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Financial development and growth the case of South Korea

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  • Financial development and growth the case of South Korea
  • Noureen, Adnan
  • Comsats Institute of Information Technology


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Title Financial development and growth the case of South Korea
Similar Titles
Material Type Articles
Author(English)

Noureen, Adnan

Publisher

Islamabad:Comsats Institute of Information Technology

Date 2014
Journal Title; Vol./Issue nternational Proceedings of Economics Development and Research:Vol. 74
Subject Country South Korea(Asia and Pacific)
Language English
File Type Link
Subject Economy < Financial Policy
Economy < Economic Conditions
Holding IPEDR

Abstract

This study explores the relationship between financial development and growth in South Korea during the period of 1974-2009. The overall endogeneity1 of the relationship between financial development and growth is an unresolved issue and it is still not proved. This study finds Reverse causality between financial development and growth in South Korea in most of the cases. Therefore it will be true to say that economic growth has created the demand and importance of financial services in South Korean economy. The economy of Korea is creating opportunities for financial deepening and welcomes financial integration.