Journal article
Financial sector development and economic growth in New Zealand
Applied Economics Letters, Vol.8(8), pp.545-549
2001
Abstract
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.
Details
- Title
- Financial sector development and economic growth in New Zealand
- Authors
- Emilia A Mazur (Author) - University of Otago, New ZealandWilliam R J Alexander (Author) - University of Otago, New Zealand
- Publication details
- Applied Economics Letters, Vol.8(8), pp.545-549
- Publisher
- Routledge
- Date published
- 2001
- DOI
- 10.1080/13504850010012974
- ISSN
- 1350-4851
- Organisation Unit
- School of Business and Creative Industries; Indigenous and Transcultural Research Centre; University of the Sunshine Coast, Queensland; USC Business School - Legacy
- Language
- English
- Record Identifier
- 99449059102621
- Output Type
- Journal article
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