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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
, 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
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
likely to cause the economy to fall into a poverty trap. …
Persistent link: https://www.econbiz.de/10011107764
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
This paper provides a survey of the theoretical and empirical literature on financial development and its impact on the level of openness and the pattern of international trade. Financial development may be more important in promoting certain industries that requires large amounts of external...
Persistent link: https://www.econbiz.de/10011240199
This paper investigates the dynamic causal relationship between financial development, energy consumption and economic growth in Lebanon over the period 1993M1-2010M12.Our findings confirm the existence of cointegration among the variables. The results indicate that financial development and...
Persistent link: https://www.econbiz.de/10011257783
This study examines the causal relationship between economic growth and financial development in Poland on the basis of quarterly data for the period 2000 Q1–2011 Q4. In order to examine the impact of the 2008 financial crisis on the structure of financial sector-GDP links in Poland we...
Persistent link: https://www.econbiz.de/10011257877