THE IMPACT OF FINANCIAL DEVELOPMENT ON INVESTMENT: A REVIEW OF INTERNATIONAL LITERATURE
作者: Brian Muyambiri, Nicholas M. Odhiambo
刊名: Organizations and Markets in Emerging Economies, 2018, Vol.9 (2)
来源数据库: Faculty of Economics and Business Administration, Vilnius University
DOI: https://doi.org/10.15388/omee.2018.10.00009
关键词: Finance-investment nexusFinancial developmentInvestment
原始语种摘要: This article summarises the empirical literature on the impact of financial development on investment. It presents a topical analysis of empirical research that focuses mainly on the interaction between financial development and investment, determinants and measurement of both financial development and investment, and empirical findings on the relationship between the two variables under discussion. The study concludes that most of the research done on the relationship between financial development and investment is highly skewed towards assessing the relationship using mostly bank-based financial development indicators, as compared to the market-based financial development indicators. Given the number of studies assessed, the impact of financial development on investment appears to be...
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关键词翻译
关键词翻译
  • development 开发
  • financial 财政的
  • empirical 经验的
  • macroeconomic 宏观经济的
  • investment 投资
  • country 地方
  • indicators 指示器
  • methodology 方法学
  • between 在中间
  • market 市场