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The Finance-Growth Nexus: Which Factors Can Interfere?

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Economic Development in the Middle East and North Africa

Abstract

The financial sector’s role in economic growth is heavily contested by economists. Some argue that economic growth is not caused by finance, but that it responds to changing demands, while others argue the positive effect of finance on economic growth (Robinson, 1952; Miller, 1998). Many researchers have concluded that ignoring the notion of the finance-growth link only restricts understanding of economic growth (Bagehot, 1873; Schumpeter, 1912; McKinnon, 1973).

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  1. Mohamed Sami Ben Ali
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  2. Nahla Samargandi
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  3. Kazi Sohag
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Mohamed Sami Ben Ali

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© 2016 Mohamed Sami Ben Ali, Nahla Samargandi and Kazi Sohag

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Ben Ali, M.S., Samargandi, N., Sohag, K. (2016). The Finance-Growth Nexus: Which Factors Can Interfere?. In: Ben Ali, M.S. (eds) Economic Development in the Middle East and North Africa. Palgrave Macmillan, New York. https://doi.org/10.1057/9781137480668_7

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