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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
this paper. We apply an econometric technique, using yearly aggregated data, to examine a long-term co-integration and a …-term co-integration between financial integration de facto and economic growth in China. The bidirectional causality between …
Persistent link: https://www.econbiz.de/10012296075
Persistent link: https://www.econbiz.de/10010342136
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This paper analyzes the links between financial and trade openness and financial development in Sub-Saharan African (SSA) countries. It is based on a panel dataset using methods that tackle slope heterogeneity, cross-sectional dependence and non-stationarity, important econometric problems that...
Persistent link: https://www.econbiz.de/10013050666
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
At a conceptual level, opening of capital markets entails a number of benefits and costs. One major cost of financial openness is output volatility. In this paper, using data from 21 advanced and 81 developing countries during 1971-2010, we empirically examine the impact of capital market...
Persistent link: https://www.econbiz.de/10014137125