quantity management Free Essay, Term Paper and Book Report
The article presented an argument at the beginning that the financial development could have a positive
influence on the economic development. Therefore Robert G. King and Ross Levine proposed an experiment for
The objective of the experiment is to examine whether the financial development has a strong correlation with
the economic growth, physical capital accumulation, and economic efficiency improvements. They collected the
data from 1960 to 1989 on over 80 countries.
To start the experiment, they need quantifying the "financial development” to make it detailed. Also, it's
generally known that no matter how the indicator is designed, it will always has its limitation. Therefore,
they construct four representative indicators aims to measure the financial development in different aspects,
such as the size of financial sector development, relative importance of specific financial institutions which
are central bank and deposit money bank, and domestic asset distribution. The four indicators include the
ratio of liquid liabilities of the......
Word Count: 1420
Page Count: 5.6 (250 words a page / double spaced)
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