Title: A Study on Financial Deepening,Capital Deepening and Their Complementarity
Abstract: This paper investigates financial deepening,capital deepening and their mutual relations.It is proposed in this paper that financial deepening is caused by capital deepening and accelerate capital deepening through channel effect.This hypothesis is verified by the data during the period of 1952~2004.Finally the paper analyzes the economic and systemic factors attributive to the capital deepening.
Publication Year: 2006
Publication Date: 2006-01-01
Language: en
Type: article
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