Analysing the growth impact of financial innovation: A case study
Nuvin Bholah
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Analysing the growth impact of financial innovation: A case study

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In this case study, the author analyses how each financial market participant - stock markets, banks, mutual funds, insurance companies - can impact economic growth through innovation. The author extends the analysis further by comparing these growth impacts between a random group of developing and developed economies. The author builds a panel-data econometric model to understand which financial market participant has a growth-enhancing or growth-reducing impact.