operation of the financial system and economic growth. While subject to ample qualifications and countervailing views, the … preponderance of evidence suggests that both financial intermediaries and markets matter for growth and that reverse causality alone … economic growth. The paper highlights many areas needing additional research. …

growth literature. We have discovered that the prevailing literature has, however, misinterpreted Schumpeter, which leads to … important variables of the finance and growth literature. Our empirical analysis above all supports Schumpeter’s view that … credit growth supports GDP growth while saving is irrelevant for credit growth and GDP growth. In sum, a correct …

inflationary levels and general economic growth trends amidst rising globalization. The adopted empirical strategy (CS-ARDL and AMG … that natural resources, growth trends, and inflationary levels significantly spur long-run regional FD thereby invalidating … stronger institutions are crucial for MENA's overall financial stability vis-à-vis reduction in the risk of default in the …

While it is clear that financial depth and economic diversity are prerequisites for the realisation of growth and … in the structural relations between varied causative factors is more pronounced in Africa where conditions for growth and …