Paper Title :Financial Development and Economic Growth: Evidence from Panel Cointegration Tests and Generalized Impulse Response Analysis
Author :Uyanga Gantumur
Article Citation :Uyanga Gantumur ,
(2018 ) " Financial Development and Economic Growth: Evidence from Panel Cointegration Tests and Generalized Impulse Response Analysis " ,
International Journal of Management and Applied Science (IJMAS) ,
pp. 37-38,
Volume-4,Issue-7
Abstract : This study investigates the long-run relationship and the inter-temporal link between financial development and
economic growth by using panel data of 86 countries both developed and developing over the period 1993-2013. To
examine the linkage between financial development and economic growth of the eighty six countries in four income groups
used panel unit root test, panel cointegration, FMOLS and generalized impulse response analysis. The result point out that
the amount of credit from domestic sources to the private sector a maintained a positively significant to the economic
growth.
Type : Research paper
Published : Volume-4,Issue-7
DOIONLINE NO - IJMAS-IRAJ-DOIONLINE-13039
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Copyright: © Institute of Research and Journals
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Published on 2018-09-03 |
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