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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
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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estimation techniques to examine the existence of cointegration among economic growth, financial development and trade openness … inconclusive. While a number of scholars are of the view that compelling cointegration exists among each of these constructs … financial stability. Our results show that a two-way cointegration exists between economic growth and financial development, on …
Persistent link: https://www.econbiz.de/10011597954
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
This study examines the tripartite relationship between financial development, trade openness and economic growth in Ghana, Nigeria and South Africa for the 1980-2014 period. The study reveals a long-run causal relationship between financial development, trade openness and economic growth,...
Persistent link: https://www.econbiz.de/10012915081