Исследование взаимосвязи между финансами и экономическим ростом: новые данные из стран с переходной экономикой

Связь между финансами и экономическим ростом широко изучена, но влияние финансовой открытости и финансового развития на рост в странах с переходной экономикой остается неясным. В этом исследовании мы анализируем, как финансовая открытость и развитие влияют на экономический рост в таких странах. Для оценки финансового развития используем показатели, характеризующие финансовые институты и рынки. В эконометрическом анализе применяем несколько методов для данных 27 стран за 1995–2022 гг. Результаты показывают значительное положительное влияние финансовой открытости и развития на экономический рост, особенно при их сочетании. Из трех показателей финансовых институтов (доступность, глубина, эффективность) положительное воздействие оказывает только глубина финансового рынка. Совокупный индекс финансового рынка не демонстрирует значимого влияния. Этот вывод указывает на сложные аспекты развития финансового рынка, требующие дальнейшего изучения. Наше исследование обогащает литературу и имеет важное значение для политики экономического развития в странах с переходной экономикой.

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