P. Pradhan, Rudra; B. Arvin, Mak; R. Norman, Neville; … - In: Journal of Economic and Administrative Sciences 30 (2014) 1, pp. 16-44
market maturity, and four aspects of performance and operation of the economy: economic growth, inflation, openness in trade … innovations. In particular, The paper finds that for all regions considered, banking sector maturity and stock market maturity are … causally linked, sometimes in both directions. Furthermore, stock market maturity may lead to economic growth, both directly …