The problem of the relationship between the financial system, and its effects, and economic growth remains a controversial issue. It is about a debate between the various economic trends. The objective of this thesis is to shed light on the nature of that relationship. To achieve this goal, we...

The paper proposes a new test of endogenous vs. exogenous growth theories based on the Granger-causality methodology and applies it to a panel of 20 OECD countries. The test yields divergent evidence with respect to physical and human capital. For physical capital, the test results favor...