Alomar, Ibrahim (2005): الدور التنموي للمصارف والوسطاء الماليين.
Preview |
PDF
MPRA_paper_18798.pdf Download (210kB) | Preview |
Abstract
Economists differ on their views regarding importance of financial system for economic growth. This paper presents a brief study of contribution of economists regarding the relationship between financial intermediation and economic growth. It has been found that when including the acquisition of commercial and technical knowledge in the production function to generate long-term growth endogenously, financial intermediation becomes important to economic growth.
Item Type: | MPRA Paper |
---|---|
Original Title: | الدور التنموي للمصارف والوسطاء الماليين |
English Title: | Develpmental Role of Banks and Financial Intermediaries |
Language: | Arabic |
Keywords: | الوسطاء الماليون، المصارف، التنمية، النمو الاقتصادي، الفكر الاقتصادي |
Subjects: | E - Macroeconomics and Monetary Economics > E0 - General B - History of Economic Thought, Methodology, and Heterodox Approaches > B0 - General > B00 - General O - Economic Development, Innovation, Technological Change, and Growth > O4 - Economic Growth and Aggregate Productivity |
Item ID: | 18798 |
Depositing User: | Ibrahim Alomar |
Date Deposited: | 30 Nov 2009 14:01 |
Last Modified: | 27 Sep 2019 12:47 |
References: | • Allen and Leonce Ndikumana, (1998), Financial intermediation and Economic Growth in Southern Africa, Journal of Money, V 12, 1. pp. 220-42. • Atje R. and Jovanovic (I 994). "Stock Markets and Development," European Economic Review (37), pp. 632-640. • Alomar, Ibrahim, 2002, Financial Intermediation and Economic Growth, Kansas State University. • Becsi, Zsolt, Ping Wang, and Mark A. Wynne (1998), Endogenous Market Structures and Financial Development, Federal Reserve Bank of Atlanta, Working Paper 98-15. • Bencivenga, V. and B. Smith (1991) Financial Intermediation and Endogenous Growth, Review of Economic Studies, 58, pp. 195-209. • Bencivenga, V. and B. Smith (1992) Deficits, Inflation, and The Banking System in Developing Countries: The Optimal Degree of Financial Repression, Oxford Economic Papers, special issues on Financial Markets, Institution and Policy, Paper 44. pp 767-790 • Berthelemy, Claude and Varoudakis, Aristomene (1996), Economic Growth, Convergence Clubs, and the Role of Financial Development, Oxford Economic Papers; 48(2), pp. 300-328. • Berthelemy, J. Claude and Varoudakis, Aristomene, Intermediation financiere et croissance endogene (1994), (Financial Intermediation and Endogenous Growth. With English summary.), Revue-Economique; 45(3), pp. 737-50. • Demetriades, Panicos O.; Hussein, Khaled A. (1996), Does Financial Development Cause Economic Growth? Time-Series Evidence from Sixteen Countries, Journal of Development Economics, 51(2), pages 387-411. • Diamond, D. and Dybvig, P., (1983). “Bank runs, deposit insurance and liquidity”, Journal of Political Economy, vol 91, no 3. 401-419. • Friedman, Milton (1970), A Theoretical Framework for Monetary Analysis, Journal of Political Economy; 78(2), pp. 193-38. • Goldsmith, Raymond W. (1969), Financial Structure and Development. New Haven, CT: Yale University Press. • Greenwood, J. and B. Jovanovic (1990) Financial Development, Growth, And The Distribution Of Income. Journal of Political Economy, (98) 5, pp.1076-1107. • Greenwood,-Jeremy; and Smith,-Bruce-D.(1997), Financial Markets in Development, and the Development of Financial Markets, Journal of Economic Dynamics and Control, 21(1), pages 145-81. • Gregorio, Jose; Guidotti, Pablo-E. (1992), Financial Development and Economic Growth, International Monetary Fund Working Paper: 92/101. • Gupta, K.L. (1984), Finance and Economic Growthin Developing Countries, London: Croom Helm. • Jung, Woo S (1986), Financial Development and Economic Growth: International Evidence, Economic Development and Cultural Change, 34(2), pp.333-46. • Gurley, John G., and Shaw, E.S (1960), Financial Aspects of Economic of Economic Development, American Economic Review, 45(4), pp.515-38. • Hanson, James-A. (1980), American-Economic-Review; 70(5), pp. 972-89 • Hennes, Niels; Lensink, Robert, eds (1996). Financial Development and Economic Growth: Theory and experiences from developing countries, Studies in Development Economics, vol. 6. London and New York: Routledge. • Horiuchi, Akiyoshi (1999), An Overview of Financial Reforms in Japan: Path Dependence and Adaptive Efficiency, Economic-Review, pp. 193-205. • Johnson, Lewis (1977), Keynesian Dynamics and Growth, Journal-of-Money,-Credit,-and-Banking, 9(2), pp. 328-40. • Keynes, John M., (1936), The General Theory of Employment, Interest, and Money, Macmillan, London. • King, R. and R. Levine (1993) Finance, entrepreneurship and growth, Journal of Monetary economics, 32, pp. 513-42. • King, R. and R. Levine (1993), “Finance and Growth: Schumpeter Might be Right.” The Quarterly Journal of Economics, pp. 717-737. • Lanyi, Anthony; Saracoglu, Rusdu (1983), The Importance of Interest Rates in Developing Economies, Finance-and-Development; 20(2), pp. 20-23. • Levine, R. (1992) “Financial Intermediary Services and Growth” Journal of the Japanese and International Economies 6, pp. 383-05. • Levine, R. and S. Zervos (1996) “Stock Market Development and Long-Run Growth,” World Bank Economic Review, 10(2): 323-339. • Lucas , Robert E (1988), On the Mechanics of Economic Development, Journal of Monetary Economics, 22(1), pp.3-42. • Maddala, Q. S. (1977), Economitrics, McGroaw-Hill, N.W. • McKinnon, Ronald (1973), Money and Capital in Economic Development. Washington: Brookings Institution. • McKinnon, Ronald (1982), The Order of Economic Libralization: Lessons from Chil and Argentina, Carnegie-Rochester Conference Series on Public Policy, pp 159-186. • Ortiz, Guillermo and Solis, Leopoldo (1979), Financial Structure and Exchange Rate Experience, Journal of Development Economics, Mexico, 6(4), Dec. 1979, p. 515-48. • Patrick, H.T. (1966), Financial Development and Economic Growth in Under-developed Countries, Economic Development and Cultural Change, 14,pp174-89 • Rajan, Raghuram and Zingales, Luigi (1998), Financial Dependence and Growth, The American Economic Review, June, pp559-584 • Robinson, John, The Generalization of the General Theory, In the Rate of Interest and Other Essays (London: Macmillan, 1952). • Rousseau, Peter and Wachtel, Paul (1998), Juornal of Money, Credit, and Banking, Vol 30, No. 4 • Schumpeter, Joseph A. (1934), “The Theory of Economic Development”, translated by Redvers Opie, Cambridge, MA: Harvard University Press. • Seers, Dudley (1984), The Meaning of Development, Development Policy and Planning, , Pradip Ghosh (ed)., International Development Resource Books, no. 8. Westport, Conn., and London: Greenwood Press, pp. 7-16. • Spears, Annie (1992), The Role of Financial Intermediation in Economic Growth in Sub-Saharan Africa, Canadian-Journal-of-Development-Studies, 13(3), pp. 361-80. |
URI: | https://mpra.ub.uni-muenchen.de/id/eprint/18798 |