Financial sector key to boosting economic growth in developing countries.
The article reviews how the financial sector affects economic growth. It looks at different studies over time to see the impact. The financial sector helps the economy grow by attracting deposits, giving out loans, and directing funds to productive areas. It also helps with managing risks, making payments easier, and providing information for trade. Overall, the financial sector plays a significant role in promoting growth, especially in developing countries. However, there is no clear agreement among studies on the exact impact. Future research should use more advanced methods to understand this relationship better.