No.;Authors;Theory;"Estimate of FD";"Dimension of FD"
1;"Gregorio and Guidotti (1995); Andersen and Tarp (2003); King and Levine (1993); Rioja and Valev (2004); Beck and Levine (2004); Rousseau and Wachtel (2011); Arcand et al. (2011); Beck et al. (2012); Cecchetti and Kharroubi (2012); Law and Singh (2014)";"Supply-leading hypothesis";"Private credit provided by domestic commercial banks and other financial institutions-to-GDP";"Financial depth"
2;"Shen and Lee (2006); Chakraborty (2010)";"Supply-leading hypothesis";"Stock-market activity";"Financial depth"
3;"Rousseau and Wachtel (2002); Yilmazkuday (2011)";"Supply-leading hypothesis";"M1-to-GDP ratio";"Financial depth"
4;"Demetriades and Hussein (1996); Giedeman and Compton (2009); Anwar and Cooray (2012)";"Supply-leading hypothesis";"M2-to-GDP ratio";"Financial depth"
5;"Dawson (2008); Hassan et al. (2011)";"Supply-leading hypothesis";"M3-to-GDP ratio";"Financial depth"
6;"Fink et al. (2003)";"Supply-leading hypothesis";"Bond-market development";"Financial depth"
7;"Bahri et al. (2018)";"Supply-leading hypothesis";"Private credit-to-deposit-money ratio";"Financial depth"
8;"Levine and Zervos (1998)";"Supply-leading hypothesis";"Stock-market liquidity (financial-market development)";"Financial depth"
9;"Levine et al. (2000); Beck et al. (2000)";"Supply-leading hypothesis";"Country’s legal origin";"Financial depth"