Shahbaz, Muhammad; Hye, Qazi Muhammad Adnan; Shabbir, … - In: International Journal of Economics and Empirical … 1 (2013) 10, pp. 113-124
The intention of paper is to analyze the effect of corruption on financial development in Pakistan using time series data for the period of 1987-2009. In doing so, ARDL bounds testing approach to cointegration has been applied. The direction of causality is investigated by using VECM granger...