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AuthorOutreville, J. Francois
TitleFinancial Development, Human Capital and Political Stability
Imprint Geneva, United Nations. 1999
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Descript iii, 18 p. : graphs, tables


Abstract: In this paper we take a look at the empirical relationship between the level of financial development and socio-economic variables reflecting different levels of development in the light of the recent literature on the role of human capital in economic development. The empirical results, based on a cross-sectional analysis of 57 developing countries, indicate that human capital and socio-political stability are important factors explaining the level of financial development of these markets

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