Policymakers and economists generally agree that financial development—that is, well-functioning financial institutions and markets, such as commercial and investment banks, and bond and stock ...

This empirical study analyzes the implications of financial structure for country’s economic development. In recent years a considerable attention is paid to this issue in the scientific literature, ...

This study reassesses the resource-economic growth nexus by incorporating several channels. Panel time series techniques are used to analyze panel time series data from 1980 to 2015 in 31 oil-rich ...

There is a vast body of literature estimating the impact of financial development on economic growth, inequality, and economic stability. A typical empirical study approximates financial development ...

Measurement of financial development A good measurement of financial development is crucial to assess the development of the financial sector and understand the impact of financial development on ...

This paper reexamines the empirical relationship between financial development and economic growth. It presents evidence based on cross-section and panel data using an updated dataset, a variety of ...

Thorsten Beck, Aslı Demirgüç-Kunt and Ross Levine, 2000, "A New Database on Financial Development and Structure," World Bank Economic Review 14, 597-605. (An earlier version was issued as World Bank ...

The journey to financial empowerment begins with individuals, but its true power lies in how it transforms communities and ...

The five priorities were identified as key areas for coordinating economic and financial high-quality development, anchoring the focus of the path of financial development with Chinese ...

More financial resources should be diverted to technological innovation, advanced manufacturing, green development and small- and medium-sized enterprises.