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Financial markets: an engine for economic growth

Author

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  • Yongseok Shin

Abstract

Do developed financial markets lead to economic growth or result from it? While some economists argue for the latter, the author maintains that financial markets?despite their shortcomings of late?are an essential ingredient for an economy to grow in the long run.

Suggested Citation

  • Yongseok Shin, 2013. "Financial markets: an engine for economic growth," The Regional Economist, Federal Reserve Bank of St. Louis, issue July.
    • Handle: RePEc:fip:fedlre:y:2013:i:july
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    Citations

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    Cited by:

    1. Colin Davis & Laixun Zhao, 2019. "How do business startup modes affect economic growth?," Canadian Journal of Economics/Revue canadienne d'économique, John Wiley & Sons, vol. 52(4), pages 1755-1781, November.
    2. Jamshed Y. Uppal & Inayat U. Mangla, 2018. "Role of Financial Services in Economic Growth: Policy Implications for Pakistan," Lahore Journal of Economics, Department of Economics, The Lahore School of Economics, vol. 23(2), pages 69-108, July-Dec.

    More about this item

    Keywords

    Financial markets; Economic growth;

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