Computer Science
8 years ago

Strong Financial Systems Key to Economic Growth, Study Finds

Journal of Applied Finance and Banking
Review of Literature on Finance-Growth Nexus
Najia Saqib

Paper Summary

The article reviews how financial development affects economic growth. A strong financial system boosts investment efficiency and economic growth, while a weak one hinders growth. Studies have shown mixed results on the relationship between financial development and economic growth across different countries and methods used.

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