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Details van artikel 6 van 13 gevonden artikelen
| Titel: |
CORRELATIONS BETWEEN CAPITAL MARKET DEVELOPMENT AND ECONOMIC GROWTH: THE CASE OF ROMANIA |
| Auteur: |
Laura OBREJA BRASOVEANU Victor DRAGOTA Delia CATARAMA Andreea SEMENESCU |
| Verschenen in: |
Journal of applied quantitative methods |
| Paginering: | Jaargang 3 (2008) nr. 1 pagina's 64-75 |
| Jaar: |
2008 |
| Inhoud: |
In the literature on endogenous growth, the link between capital markets development and economic growth has received much attention. Although there are many studies regarding this aspect, approaches on emergent ex-communist countries’ economies, especially for Romania, are very few comparatively to the general cases. Our paper examines the correlation between capital market development and economic growth in Romania using a regression function and VAR models. The results show that the capital market development is positively correlated with economic growth, with feed-back effect, but the strongest link is from economic growth to capital market, suggesting that financial development follows economic growth, economic growth determining financial institutions to change and develop. |
| Uitgever: |
Association for Development through Science and Education |
| Bronbestand: |
Elektronische Wetenschappelijke Tijdschriften |
Details van artikel 6 van 13 gevonden artikelen
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