摘要：Nexus between financial depth and economic growth has been studied for long time and still attracts
great attention from policymakers. This research examines the relationship among ASEAN+3
countries from 2000 to 2014 based on Cobb-Douglas theoretical framework. The results show that
financial depths measured by domestic credit to private sector, M3 and stock market capitalisation
all have significant effects on economic growth. The paper also gives policy recommendations to
promote financial development for purposes of long-term economic growth in ASEAN+3 countries.
关键词：Financial depth;
Economic growth;
ASEAN+3 countries
