...Beyza Güneş; Sema Bayraktar Purpose While financial development may foster economic, social and sustainable development, unregulated financialization can undermine these same developments and exacerbate inequality. This research aims to contribute to the existing literature by analyzing how...

...Shweta Dwivedi Purpose Financial development (FD) facilitates economic growth by improving resource efficiency and potentially boosting labor productivity (LP). This study aims to examine the association between LP and FD, foreign direct investment (FDI) and capital formation, while also assessing...

...Javed Ahmad Bhat Purpose This study examines the pattern and determinants of financial development ( FD hereafter) convergence across 45 Asian economies from 1997 to 2021. Design/methodology/approach Philips and Sul's (2007, 2009) procedure is used to analyse club convergence. Moreover...

..., transitioning to a positive effect in the long run. Financial development exhibits a U-shaped relationship with CO₂ procyclicality in the short run, evolving into an inverted U-shaped relationship in the long run, thus confirming the presence of the FKC. Moreover, the Breitung–Candelon causality test...

...Thanh Pham Thien Nguyen; Son Nghiem; Abhishek Singh Bhati Purpose This study tests convergence in energy diversification, per-capita income and financial development and explores their interrelationships. Design/methodology/approach Club convergence tests, Granger tests and panel regressions...

...Ishfaq Nazir Khanday; Md. Tarique; Inayat Ullah Wani; Muzffar Hussain Dar Purpose The primary objective of the paper is to examine the asymmetric Cointegration and asymmetric causality between financial development and poverty alleviation on annual data in Indian context over the period from 1980...

...Shobhana Sikhawal Purpose This study examines the non-linear impact of financial development on income inequality and analyses the mediators through which financial development affects income inequality. Design/methodology/approach The study uses a dynamic panel threshold method...

...Cosimo Magazzino; Fabio Gaetano Santeramo Purpose In this paper, the heterogeneity of the linkages among financial development, productivity and growth across income groups is emphasized. Design/methodology/approach An empirical analysis is conducted with an illustrative sample of 130...

...Hamza Almassri; Huseyin Ozdeser; Andisheh Saliminezhad Purpose Since financial sector plays a critical economic role in Hong Kong, the current research aims to comprehensively analyze the association between financial development and economic growth in the country to draw correct conclusions about...

...James Temitope Dada; Titus Ayobami Ojeyinka; Mamdouh Abdulaziz Saleh Al-Faryan Purpose This paper investigates the (a)symmetric effects of financial development in the presence of economic growth, energy consumption, urbanization and foreign direct investment on environmental quality of South...

...Dimitrios Asteriou; Konstantinos Spanos Purpose The paper aims to explore the mechanisms linking the impact of financial development on economic growth and focuses on the long-term post-global financial crisis. Design/methodology/approach The study employs panel data for twenty-five European...

...Claudio Oliveira De Moraes; José Americo Pereira Antunes; Márcio Silva Coutinho Purpose This paper analyzes the effect of the banking market (concentration and competition) on financial development. Design/methodology/approach In order to estimate the effects of banking concentration...

...SeyedSoroosh Azizi Purpose The purpose of this paper is to examine the impacts of international remittances on financial development in developing countries. Design/methodology/approach The focus is on a panel of 124 developing countries for the period 1990–2015. The empirical evidence...

...Rudra Pradhan; Mak B. Arvin; Sahar Bahmani; John H. Hall Purpose The purpose of this paper is to consider the heterogeneous relationship among financial development, foreign direct investment (FDI) and economic growth, examining the possible directions of causality among them in both the short...

... not promote financial sector development in SSA region while trade openness has a positive impact on the selected financial development indicators. Other variables that enhance financial development in SSA include government expenditure and good governance. Practical implications The main policy...

...Muazu Ibrahim Purpose The purpose of this paper is to examine the interactive effect of human capital in financial development–economic growth nexus. Relative to the quantity-based measure of enrolment rates, the main aim was to determine how quality of human capital proxied by pupil–teacher ratio...

...Long Zhao; Zuanshi Liu; William Wei; Bernadette Andreosso-O’Callaghan Purpose The purpose of this paper is to argue that financial development, measured by private credit in the economy, affects exports in an inverted U-shaped manner. The authors use the new trade theory model and empirical data...

...Ibrahim Dolapo Raheem; Kazeem Bello Ajide; Oluwatosin Adeniyi Purpose The purpose of this paper is to investigate the role of institutions in the financial development-output growth volatility nexus. It provides new channels through which financial development can dampen the output growth...

...Maria Teresa Medeiros Garcia Purpose The purpose of this paper is to investigate empirically the relationship between property‐liability insurance premiums and economic and financial development in the case of Portugal, assuming a supply‐leading causality pattern of development. In other words...