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Journals / Journal of Business Economics and Finance / 2020 / Cilt: 9 - Sayı: 2

FINANCIAL DEVELOPMENT, ECONOMIC GROWTH AND WELFARE: EVIDENCE FROM EMERGING COUNTRIES

Ahmed MUSABEH
Koutibah ALRIFAI
Mohammed KALLOUB
Pages
118–131
Publication Date
2020-06-30
DOI
—
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AI Summary & Key Takeaways

AI Insight
⚡ TL;DR(Too Long; Didn't Read)

Thus, countries may undertake different steps to increase the efficiency of their financial sectors and therefore enhance their economic growth.

📌 3 Key Takeaways

🎯
Objective & Hypothesis:Purpose- This study investigates how financial development has affected the economic growth and welfare for four emerging economies, namely Brazil, Turkey, Hungary, and, Poland over the period 2000-2013.
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Key Findings & Data:Methodology- In this research, we employed a panel dataset for the four countries using five different indicators for financial development separately.
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Conclusion & Impact:Thus, countries may undertake different steps to increase the efficiency of their financial sectors and therefore enhance their economic growth.
🔬Design:Research Article
📍Scope:2000-2013 Verileri
⚙️Variables:Financial development · economic growth · economic welfare

Abstract

Purpose- This study investigates how financial development has affected the economic growth and welfare for four emerging economies, namely Brazil, Turkey, Hungary, and, Poland over the period 2000-2013. Methodology- In this research, we employed a panel dataset for the four countries using five different indicators for financial development separately. Which are (financial development index, domestic credit to the private sector, stock exchange market capitalization, and Lerner Index). Findings- The results confirmed that financial development has a positive impact on economic growth, and there is a difference between Turkey, Brazil, Poland, and Hungary in terms of the impact size of financial development on economic growth. The highest and most energetic effect was on Turkey then on Poland, then on Hungary, and finally on Brazil Conclusion- This study found that GDP growth is highly correlated with financial development. Thus, countries may undertake different steps to increase the efficiency of their financial sectors and therefore enhance their economic growth.

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Cite This Article

MUSABEH, A., ALRIFAI, K., KALLOUB, M. (2020). FINANCIAL DEVELOPMENT, ECONOMIC GROWTH AND WELFARE: EVIDENCE FROM EMERGING COUNTRIES. Journal of Business Economics and Finance, Cilt: 9 - Sayı: 2, 118–131. https://ajindex.com/articles/835021

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