Open AccessResearch on the Relationship between Financial Development, Capital Stock and Economic Development
Author(s) -
Xu Jie
Publication year - 2019
Publication title -
financial statistical journal
Language(s) - English
Resource type - Journals
ISSN - 2578-1960
DOI - 10.24294/fsj.v1i4.1074
Subject(s) - financial intermediary , financial capital , economics , stock (firearms) , stock market , capital market , economic capital , financial system , finance , monetary economics , business , market economy , human capital , mechanical engineering , paleontology , horse , engineering , biology
In the process of economic development, influenced by many factors, this paper establishes a regression model between capital stock and financial development under the influence of endogenous growth theory to analyze the change of capital stock in the process of economic growth. It is found that financial development plays a greater role in the capital stock, and the role played by financial markets is weaker than that of financial intermediaries