IJBE (Integrated Journal of Business and Economics)
Vol 6, No 1 (2022): Integrated Journal of Business and Economics

Financial Development and Economic Growth; Evidence from Asia-Pacific Countries

Taufiq Marwa (Universitas Sriwijaya)
Muizzuddin Muizzuddin (Universitas Sriwijaya)
Imam Asngari (Universitas Sriwijaya)

Article Info

Publish Date
28 Feb 2022

Abstract

This research examines the impact of financial development on economic growth. Using a sample of 152 observations from 13 countries in the Asia Pacific for the period 2004 and 2020, we find that financial development positively impacts economic growth, supporting the finance-growth hypothesis, especially in the development of the capital market sector. This research provides policy implications that positive relationship between financial development and growth suggests that policymakers should take the necessary moves towards the simultaneous development of both the banking sector and the stock market to stimulate growth.

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Journal Info
IJBE (Integrated Journal of Business and Economics)
Website

Abbrev

IJBE

Publisher

Universitas Bangka Belitung

Subject

Humanities Social Sciences

Description

Integrated Journal of Business and Economics (IJBE) is intended to be the journal for publishing articles reporting the results of research on economics. IJBE invites manuscripts in the various topics include, but not limited to, topics covered include: Entrepreneurship, electronic markets Services, ...