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    Financial development, economic growth and human capital accumulation: what is the link?

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    NZAEPaper2014v3.pdf (515.2Kb)
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    Publication date
    2014-07
    Author
    Das, K.
    Harper, J.
    Arora, Rashmi
    Keyword
    Financial development
    Human capital
    Economic growth
    Peer-Reviewed
    Yes
    
    Metadata
    Show full item record
    Abstract
    A number of studies have explored the factors influencing financial development. Among them are national legal origin, settler mortality hypothesis, institutional factors, political factors, macroeconomic policies including capital account openness, social capital and also cultural factors. The relationship between financial development, human capital and economic growth, although acknowledged in the theoretical literature remains less explored at the empirical level. In this study we examine interaction between financial development, human capital and economic growth. The study aims to understand and examine how financial development is related to human capital accumulation and economic growth in a unified framework. In a cross-country panel data context using rigourous econometric techniques we examine these questions.
    URI
    http://hdl.handle.net/10454/17605
    Version
    Accepted manuscript
    Citation
    Das K, Harper J and Arora RU (2014) Financial development, economic growth and human capital accumulation: what is the link? 55th Annual Conference of the New Zealand Association of Economists (NZAE). 2-4 Jul 2014, Auckland, New Zealand.
    Link to publisher’s version
    https://www.nzae.org.nz/events/nzae-conference-2014/2014-conference-papers/
    Type
    Conference paper
    Collections
    Social Sciences Publications

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