Shahbaz, Muhammad; Lodhi, Akhtar; Butt, Muhammad Sabihuddin - In: Philippine Review of Economics 44 (2007) 2, pp. 125-148
This study investigates the importance of financial institutions, net capital inflows, and trade openness for financial-sector development in a small developing economy like Pakistan. Two approaches (Johansen test and autoregressive distributive lag approach) were employed for the robustness of...