development fosters growth by expanding opportunities. Finally, and more tentatively, financial innovation-improvements in the …Finance and growth emerged as a distinct field of economics during the last three decades as economists integrated the … fields of finance and economic growth and then explored the ramifications of the functioning of financial systems on economic …

integration on economic growth and also to assess whether this relationship depends on the level of economic development … to reject the hypothesis that international financial integration does not accelerate economic growth even when …