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Financial development-economic growth nexus in Pakistan: new evidence from the Markov switching model
(
Cogent OA
, 2020 , Article)
This paper investigates the impact of financial development on economic growth in Pakistan using the Markov Switching Model over the period 1980-2017. The results based on two-state Markov switching model confirm the ...
Financial progress and the stability of long-run money demand: Implications for the conduct of monetary policy in emerging economies
(
Elsevier Inc.
, 2009 , Article)
This paper examines whether recent financial changes in three emerging market economies in the Gulf region (Bahrain, the UAE, and Qatar) have distorted the character and the stability of their underlying long-run money ...
Impact of renewable energy consumption and financial development on CO2 emissions and economic growth in the MENA region: A panel vector autoregressive (PVAR) analysis
(
Elsevier Ltd
, 2019 , Article)
Unlike previous studies in the energy-environment literature, this study employed the panel vector autoregressive (PVAR) model that was developed by Love and Zicchino [1] to examine the impact of renewable energy and ...
The environmental Kuznets curve relationship: a case study of the Gulf Cooperation Council region
(
Springer Verlag
, 2018 , Article)
By using panel data over the 1980?2017 period and two alternative indicators of environmental pollution (carbon dioxide (CO2) and sulfur dioxide (SO2) emissions), this paper investigates the validity of the environmental ...
Sukuk, banking system, and financial markets: Rivals or complements?
(
Elsevier B.V.
, 2017 , Article)
Using the system GMM estimation technique, we study the effects of the financial development on Sukuk markets using a panel dataset of 11 countries from 1995 to 2015. First, we find that Sukuk and bank financing are ...