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Financial sector development and economic growth in New Zealand
Journal article   Peer reviewed

Financial sector development and economic growth in New Zealand

Emilia A Mazur and William R J Alexander
Applied Economics Letters, Vol.8(8), pp.545-549
2001
url
https://doi.org/10.1080/13504850010012974View
Published Version

Abstract

Applied Economics Public Health and Health Services economic growth New Zealand
Most of the empirical evidence on how development of the financial sector impacts on economic growth is in a cross-country context. This paper considers the evidence from one country, New Zealand, which has in recent times been subject to substantial economic reforms, not least in the financial sector. Some valid long-run relationships are found between indicators of both banking and stock market development and private savings, but rather more mixed results when considering either real GDP per capita or its growth rate.

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Economics

UN Sustainable Development Goals (SDGs)

This output has contributed to the advancement of the following goals:

#1 No Poverty
#8 Decent Work and Economic Growth
#9 Industry, Innovation and Infrastructure
#10 Reduced Inequalities

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