The intention of paper is to analyze the effect of corruption on financial development in Pakistan using time series data for the period of 1987-2009. In doing so, ARDL bounds testing approach to cointegration has been applied. The direction of causality is investigated by using VECM granger...

This study examines the linkages among economic growth, energy consumption, financial development, trade openness and CO2 emissions over the period of 1975Q1–2011Q4 in case of Indonesia. The stationary analysis is performed by using Zivot–Andrews unit root test and the ARDL bounds testing...

Purpose – The purpose of this paper is to construct a financial development index for China and to analyze the relationship between the financial sector development index and economic growth. Design/methodology/approach – This study uses Johansen‐Juselius cointegration approach to...