The relationship between financial deepening and economic growth in South-West Asia region

Subject Areas : Financial Knowledge of Securities Analysis

Zahra Afshari ¹ , Hoda Jafari ²

1 - نویسنده مسئول و طرف مکاتبه
2 - ندارد

Received: 2009-10-02 Accepted : 2010-02-04 Published : 2009-12-22

Keywords: Financial sector, financial deepening, Financial repression, Economic growth, Combination patterns, Causality Granger,

Abstract :

In this paper, the relationship between financial deepening and economic growth in 23 Countries Southwest Asia, which document the development prospects of Iran are considered during the period 2006-1990 has been investigated. First principles theoretical study and empirical studies was conducted and then the actual performance of the financial sector and economy of these countries studied and compared has been. More articles in Econometrics model study asserts and applying a combination of models are estimated. Finally, Vector of causality between the finance section and economic growth in the form of a combination of data reviewed is located. The results indicate a positive relationship between financial deepening and economic growth in these countries with the causality of economic growth towards financial deepening have.