Finance and Economic Growth in Developing Countries

First published in 1984, this study analyses contemporary research into the role of financial development as a means of accelerating the economic growth of developing countries. The author analyses both the 'financial structuralist' and 'financial repressionist' schools of thought in order to determine both the direction of causality between financial and real growth and the accuracy of the repressionists' assertion that real interest rates and their stability do matter in the economies of developing countries.

List of contents

1. Introduction 2. A Review of Theoretical and Empirical Literature 3. Financial and Real Development-Causality Tests 4. Evidence on Financial Repression 5. Descriptive Indicators of Finance and Growth 6. Aggregate Savings, Financial Intermediation, and Interest Rate 7. Structure of Savings, Financial Intermediation, and Interest Rate 8. A Model of Finance and Growth 9. Estimates, Stability and Goodness of Fit 10. Further Analysis of the Estimated Model 11. Costs of Financial Repression and Benefits of Financial Liberation: Some Simulation Results 12. Conclusions

About the author

K. L. Gupta

Summary

First published in 1984, this study analyses contemporary research into the role of financial development as a means of accelerating the economic growth of developing countries. The author analyses both the ‘financial structuralist’ and ‘financial repressionist’ schools of thought in order to determine both the direction of causality between financial and real growth and the accuracy of the repressionists’ assertion that real interest rates and their stability do matter in the economies of developing countries.

Product details

• Authors: K L Gupta, K. L. Gupta, K.L. GUPTA
• Publisher: Taylor & Francis Ltd.
• Languages: English
• Product format: Paperback / Softback
• Released: 01.03.2013
• EAN: 9780415847667
• ISBN: 978-0-415-84766-7
• No. of pages: 254
• Series: Routledge Library Editions: Development; Routledge Library Editions: De; Routledge Library Editions: Development
• Subjects: Humanities, art, music > Education > Social education, social work; Non-fiction book > Politics, society, business > Politics; Social sciences, law, business > Business > General, dictionaries; Finance, BUSINESS & ECONOMICS / Finance / General, BUSINESS & ECONOMICS / Development / Economic Development, Developing Countries, Development economics & emerging economies, Development economics and emerging economies, Finance and the finance industry, Global South / Developing countries