Financial Development And Economic Growth : Evidence From Saarc Countries
This study examines the empirical links between financial development and economic growth in SAARC countries. Unbalanced panel dataset of five SAARC countries has been taken that includes Bangladesh, India, Nepal, Pakistan and Sri Lanka over the period of 1994 to 2014. The empirical results using...
Saved in:
| Main Author: | |
|---|---|
| Format: | Final Year Project Report / IMRAD |
| Language: | en |
| Published: |
Universiti Malaysia Sarawak, (UNIMAS)
2016
|
| Subjects: | |
| Online Access: | http://ir.unimas.my/id/eprint/34553/2/Christina%C2%A0%28fulltext%29.pdf http://ir.unimas.my/id/eprint/34553/ |
| Tags: |
Add Tag
No Tags, Be the first to tag this record!
|
| Summary: | This study examines the empirical links between financial development and economic
growth in SAARC countries. Unbalanced panel dataset of five SAARC countries has
been taken that includes Bangladesh, India, Nepal, Pakistan and Sri Lanka over the
period of 1994 to 2014. The empirical results using Fully Modified Least Squares
(FMOLS) and Panel Granger Causality reveal that the banking sector development is
statistically significant determinant of economic growth. On the other hand, stock
market development does not statistically cause economic growth. This finding
suggests that improving the functioning of banking sector is important to influence the
economic growth in SAARC countries. |
|---|