Financial management and economic growth:the european countries experience

Leitão, Nuno Carlos

http://hdl.handle.net/10400.15/798

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Authors

Leitão, Nuno Carlos

Abstract(s)

The purpose of this research is to investigate the impact of financial development on economic growth applied to European Countries. The initial GDP per capita is negatively correlated with growth of real GDP per capita. Our study shows that there isconvergence within European Countries for the period 1990-2009. This paper confirms relevant theoretical hypothesis as international trade and saving enc ourage the economic growth. The inflation has a negative impact on economic growth as previous studies.

Keywords

Financial development Panel data European Countries

URI

http://hdl.handle.net/10400.15/798

Citation

LEITÃO, Nuno Carlos - Financial management and economic growth : the european countries experience. Economia. Seria Management. ISSN 1454-0320. 15:2 (2013) 261-268

Publisher

Faculty of Management from The Bucharest University of Economic Studies, Romania

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