Maleki S, Minouei M, FallahShams M. Investigating the Effect of Indicators of Financial Development, Economic Growth and International Trade with a Comparative Approach in Developing and Developed Countries. IUESA 2021; 9 (36) :77-94
URL:
http://iueam.ir/article-1-1778-en.html
1- Financial Orientation, Faculty of Management, Central Tehran Branch, Islamic Azad University, Tehran, Iran
2- Department of Industrial Management, Faculty of Management, Central Tehran Branch, Islamic Azad University, Tehran, Iran , meh.minouei@iauctb.ac.ir
3- Department of Industrial Management, Faculty of Management, Central Tehran Branch, Islamic Azad University, Tehran, Iran
Abstract: (1496 Views)
Financial development and economic growth have been important economic issues in recent decades. Increasing access to financial information and reducing the cost of access to financial services are key components of developing a proper financial structure. There are different views on the relationship between the development of financial intermediaries and economic growth. Some economists believe that financial development is the result of economic growth and is the cause of economic growth to financial development. And the financial system plays a key role in allocating resources to more productive projects. The present study aims to examine the relationship between economic growth and financial development in developing and developed countries based on two indicators of economic performance and international trade. This research is based on the objectives of research in the category of applied research and based on the type of study of variables of causal type and in terms of method of data collection and research design is quasi-experimental and using post-event approach (through past information). The statistical sample of the study was reviewed in 52 developing countries and 50 developed countries during the period 2018-2001. And data are estimated based on data panel model, fixed effects and GLS. Findings from data analysis show that indicators of financial development and economic growth have significant effects on GDP and international trade volume.
Type of Study:
Research |
Subject:
Special Received: 2021/05/3 | Accepted: 2021/07/11 | Published: 2021/12/6 | ePublished: 2021/12/6