Economic Growth. Does Finance Matter?

Inhaltsverzeichnis (Table of Contents)

• Introduction
• Background
  • The Finance-Growth-Nexus
  • Data
• A Finance-Augmented Growth Model
• Methodology
• Results
• Conclusion

Zielsetzung und Themenschwerpunkte (Objectives and Key Themes)

This thesis investigates the relationship between financial development and economic growth. The author aims to shed light on the role of finance in driving economic expansion, particularly through the lens of foreign direct investment (FDI).

• The finance-growth nexus: Examining the complex relationship between financial development and economic growth.
• The role of FDI: Analyzing the impact of foreign direct investment on economic growth and its connection to financial development.
• Empirical analysis: Employing a finance-augmented growth model and econometric methods to investigate the relationships between variables.
• Data analysis: Using a comprehensive dataset to analyze the relationship between financial indicators and economic growth.
• Policy implications: Drawing conclusions on the role of finance in fostering economic growth and highlighting potential policy recommendations.

Zusammenfassung der Kapitel (Chapter Summaries)

• Introduction: Provides an overview of the research topic, highlighting the significance of financial development for economic growth and outlining the research objectives.
• Background: Delves into the theoretical foundation of the finance-growth nexus, discussing relevant literature and presenting a conceptual framework for understanding the relationship between finance and growth. This chapter also introduces the data used in the empirical analysis.
• A Finance-Augmented Growth Model: Presents the theoretical model used to analyze the relationship between financial development, FDI, and economic growth. This chapter explains the underlying assumptions and the derivation of the key equations.
• Methodology: Outlines the econometric methodology employed in the empirical analysis, including the estimation technique, variable selection, and statistical tests used to assess the model's robustness.
• Results: Presents the findings of the empirical analysis, analyzing the relationships between financial indicators, FDI, and economic growth. The results are discussed in the context of the theoretical framework and existing literature.

Schlüsselwörter (Keywords)

This thesis explores the intricate relationship between financial development, foreign direct investment (FDI), and economic growth. Key concepts explored include the finance-growth nexus, econometric modeling, data analysis, and the role of financial indicators in fostering economic expansion. The research investigates the impact of FDI as a crucial driver of growth, analyzing its connection to financial development and exploring potential policy implications.