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robust examination of the empirical findings. The result of cointegration confirms the presence of cointegration among the …
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inconclusive. While a number of scholars are of the view that compelling cointegration exists among each of these constructs … estimation techniques to examine the existence of cointegration among economic growth, financial development and trade openness … financial stability. Our results show that a two-way cointegration exists between economic growth and financial development, on …
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