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- Title
IS FINANCIAL DEEPENING A RELIABLE PRESCRIPTION FOR ECONOMIC GROWTH?
- Authors
Darrat, Ali F.; LaBarge, Karin P.; LaBarge, Richard A.
- Abstract
Presents an empirical test of the validity of the hypothesis by Gurley and Shaw (1955), commonly known as the supply-leading hypothesis, in light of the experience of Hong Kong, Singapore, Taiwan and South Korea. Demonstration of strong and sustained economic expansion since the late 1950s; Causal linkage between financial deepening and real economic growth.
- Subjects
HONG Kong (China); SINGAPORE; ECONOMIC development; TAIWANESE economy; ECONOMIC conditions in South Korea; ECONOMETRIC models; ECONOMIC history
- Publication
American Economist, 1989, Vol 33, Issue 2
- ISSN
0569-4345
- Publication type
Article
- DOI
10.1177/056943458903300203