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Financial liberalization is theoretically known to be an important driver of economic growth; the emergence of new industries, the availability of money in the circulation and how it affects prices, extent of international trade in the countries among others are necessities that any economy...
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This paper investigates the impact of financial development on economic growth in Pakistan using the Markov Switching … growth regimes in Pakistan. However, the impact of financial development on economic growth is found to be relatively higher …
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In the aftermath of the 2008 global financial crisis, the implications of financial liberalisation for stability and economic growth has come under increased scrutiny. One strand of literature posits a positive relationship between financial liberalisation and economic growth and development....
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