Impact of financial development on economic growth: empirical evidence from Pakistan

被引：35
|
作者：
Jalil, Abdul [2 ]
Feridun, Mete [1 ]
机构：
[1] Eastern Mediterranean Univ, Dept Banking & Finance, Fac Business & Econ, Famagusta, Mersin, Turkey
[2] Quaid I Azam Univ, Sch Econ, Islamabad, Pakistan
来源：
JOURNAL OF THE ASIA PACIFIC ECONOMY | 2011年 / 16卷 / 01期
关键词：
financial development; economic growth; ARDL; PCA; TIME-SERIES EVIDENCE; INTERMEDIATION;
D O I：
10.1080/13547860.2011.539403
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
The present article aims at investigating the effects of financial sector development on economic growth in the case of Pakistan from 1975 to 2008. A composite financial depth indicator is built using principal component analysis (PCA) and is used in the Autoregressive Distributed Lag (ARDL) bounds testing approach to cointegration. The results suggest the presence of a positive and significant relationship between financial development and economic growth.
引用
收藏
页码：71 / 80
页数：10
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