بررسي رابطه ميان گسترش مالي و رشد اقتصادي با تاكيد بر بخش كشاورزي "داده‌هاي سري زماني در 10 كشور آسيايي و آفريقايي‌"

Examination the relation between financial development and economic growth in agricultural sector: Time series evidence from 10 Asian and African countries

The relation between financial development and economic growth, especially in developing economies, has been a topic of renewed interest in the macroeconomics and development literatures over the past decade. So the main purpose of this paper is the examination of relationship between financial development and economic growth in 10 Asian and African developing countries over the 1980-2004 periods using vector autoregressive models (VAR) and vector error correction models (VECM). In this paper the difference between broadly defined and narrow money (M2-M1) and gross domestic product in agricultural sector (GDP) were used as measures of financial development and economic growth. The results show that there is a strong uni-directional link from financial development to economic growth. This results support the growth hypothesis "Supply-Leading" that made by Schumpeter. Therefore making and developing financial intermediations have a good effect on growth in agricultural sector.