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Financial development - economic growth nexus in Pakistan : new evidence from the Markov switching model
Rahman, Abdul; Khan, Muhammad Arshad; Charfeddine, Lanouar - In: Cogent economics & finance 8 (2020) 1, pp. 1-15
This paper investigates the impact of financial development on economic growth in Pakistan using the Markov Switching Model over the period 1980-2017. The results based on two-state Markov switching model confirm the Schumpeter's view that finance spurs growth. The result reveals that financial...
Persistent link: https://www.econbiz.de/10012219668
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Regime-specific impact of financial reforms on economic growth in Pakistan
Rahman, Abdul; Khan, Muhammad Arshad; Charfeddine, Lanouar - In: Journal of policy modeling : JPMOD ; a social science … 43 (2021) 1, pp. 161-182
Persistent link: https://www.econbiz.de/10012821159
Cover Image
Financial development - economic growth nexus in Pakistan: New evidence from the Markov switching model
Rahman, Abdul; Khan, Muhammad Arshad; Charfeddine, Lanouar - In: Cogent Economics & Finance 8 (2020) 1, pp. 1-15
This paper investigates the impact of financial development on economic growth in Pakistan using the Markov Switching Model over the period 1980-2017. The results based on two-state Markov switching model confirm the Schumpeter's view that finance spurs growth. The result reveals that financial...
Persistent link: https://www.econbiz.de/10012657560