Finance and growth in a small open emerging market Report as inadecuate




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Abstract

This study contributes to the debate on financial development and economic growth in Malaysia using quarterly observations for a sample period from 1980 to 2002. It utilises a battery of financial indicators. Based on multivariate framework which takes real interest rate and capital stock into account, the findings are suggestive that finance does play a crucial role in promoting economic growth. Policymakers should, therefore, focus their attention on the creation and promotion of modern financial institutions including banks, non-banks, and stock markets in delivering both short- and long-run economic benefits.



Item Type: MPRA Paper -

Original Title: Finance and growth in a small open emerging market-

Language: English-

Keywords: financial development; economic growth; Malaysia-

Subjects: O - Economic Development, Innovation, Technological Change, and Growth > O4 - Economic Growth and Aggregate Productivity > O40 - GeneralG - Financial Economics > G2 - Financial Institutions and Services > G20 - GeneralO - Economic Development, Innovation, Technological Change, and Growth > O1 - Economic Development > O16 - Financial Markets ; Saving and Capital Investment ; Corporate Finance and GovernanceO - Economic Development, Innovation, Technological Change, and Growth > O1 - Economic Development > O11 - Macroeconomic Analyses of Economic DevelopmentG - Financial Economics > G1 - General Financial Markets > G10 - General-





Author: Law, Siong Hook

Source: https://mpra.ub.uni-muenchen.de/715/



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