Kyophilavong, Phouphet; Salah Uddin, Gazi; Shahbaz, Muhammad - Volkswirtschaftliche Fakultät, … - 2014
The relationship between financial development and economic growth is not conclusive in existing economics literature. The aim of this paper is to test two hypotheses: ‘supply-leading’ hypothesis and ‘demand-following’ hypothesis, using Laos time series data. The ARDL bounds testing...