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In this paper we examined the impact of the liberalization of financial sector on growth in small open economy of Ghana using time series data from 1970 to 2007. Using autoregressive distributed lag (ARDL) modelling approach we find long-run positive and significant impact of financial...
Persistent link: https://www.econbiz.de/10014210241
-OLS cointegration technique over the time period 1972 to 2016. The importance of the financial liberalisation process in Pakistan has …The present study aims to investigate the financial liberalisation and growth nexus in Pakistan by using the FM …
Persistent link: https://www.econbiz.de/10012814294
This paper empirically investigates the impact of trade and financial liberalisation on economic growth in Pakistan … using annual observations over the period 1961-2005. The analysis is based on the bound testing approach of cointegration … role in enhancing economic growth in Pakistan in the long-run. However, the short-run responses of the real deposit rate …
Persistent link: https://www.econbiz.de/10014050644
-income countries over the period 1970-2009. The paper employs non-stationary heterogeneous panel cointegration techniques that take …
Persistent link: https://www.econbiz.de/10013097488
Persistent link: https://www.econbiz.de/10010342136
Persistent link: https://www.econbiz.de/10012258215
I analyze output growth, volatility, and skewness as the joint outcomes of financial openness. Using an industry panel of 53 countries over 45 years, I find that financial openness increases simultaneously mean growth and the negative skewness of the growth process. The increase in output...
Persistent link: https://www.econbiz.de/10009354652
I analyze output growth, volatility, and skewness as the joint outcomes of financial openness. Using an industry panel of 53 countries over 45 years, I find that financial openness increases simultaneously mean growth and the negative skewness of the growth process. The increase in output...
Persistent link: https://www.econbiz.de/10013315990
Persistent link: https://www.econbiz.de/10012821159
In the present contribution, we concentrate on the process of financial liberalization in a specific context of European economic and monetary integration. We implement de facto and de jure measures of financial liberalization and find that formal aspects of financial openness generate a...
Persistent link: https://www.econbiz.de/10011374352