Impact of financial development on economic growth: empirical evidence from Pakistan
Jalil, Abdul and Feridun, Mete (2011) Impact of financial development on economic growth: empirical evidence from Pakistan. Journal of the Asia Pacific Economy, 16 (1). pp. 71-80. ISSN 1354-7860 (Print), 1469-9648 (Online) (doi:10.1080/13547860.2011.539403)Full text not available from this repository.
The present article aims at investigating the effects of financial sector development on economic growth in the case of Pakistan from 1975 to 2008. A composite financial depth indicator is built using principal component analysis (PCA) and is used in the Autoregressive Distributed Lag (ARDL) bounds testing approach to cointegration. The results suggest the presence of a positive and significant relationship between financial development and economic growth.
|Additional Information:|| First available online 13th January 2011|
|Uncontrolled Keywords:||financial development, economic growth, ARDL, PCA|
|Subjects:||H Social Sciences > HB Economic Theory
H Social Sciences > HG Finance
|Faculty / Department / Research Groups:||Faculty of Business > Greenwich Political Economy Research Centre (GPERC)
Faculty of Business > Department of International Business & Economics
Faculty of Business
|Last Modified:||02 Nov 2016 13:52|
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