This paper examines the role of financial development in promoting innovation-related activity using panel data for seven East Asian countries for the period from 1998-2009. On overall financial development, we find that, financial sector size and the overall activity of banks and stock market...

The finance-growth nexus that argue on the real effect of finance is examined in this study. Specifically, we investigated two related links; stock market development-growth link and financial openness-stock market development link for six East Asian nations (Indonesia, South Korea, Malaysia,...