Liang, Hsin-Yu; Reichert, Alan - In: The International Journal of Business and Finance Research 1 (2007) 1, pp. 68-78
This paper estimates an Odedokun-type supply-leading model of financial sector development (FSD) which incorporates both banking and capital market variables as potential drivers of economic growth. The current findings illustrate the impact on economic growth of various measures of FSD which...