The relationship between economic development, human development and financial intermediation is examined using regression analysis. The Human Development Index (HDI) is used as a measure of the improvement of the human condition. Gross Domestic Product is used as a measure of the improvement in...

The relationship between economic development and financial activity is examined using regression analysis. The Human Development Index (HDI), a relatively new measure of development, is used as a proxy for the level of economic development. A variety of measures of financial depth are employed...