مطالب

Does financial sector develop in line with its nature? Does part of financial development, which is in line with its nature, approve mainstream opinion in regard to finance-growth relationship? By considering financialization phenomenon within an ARDL-Bounds testing approach, this study re-examined the causal relationship between financial development and economic growth in the USA during the period 1961–2012. Using Principal Component Analysis (PCA), indicators of financial sector development (FD) and financialization (FIN) were created. After that, Granger causality test was applied using the ARDL-ECM methodology. According to the results: 1) a bilateral relationship between financial development and economic growth was observed; while financial development had negative and significant impact on economic growth, the influence of economic growth on financial development was not significant although it was positive; 2) financialization significantly affected financial development through efficiency channel. Obtained results can be used by policy makers in different countries, although the study is applied for the USA.

Amlash city due to the attraction of beautiful landscapes, with tourism and is rich in ancient monuments, the position is in Gilan geography has. But the deadlock in order to catch the attention of the local authorities and the lack of Amlash in the fields of planning and action in the direction of introducing the gravity lift forklift infrastructure development has caused potential tourists from the city for villages do not have much information and therefore rural tourism Amlash trimmed to effect. The present research aimed to identify the more tourist attractions and Amlash County, a rural and proceeded in the direction of introducing the gravity lift to the rural tourism boom and rural development has been the city editor. The research method of descriptive and analytic studies of the type, for data analysis, descriptive statistics and inferential statistics forklift has been used, the assumptions in the power of attraction of the rural tourism development in the direction of Amlash County is expressed. Review of the research of hypothesis testing, the test for p and using the results of the questionnaire, forklift, and assumptions with the 95 percent confidence level was test. The results of the assessment against the stricter-ability to lift rural natural and cultural attractions, Amlash and forklift capability, ability to attract domestic and foreign tourists have been a positive evaluation of the tourism boom and fitted can afford Amlash County rural development provides them. As well as the position of Amlash County, a mountainous countryside and features picturesque villages. It is through various practices, resulting in attracting tourists and the tourism boom in the growth and expansion of rural development Amlash County us figure.