Caporale, Guglielmo Maria; Rault, Christophe; Sova, Robert - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2009
relationship between financial development and economic growth in these countries by estimating a dynamic panel model over the … that their contribution to economic growth is limited owing to a lack of financial depth. By contrast, a more efficient … financial development to economic growth, but not in the opposite direction. …