资源描述：
《股市发展与经济增长研究外文文献翻译》由会员上传分享，免费在线阅读，更多相关内容在工程资料-天天文库。
1、外文文献原文及译文文献出处：HowellsS.Theresearchofstockmarketdevelopmentandeconomicgrowth[J]・JoumalofEconomics&Business,2017,6(2):162-172.原文TheresearchofstockmarketdevelopmentandeconomicgrowthHowellsSolimanAbstractWiththerapiddevelopmentofstockmarket,expertsandscholarshavealsostudiedther
2、elationshipbetweenstockmarketdevelopmentandeconomicgrowthasahottopicoftheoreticalresearchandempiricalresearch.Inthispaper,wewillselectivereviewofthisliterature,andsummarizethelatestprogressinthestudyofthe20thcenturyandtheresearchdynamic・Keywords:Stockmarket;Economicgrowth;L
3、iteratureresearch1IntroductionFinancialdevelopmentincludesfinancialintermediarydevelopmentandthedevelopmentofthestockmarket・Early,eveninthemostdevelopedindustrializedcountries,thestockmarketisonlyasmallportionofthewholefinancialmarket,althoughsomeresearchhasexpandedtothesto
4、ckmarket,buttheresearchabouttherelationbetweenfinancialdevelopmentandeconomicgrowthismainlyfocusonfinancialintermediary,fortheinteractionofthestockmarketandeconomicgrowtharelimitedtosomeconceptualresearch・Sincethe1990s,developingcountriesstockmarketexpandsrapidly,therelatio
5、nshipbetweenstockmarketdevelopmentandeconomicgrowthhasbeenwidelyconcerned.1TheoreticalresearchesThesubjectrelationbetweenfinancialdevelopmentandeconomicgrowthCanbetracedbacktotheAgehot(1873)andSchumpeter(1912),theystressedtheimportanceofthefundsrequiredforthebankingsectorfo
6、reconomicgrowth.Schumpeterbelievesthatessentialelementsofthefundsrequiredfortheentrepreneuristheprocessofproduction,nifyouwanttobecomeentrepreneurs,mustfirstbeborrowingn(Schumpeter,1912),GurleyandShaw(1955),Patrick(1966)developedthetheorypointofview.Goldsmith(1969),oneofthe
7、importantcontributionsbymoreaccuratelydeterminetheroleoffinancialinstitutions,summeduptheeconomyinthefinancialstructuretoMacceleratetheeconomicgrowthandimprovetheeconomicperformance,enableusersofcapitalinflowstothebesthand,namelytheeconomicsystemtomakemoneytogetthehighestyi
8、eldplace"(Goldsmith,1969).Mick(1973)andShaw(1973)forthefurtherresearch,theyemphasi
