Analysing the Effect of Financial Development and Symmetric Information on Economic Growth of European Union Members

سال انتشار: 1394
نوع سند: مقاله ژورنالی
زبان: انگلیسی
مشاهده: 201

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شناسه ملی سند علمی:

JR_IESUI-45-1_005

تاریخ نمایه سازی: 31 فروردین 1400

چکیده مقاله:

The relationship between financial development and economic growth is the crucial issues which could grab economists and policy makers' attention to it. Financial market plays an essential role on each economy, because it conducts funds to those individuals or firms which have productive investment opportunities. If the financial system does not perform this role efficiently, the economic efficiency will decrease and consequently economic growth will be barricaded. One of the main disturbing cases of efficient financial system is asymmetric information. This paper tries to study the effect of financial development and symmetric information on economic growth for whole European Union members. For measuring the symmetric information, some proxies like ICT, IT and economic freedom components are used. In order to have a separate model per country, Pooled Data model is applied in 2000-2012. The results Show that financial development and symmetric information lead to a higher rate of economic growth among European Union members.    JEL Classification: O16, O40, D82, E69

نویسندگان

Robabeh Jaberi

PhD in Economics, University of Isfahan, Isfahan, Iran

Morteza Sameti

Department of Economics, University of Isfahan, Iran

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