Financial Development, Infrastructure and Economic Growth. Effect of Financial Development and Infrastructure on Economic Growth

      Аннотация: This work is written with the intention to explain the the development of economies. The manuscript consists of three parts. Firstly, it explains the relationship between financial development and economic growth. Secondly, economic growth has been explained with reference to infrastructure. At the end, infrastructure has been incorporated in the linear relationship of financial development and economic growth. The purpose is to describe economic development by financial sector and also to answer several questions about this relationship. Moreover, the increasing effect of financial development in the presence of infrastructure on economic growth has been highlighted.

Ключевые слова: Financial Development, Infrastructure and Economic Growth