BONSER-NEAL, CATHERINE; DEWENTER, KATHRYN L - In: Contemporary Economic Policy 17 (1999) 3, pp. 370-380
"This paper examines the empirical relation between financial market development, as measured by the stock market, and gross private savings rates in 16 emerging markets over 1982-1993. With data from all 16 countries, there is evidence of a significant positive relation between savings and...