عرض بسيط للتسجيلة

المؤلفRahman, Abdul
المؤلفKhan, Muhammad Arshad
المؤلفCharfeddine, Lanouar
تاريخ الإتاحة2022-12-27T08:14:14Z
تاريخ النشر2020
اسم المنشورSAGE Open
المصدرScopus
معرّف المصادر الموحدhttp://dx.doi.org/10.1177/2158244020963064
معرّف المصادر الموحدhttp://hdl.handle.net/10576/37627
الملخصThis study investigates the financial development-economic growth relationship in Pakistan over the period 1975-2017 using the Markov Switching methodology. The financial development index has been constructed using the principal component analysis. Unexpectedly, the empirical result shows that financial development contributing negatively to economic growth in the high and the low economic growth regimes in Pakistan. Moreover, the results indicate that labor force retards economic growth with a higher magnitude. A significant positive effect of gross fixed capital formation on economic growth is also observed. The results reveal that policymakers may revisit the financial development policies so that the financial sector may contribute positively to economic growth process in Pakistan. In this respect, more steps are needed to further liberalize the financial sector to enhance economic growth in Pakistan. The Author(s) 2020.
اللغةen
الناشرSAGE Publications Inc.
الموضوعeconomic growth
financial development
Markov switching analysis
Pakistan
principal component analysis
العنوانDoes Financial Sector Promote Economic Growth in Pakistan? Empirical Evidences From Markov Switching Model
النوعArticle
رقم العدد4
رقم المجلد10
dc.accessType Open Access


الملفات في هذه التسجيلة

Thumbnail

هذه التسجيلة تظهر في المجموعات التالية

عرض بسيط للتسجيلة