Fiche du document
1 septembre 2021
- handle: 10670/1.6fhkra
Ce document est lié à :
10.22201/fca.24488410e.2021.2674
info:eu-repo/semantics/openAccess
Mots-clés
Financial market Regulation Efficiency of capital market Economic growth and macroeconomic equilibriumSujets proches
Economic growth Growth, Economic Development, EconomicCiter ce document
Salvador Rivas-Aceves et al., « Financial prudential behavior and economic growth », Contaduría y administración, ID : 10670/1.6fhkra
Métriques
Partage / Export
Résumé
The 2008 global financial crisis showed not only that there is a link between real economy and financial markets, but also that financial stability is necessary for investment, innovation and of course economic growth. Regarding the link between real and financial sectors, several studies long before the 2008 financial crisis revealed positive impacts from financial sector on real economy, basically because a solid financial system promote physic and human capital accumulation, see Banerjee and Newman (1993) Galor and Zeira (1993), Aghion and Bolton (1997), Piketty (1997), Levine (1997), Levine and Zervos (1998), Rajan and Zingales (1998). When considering well-developed financial markets as economic growth promoters the researches of Levine (2005), Aghion et al. (2005) and Acemoglu et al. (2006) proved that financial develop indeed accelerates economic growth.