Development of banking sector and economic growth: the ARF experience

被引：0
|
作者：
Rudra P. Pradhan
Sasikanta Tripathy
Debaleena Chatterjee
Danish B. Zaki
Bidisha Mukhopadhyay
机构：
[1] Indian Institute of Technology,Vinod Gupta School of Management
来源：
DECISION | 2014年 / 41卷 / 3期
关键词：
PCA; Panel VAR; Banking sector; Economic growth; Granger causality;
D O I：
10.1007/s40622-014-0056-y
中图分类号：
学科分类号：
摘要：
The paper examines the long-run relationship between banking sector development and economic growth in 25 ARF countries for the period 1960–2012. Using principal component analysis for the construction of development index and vector auto-regressive model for testing the Granger causalities, the study finds the presence of both unidirectional and bidirectional causality between banking sector development and economic growth. The policy implication of this study is that the economic policies should recognize the differences in the banking sector development and economic growth in order to maintain sustainable development in the 25 ARF countries.
引用
收藏
页码：245 / 259
页数：14
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