توسعه مالي سرمايه گذاري و رشد اقتصادي

Financial Development Investment and Economic Growth

Our aim in this paper is to investigate the effect of financial development variables on investment and growth. Financial development variable are: 1- Ratio of private sector deposits in banks to gross domestic product. 2- Ration of liabilities of private sector to banks to gross domestic product. 3- Ratio of stock trade in stock exchange to current value of stocks issued. 4- Ratio of current value of stocks issued to gross domestic product. 5- Ratio of private sector liquidity to gross domestic product. To test our hypothesis we use panel data fixed effect method and countries in our sample are: Bahrain, China, Indonesia, India, Iran, Pakistan, Turkey, United Arab Emirate.