Pradhan, Rudra Prakash; Arvin, B. Mak; Norman, Neville … - In: Journal of economics, finance & administrative science 25 (2020) 49, pp. 119-147
Purpose - The paper investigates whether Granger causal relationships exist between bond market development, stock market development, economic growth and two other macroeconomic variables, namely, inflation rate and real interest rate. The study aims to expand the domain of economic growth by...