ECONOMIC GROWTH AND THE DEVELOPMENT LEVEL OF FINANCIAL MARKETS (A STUDY OF SELECTED ECONOMIES OF CENTRAL EUROPE AND THE EU)

• Authors: Lubecki P.
• Languages of publication: PL

Abstracts

EN

The problem of the way in which the development of financial markets influences economic growth constitutes one of the unresolved issues in the growth theory. This article addresses the question to what extent the results of research conducted on large samples of countries are corroborated by the study of economies of Central Europe (CEFTA), the developed and the remaining countries of EU during 1990–2000. The results obtained confirm the positive correlation between financial markets' development level and growth. In this respect the countries of CEFTA are similar to the remaining countries of EU, while they markedly differ from the highly developed countries of EU. It is concluded that the strength of influence of financial markets' development on growth depends on the level of economic development.

Keywords

EN

ECONOMIC GROWTH; FINANCIAL MARKETS

Discipline

• ECONOMICS: ECONOMICS

• Publisher: Komitet Nauk Ekonomicznych PAN, Polskie Towarzystwo Ekonomiczne
• Journal: Ekonomista
• Year: 2004
• Issue: 5
• Pages: 665-674
• Document type: ARTICLE

Contributors

author

Lubecki P.

• P. Lubecki, Wyzsza Szkola Biznesu w Tarnowie, ul. Kochanowskiego 30, 33-100 Tarnów, Poland

Identifiers

CEJSH db identifier

04PLAAAA0018382