннотация

A large number of empirical studies on the finance-growth nexus have been reported since the seminal work of Goldsmith (1969). The expansion of the literature is particularly noticeable in the last decade since WB (1989) summarized and evaluated the failures and successes of financial liberalization implemented in a number of developing economies in 1970s and 1980s and placed the issue of financial reform on the center stage of policy discussion of economic evelopment