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development vis-à-vis income in Pakistan for the periods 1980-2010 using the bounds procedure within the augmented Solow …-model approach. In the long-run, trade openness, ODA, and remittances have a significant positive effect on the income level, while … while remittances, trade openness and financial development have lagged negative effects. Therefore, understanding that aid …
Persistent link: https://www.econbiz.de/10011110256
both in the long and short-run, although in the latter, the effects from financial and technology inclusion and remittances …
Persistent link: https://www.econbiz.de/10011112198
The analysis shows cointegration between exports, economic growth and financial development in case of Pakistan. The … results that economic growth and financial development stimulate rate of exports growth in Pakistan. The causality analysis … and exports and economic growth in case of Pakistan. …
Persistent link: https://www.econbiz.de/10008836757
, energy consumption, financial development and trade openness in Pakistan. Lack of environmental protection laws, energy … crises and resulting lower economic growth make Pakistan a unique setting to study the country specific reactions among the …. There is a bi-directional causality between financial development and energy consumption in Pakistan. Hence, the efforts to …
Persistent link: https://www.econbiz.de/10011108994
likely to cause the economy to fall into a poverty trap. …
Persistent link: https://www.econbiz.de/10011107764
Managing capital flows and liquidity demand has been a central issue for emerging-market countries. In an era of global imbalances, rapid accumulation of foreign exchange reserves by surplus countries is also an issue for the international system. In a well-functioning international financial...
Persistent link: https://www.econbiz.de/10011258860
This study contributes to the debate on financial development and economic growth in Malaysia using quarterly observations for a sample period from 1980 to 2002. It utilises a battery of financial indicators. Based on multivariate framework which takes real interest rate and capital stock into...
Persistent link: https://www.econbiz.de/10005260031
This paper analyses the relationship between financial development (as measured by expansion of domestic credit to private sector relative to GDP) and growth for a sample of 65 less developed countries over a long period, 1980-2006. Using causality tests at various lag-orders we find a strong...
Persistent link: https://www.econbiz.de/10009277852
The development of the financial system is shown, both historically and in contemporary data, to be adversely affected by inequality in the distribution of land. To accommodate these empirical findings, a theory is developed that highlights the incentives of landowners to oppose competition in...
Persistent link: https://www.econbiz.de/10005836624
Requiring taxes to be paid in domestic money provides a legal tender basis for money demand and hence to the development of a financial system. In emerging markets, the level of taxation is a positive factor boosting financial development. At higher tax rates, however, taxation provides an...
Persistent link: https://www.econbiz.de/10005837205