This paper examines whether financial development stimulates economic growth in the case of selected Commonwealth of Independent States (CIS) countries. Methodologically, the paper uses panel data taking advantage of cross-country and time-series dimensions. As an econometrical approach, the Generalized Method of Moments (GMM) dynamic panel estimation is used in the 'Stata' application. The research results showed that financial development exerts a positive and important impact on economic growth in the case of selected countries.
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"DOES FINANCIAL DEVELOPMENT PROMOTE ECONOMIC GROWTH? EVIDENCE FROM SELECTED CIS COUNTRIES,"
International Finance and Accounting: Vol. 2020
, Article 4.
Available at: https://uzjournals.edu.uz/interfinance/vol2020/iss3/4