THE IMPACT OF FINANCIAL SYSTEMS ON ECONOMIC GROWTH-Reference-Cited by-同舟云学术

THE IMPACT OF FINANCIAL SYSTEMS ON ECONOMIC GROWTH

Published:2022-05-11 Issue: Volume: Page:
ISSN:2029-929X
Container-title:12th International Scientific Conference “Business and Management 2022”
language:
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Author:

Kravec Ksenija¹,Jurevičienė Daiva¹^ORCID

Affiliation:

1. Business Management Faculty, Vilnius Gediminas Technical University, Saulėtekio al. 11, Vilnius, Lithuania

Abstract

The article aims to determine the level of impact of the financial sector on economic growth. The financial sector’s activities provide financing for business development, provide borrowing opportunities and provide compre-hensive protection when concluding insurance contracts, which in the long run ensures economic growth. It is es-sential to understand which financial sector activities are most significant in economic growth. Borrowing and equity trading have been found to positively impact economic growth, while the market capitalisation of companies has been found to harm economic growth. The results can be used to develop growth plans for financial institutions that pro-mote economic development.

Publisher

Vilnius Gediminas Technical University

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