One of the major factors affecting the development of the countries is their financial system being advanced and working efficiently. Because financial development indicator affect investments directly, it is a key variable that countries need to strong. In this paper macro-economics factors affecting financial development indicators have been analyzed for two groups of countries, which are the developed countries of Canada, France, Germany, Japan, Britain and the USA and the developing countries of Brazil, China, India, Malaysia, Russia Federation and Turkey by the comparative Panel Data Analysis. According to the analysis, interest rate and eceonomic growth, which are the macro-economics variables, are the factors that most affect the financial development for both country groups. In addition there is no significant difference in term of other macro-economic variable for both country groups. The Granger Causality tests have been found to support the panel regression results.
Alan : Sosyal, Beşeri ve İdari Bilimler
Dergi Türü : Ulusal
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