Open Access

The impact of financial systems on economic growth in European Union member countries

  
Aug 08, 2022

Cite
Download Cover

Dragotă, M., Dragotă, V., Hândoreanu, C., Stoian, A., Şerbănescu, I. & Braşoveanu Obreja, L. (2009), Pieţe Financiare. Structură, Instituţii, Instrumente, Reglementări. Editura ASE. Search in Google Scholar

Dragotă, V., Dragotă, M., Braşoveanu Obreja, L., Stoian, A., Lipară, C. & Cetean, E. (2008). Pieţe Şi Sisteme Financiare. Editura ASE, pp. 11-42. Search in Google Scholar

Arestis, P., Demetriades, P. O. & Luintel, K. (2001). Financial Development and Economic Growth: The Role of Stock Markets. Journal of Money, Credit and Banking, 33(1), pp. 16-41.10.2307/2673870 Search in Google Scholar

Arestis, P., Demetriades, P. O., & Luintel, K. B. (2001). Financial development and economic growth: the role of stock markets. Journal of money, credit and banking, 16-41.10.2307/2673870 Search in Google Scholar

Asteriou, D. & Spanos, K. (2019). ‘The relationship between financial development and economic growth during the recent crisis: Evidence from the EU’, Finance Research Letters, pp. 238-245.10.1016/j.frl.2018.05.011 Search in Google Scholar

Azman-Saini, W. N. W., Law, S. H. & Ahmad, A. H. (2010). FDI and economic growth: New evidence on the role of financial markets. Economics Letters, 107(2), pp. 211-213.10.1016/j.econlet.2010.01.027 Search in Google Scholar

Bencivenga, V. R., Smith, B. D., & Starr, R. M. (1995). Transactions costs, technological choice, and endogenous growth. Journal of economic theory, 67(1), 153-177.10.1006/jeth.1995.1069 Search in Google Scholar

Bumann, S., Hermes, N., & Lensink, R. (2013). Financial liberalization and economic growth: A meta-analysis. Journal of International Money and Finance, 33, 255-281.10.1016/j.jimonfin.2012.11.013 Search in Google Scholar

Demetriades, P. O., & Hussein, K. A. (1996). Does financial development cause economic growth? Time-series evidence from 16 countries. Journal of development Economics, 51(2), 387-411.10.1016/S0304-3878(96)00421-X Search in Google Scholar

Demirgüç-Kunt, A. & Levine, R. (1996). ‘Stock markets, corporate finance, and economic growth: An overview’, The World Bank Economic Review, 10(2), pp. 223-239.10.1093/wber/10.2.223 Search in Google Scholar

Demirgüç-Kunt, A. & Maksimovic, V. (1996). ‘Stock market development and financing choices of firms’, The World Bank Economic Review, 10(2), pp. 341-369.10.1093/wber/10.2.341 Search in Google Scholar

Domowitz, I., Glen, J., & Madhavan, A. (2004). International evidence on aggregate corporate financing decisions. Financial structure and economic growth, 263-295.10.7551/mitpress/3001.003.0011 Search in Google Scholar

Ductor, L. & Grechyna, D. (2015). ‘Financial development, real sector, and economic growth’, International Review of Economics and Finance, 37, pp. 393-405.10.1016/j.iref.2015.01.001 Search in Google Scholar

Egert, B., & Jawadi, F. (2018). The Nonlinear Relationship between Economic growth and Financial Development (No. 2018-26). University of Paris Nanterre, EconomiX. Search in Google Scholar

Kandil, M., Shahbaz, M., Mahalik, M. K., & Nguyen, D. K. (2017). The drivers of economic growth in China and India: globalization or financial development?. International Journal of Development Issues.10.1108/IJDI-06-2016-0036 Search in Google Scholar

King, R. G. & Levine, R. (1993). Finance and Growth: Schumpeter Might Be Right. The Quarterly Journal of Economics, 108(3), pp.717-737.10.2307/2118406 Search in Google Scholar

Levine, R. (1997). ‘Financial Development and Economic Growth: Views and Agenda’, Journal of Economic Literature, 35(2), pp. 688–726. Search in Google Scholar

Levine, R. (2004). ‘Finance and Growth: Theory and Evidence’, Nber Working Paper Series, 865-934.10.3386/w10766 Search in Google Scholar

Levine, R. & Zervos, S. (1996). Stock Market Development and Long-Run Growth. The World Bank Economic Review, 10(2), pp.323-339.10.1093/wber/10.2.323 Search in Google Scholar

Masoud, N., & Hardaker, G. (2012). The impact of financial development on economic growth. Studies in Economics and Finance.10.1108/10867371211246830 Search in Google Scholar

Rioja, F. & N. Valev, (2004). “Does One Size Fit All?: A Reexamination of the Finance and Growth Relationship”, Journal of Development Economics, 74(2), 429-447.10.1016/j.jdeveco.2003.06.006 Search in Google Scholar

Rousseau, P. L., & Wachtel, P. (1998). Financial intermediation and economic performance: historical evidence from five industrialized countries. Journal of money, credit and banking, 657-678.10.2307/2601123 Search in Google Scholar

Rousseau, P. L., & Wachtel, P. (2002). Inflation thresholds and the finance–growth nexus. Journal of international money and finance, 21(6), 777-793.10.1016/S0261-5606(02)00022-0 Search in Google Scholar

Rousseau, P. L., & Wachtel, P. (2006). What is happening to the impact of financial deepening on economic growth? Economic inquiry, 49(1), 276-288.10.1111/j.1465-7295.2009.00197.x Search in Google Scholar

Schmukler, S., & Vesperoni, E. (2004). Firms’ financing choices in bank-based and market-based economies. Financial structure and economic growth, 347-75.10.7551/mitpress/3001.003.0014 Search in Google Scholar

Stulz, R. M. (2000). Financial structure, corporate finance and economic growth. International Review of Finance, 1(1), 11-38.10.1111/1468-2443.00003 Search in Google Scholar