Financial Market Development and Economic Growth in Sweden

Q3 Economics, Econometrics and Finance

Afro-Asian Journal of Finance and Accounting Pub Date : 2023-11-03 DOI:10.53819/81018102t5269

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Abstract

Financial market development plays a crucial role in fostering economic growth by providing an efficient platform for the allocation of funds. As financial markets become more sophisticated and inclusive, they enable businesses to access capital more readily for investments in productive assets and innovative projects. Additionally, well-functioning financial markets encourage savings, promote risk-sharing, and enhance liquidity, facilitating economic expansion. Governments and policymakers play a pivotal role in nurturing financial market development through prudent regulations and incentives to drive economic growth and stability. Findings from studies on financial market development and economic growth in Sweden indicate a strong positive relationship between the two variables. Sweden's well-developed financial markets, characterized by a robust banking sector and capital markets, have been instrumental in promoting economic growth and stability. This is particularly evident in Sweden's ability to efficiently allocate capital, encourage innovation, and facilitate a high level of savings, contributing to its strong economic performance. In conclusion, the relationship between financial market development and economic growth in Sweden is robust and mutually reinforcing. Sweden's well-established financial markets, including a strong banking sector and capital markets, have been instrumental in driving the nation's sustained economic growth. These findings underscore the importance of nurturing financial market development as a vital component of fostering economic expansion and stability in Sweden. The study recommended that to further enhance the synergy between financial market development and economic growth in Sweden, policymakers should focus on maintaining regulatory stability and fostering innovation in the financial sector. Promoting financial inclusion to ensure that a broader section of the population can access and benefit from the opportunities offered by well-developed financial markets can be a valuable strategy for driving economic growth. Keywords: Financial Market Development, Economic Growth, Sweden

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瑞典的金融市场发展与经济增长

金融市场的发展为资金配置提供了一个高效的平台，对促进经济增长起着至关重要的作用。随着金融市场变得更加复杂和包容，它们使企业能够更容易地获得资金，用于生产性资产和创新项目的投资。此外，运转良好的金融市场鼓励储蓄，促进风险分担，增强流动性，促进经济扩张。政府和政策制定者在培育金融市场发展方面发挥着关键作用，通过审慎的监管和激励措施推动经济增长和稳定。对瑞典金融市场发展和经济增长的研究结果表明，这两个变量之间存在很强的正相关关系。瑞典发达的金融市场，以强劲的银行部门和资本市场为特征，在促进经济增长和稳定方面发挥了重要作用。这一点在瑞典有效配置资本、鼓励创新和促进高水平储蓄的能力上尤为明显，这有助于其强劲的经济表现。总之，瑞典的金融市场发展和经济增长之间的关系是稳健的，相互促进的。瑞典完善的金融市场，包括强大的银行业和资本市场，在推动国家经济持续增长方面发挥了重要作用。这些发现强调了培育金融市场发展作为促进瑞典经济扩张和稳定的重要组成部分的重要性。该研究建议，为了进一步加强瑞典金融市场发展与经济增长之间的协同作用，政策制定者应将重点放在维护监管稳定和促进金融部门创新上。促进普惠金融，确保更广泛的人口能够获得发达金融市场提供的机会并从中受益，是推动经济增长的一项宝贵战略。关键词:金融市场发展，经济增长，瑞典

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来源期刊

Afro-Asian Journal of Finance and Accounting Economics, Econometrics and Finance-Finance

CiteScore

0.70

自引率

0.00%

发文量

期刊介绍： Finance and accounting are seen as essential components for the successful implementation of market-based development policies supporting economic liberalisation in the rapidly emerging economies in Africa, the Middle-East and Asia. AAJFA aims to foster greater discussion and research of the development of the finance and accounting disciplines in these regions. A major feature of the journal will be to emphasise the implications of this development and the effects on businesses, academics and professionals. Topics covered include: -Asset pricing, corporate finance, banking; market microstructure -Behavioural and experimental finance; law and finance -Emerging economies: finance, audit committees, corporate governance -Islamic finance, accounting and auditing -Equity analysis and valuation, venture capital and IPOs -National GAAP and IASs compliance, harmonisation and strategies -Financial measurement/disclosure, and the quality of information reported -Accountability and social/ethical/environmental measurement/reporting -Cultural, political, institutional impact on financial measurement/disclosure -Accounting practices for intellectual capital and other intangible assets -Provision of non-audit services and impairment to auditor independence -Audit quality and auditor skills; internal control/auditing -Management accounting, control and /use of key performance indicators -Accounting education and professional development, accounting history -Public sector and not-for-profit accounting