Financial development and economic growth

Detalhes bibliográficos
Autor(a) principal: Mercatelli, Laís
Data de Publicação: 2020
Tipo de documento: Dissertação
Idioma: eng
Título da fonte: Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
Texto Completo: http://hdl.handle.net/1822/65593
Resumo: Dissertação de mestrado em Economia
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spelling Financial development and economic growthEconomic growthGrowth modelsFinancial developmentCredit marketFinancial intermediationEconomic developmentCiências Sociais::Economia e GestãoDissertação de mestrado em EconomiaTo understand how the financial integration achieved by the globalization and technology development affects one nation’s economic growth has been one of the most challenging quests in the area of macroeconomics, over the last decades. The financial market has become greatly important to countries’ growth, it moves trillions of dollars per day and connects all members of one society through most complex and sophisticated financial instruments. Theoretical research in this area is not abundant, since it is not easy to convert the complex interactions between the financial system and the economy into mathematical expressions and models. Given this background, the present dissertation intends to offer a theoretical contribution to research on finance and growth. The present study consists in developing a growth model that considers financial development. We will focus on the R&D-based endogenous growth models and we will build on Thompson’s (2008) model, which considers theoretical aspects developed by Rivera-Batiz and Romer (1991) and Evans et al (1998), creating a new model where we replace internal investment costs with external investment costs, in which we introduce an analytical function for the price of patents, considering the financial development. We additionally introduce financial development in the consumers side of the economy. The theoretical results obtained are tested through a numerical-solution analysis using standard values for our parameters. We show theoretically that financial development positively influences the rate of economic growth.Thompson, MariaUniversidade do MinhoMercatelli, Laís20202020-01-01T00:00:00Zinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/masterThesisapplication/pdfhttp://hdl.handle.net/1822/65593eng202484912info:eu-repo/semantics/openAccessreponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãoinstacron:RCAAP2023-07-21T12:41:37Zoai:repositorium.sdum.uminho.pt:1822/65593Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireopendoar:71602024-03-19T19:38:38.789615Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãofalse
dc.title.none.fl_str_mv Financial development and economic growth
title Financial development and economic growth
spellingShingle Financial development and economic growth
Mercatelli, Laís
Economic growth
Growth models
Financial development
Credit market
Financial intermediation
Economic development
Ciências Sociais::Economia e Gestão
title_short Financial development and economic growth
title_full Financial development and economic growth
title_fullStr Financial development and economic growth
title_full_unstemmed Financial development and economic growth
title_sort Financial development and economic growth
author Mercatelli, Laís
author_facet Mercatelli, Laís
author_role author
dc.contributor.none.fl_str_mv Thompson, Maria
Universidade do Minho
dc.contributor.author.fl_str_mv Mercatelli, Laís
dc.subject.por.fl_str_mv Economic growth
Growth models
Financial development
Credit market
Financial intermediation
Economic development
Ciências Sociais::Economia e Gestão
topic Economic growth
Growth models
Financial development
Credit market
Financial intermediation
Economic development
Ciências Sociais::Economia e Gestão
description Dissertação de mestrado em Economia
publishDate 2020
dc.date.none.fl_str_mv 2020
2020-01-01T00:00:00Z
dc.type.status.fl_str_mv info:eu-repo/semantics/publishedVersion
dc.type.driver.fl_str_mv info:eu-repo/semantics/masterThesis
format masterThesis
status_str publishedVersion
dc.identifier.uri.fl_str_mv http://hdl.handle.net/1822/65593
url http://hdl.handle.net/1822/65593
dc.language.iso.fl_str_mv eng
language eng
dc.relation.none.fl_str_mv 202484912
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eu_rights_str_mv openAccess
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dc.source.none.fl_str_mv reponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
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