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                                       Details for article 6 of 13 found articles
 
 
  CORRELATIONS BETWEEN CAPITAL MARKET DEVELOPMENT AND ECONOMIC GROWTH: THE CASE OF ROMANIA
 
 
Title: CORRELATIONS BETWEEN CAPITAL MARKET DEVELOPMENT AND ECONOMIC GROWTH: THE CASE OF ROMANIA
Author: Laura OBREJA BRASOVEANU
Victor DRAGOTA
Delia CATARAMA
Andreea SEMENESCU
Appeared in: Journal of applied quantitative methods
Paging: Volume 3 (2008) nr. 1 pages 64-75
Year: 2008
Contents: 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.
Publisher: Association for Development through Science and Education
Source file: Elektronische Wetenschappelijke Tijdschriften
 
 

                             Details for article 6 of 13 found articles
 
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