This chapter examines the direction of causality between financial development and economic growth in 44 developed and developing countries for the period of 1965-2016. Using bank-based indicators, our empirical results provide the evidence of linear Granger-causality running from economic...

This chapter takes a historical overview of financial liberalization, and its subsequent impact on economic growth of Pakistan. Canada's Fraser Institute publishes the "Economic Freedom of the World (EFW)" Index every year, ranking the countries according to the developments occurring in...