Sethi, Dinabandhu; Tiwari, Aviral Kumar; Shahbaz, Muhammad - In: Economic growth and financial development : effects of …, (pp. 73-102). 2021
linear Granger-causality running from economic growth to financial development in most of the countries, supporting demand … level, we find significant linear and nonlinear causality running from financial development to economic growth, supporting … Granger-causality. Similarly, the chapter using stock market indicators confirms both linear and nonlinear causalities from …