Financial Development and Economic Growth in Iran | The Survey of the Trend of Financial Development Indicators and its Causality Relationship with Economic Growth in Iran | Mohammad Ali Aboutorabi (u. a.) | Taschenbuch | Englisch | LAP Lambert Academic Publishing | EAN 9783847347507 | Verantwortliche Person f�r die EU: preigu GmbH & Co. KG, Lengericher Landstr. 19, 49078 Osnabr�ck, mail[at]preigu[dot]de | Anbieter: preigu.

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Bibliographic Details

Title

Financial Development and Economic Growth in Iran | The Survey of the Trend of Financial Development Indicators and its Causality Relationship with Economic Growth in Iran

Publisher

LAP Lambert Academic Publishing

Publication Date

2012

Language

English

ISBN 10

3847347500

ISBN 13

9783847347507

Binding

Taschenbuch

Condition

Neu

Seller catalogs

B�cher

About this title

Synopsis

The reasons of economic growth have been always one of the most controversial issues in economic science. One of the probable effective factors on economic growth which has been declared about one century ago is financial development. Despite of this long history, there are different opinions among economists about the cause and effect relationship between financial development and economic growth. However, most economists argue that economic growth has been strongly influenced by financial sector. At the same time, evidences of different countries are also very different in this case. In the modern economic system, financial system operates like the heart and bank networks like the vessels for the economy. The efficiency of economic system is involved in the correct function of banking system. The results revealed that in the case of Iran, there is a two-way long-run causality relationship between multilateral index of financial development and economic growth. These analyses and findings should help shed some light on the literature of finance-growth nexus in developing countries, and should be especially useful to anyone who may be interested in financial economics.

About the Author

Mohammad Ali Aboutorabi, Ph.D student of Economics at Ferdowsi University of Mashhad,Mashhad, Iran.

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