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Entrepreneurship has been identified as a catalyst for creating opportunities and enhancing productivity. The Asian economy is one of the fastest growing economies and entrepreneurially inclined continents of the world, owing to the phenomenal strides of China’s economic activities. Despite...
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This paper investigates the empirical evidence on the relationship between financial accessibility and development in a nation. The primary objective was to test the conventional hypothesis which states that improved financial accessibility leads to financial development and economic growth....
Persistent link: https://www.econbiz.de/10012925201
We construct an index of financial development for 23 Asian economies based on subindices of access, depth, and efficiency of financial institutions and markets and find evidence that economies with weaker financial systems are catching up to the Asian benchmark economies, namely Hong Kong,...
Persistent link: https://www.econbiz.de/10011305280
This paper analyzes detailed differences in patterns of financial development across the major Asian economies, including three of the region's largest economies (China, Japan and South Korea), to understand how these differences might affect possibilities for greater regional financial...
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