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There are ample evidence suggesting that financial sector development plays a significant role in economic development.It promotes economic growth through capital accumulation and technological advancement by boosting savings rate, delivering information about investment, optimizing the allocation of capital, mobilizing and pooling savings, and facilitating and encouraging foreign capital ...
Financial economics is the branch of economics characterized by a "concentration on monetary activities", in which "money of one type or another is likely to appear on both sides of a trade". [1] Its concern is thus the interrelation of financial variables, such as share prices, interest rates and exchange rates, as opposed to those concerning ...
Development economics is a branch of economics that deals with economic aspects of the development process in low- and middle- income countries. Its focus is not only on methods of promoting economic development, economic growth and structural change but also on improving the potential for the mass of the population, for example, through health, education and workplace conditions, whether ...
The association between economic growth and financial deepening has been a wide-ranging subject of experiential research. The practical evidence suggests that there is a significant positive relationship between financial development and economic growth. [4] [5] Many economists support the theory that financial development spurs economic growth.
Importance: Introduction Development Economics through the Decades: A Critical Look at 30 Years of the World Development Report (2009) – Shahid Yusuf. Description: examines the last 30 years of development economics, viewed through the World Bank's World Development Reports. The End of Poverty: Economic Possibilities for our time (2005 ...
Share in GDP of US financial sector since 1860 [1]. Financialization (or financialisation in British English) is a term sometimes used to describe the development of financial capitalism during the period from 1980 to present, in which debt-to-equity ratios increased and financial services accounted for an increasing share of national income relative to other sectors.
In the economics study of the public sector, economic and social development is the process by which the economic well-being and quality of life of a nation, region, local community, or an individual are improved according to targeted goals and objectives.
Edwin J. Perkins, American public finance and financial services, 1700-1815 (1994) pp 324–48. Complete text line free; Joseph E. Stiglitz (2000). Economics of the Public Sector, 3rd ed. Norton. Description. Greene, Joshua E (2011). Public Finance: An International Perspective. Hackensack, New Jersey: World Scientific. p. 500. ISBN 978-981 ...