Journal ArticleDOI
Does Financial Development Cause Economic Growth? The Case of India
TLDR
In this paper, the authors examined whether financial development has "caused" economic growth in India since 1996 and examined the dynamic interactions between the growth of real Gross Domestic Product and indicators of financial development.Abstract:
This article examines whether financial development has ‘caused’ economic growth in India since 1996. The dynamic interactions between the growth of real Gross Domestic Product and indicators of fi...read more
Citations
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Dissertation
Impact of commercial banking sector development on economic growth in small Pacific countries: a case study of the Vanuatu economy
TL;DR: In this article, the authors studied the impact of commercial banking sector development on economic growth in small Pacific countries, including Vanuatu, and found that commercial banks played an important role in economic growth.
The Role of Bank-Based Finance in Economic Growth of Pakistan
TL;DR: In this paper, a composite index of bank based financial development is formulated with principal component analysis by taking four different indicators of bank-based financial development and it is found that financial development exerts positive impact on economic growth in the long run.
Indian Economy and Growth of Financial Market in the Contemporary Phase of Globalization Era
TL;DR: In this article, the authors focused on the growth of Indian economy and its financial sector using the different economic and financial indicators, and observed that while the country has liberalized its international trade and investment regime, the economy is still insulated from international competition.
References
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Journal ArticleDOI
Co-integration and Error Correction: Representation, Estimation and Testing
TL;DR: The relationship between co-integration and error correction models, first suggested in Granger (1981), is here extended and used to develop estimation procedures, tests, and empirical examples.
Book
The theory of economic development
TL;DR: Buku ini memberikan infmasi tentang aliran melingkar kehidupan ekonomi sebagaimana dikondisikan oleh keadaan tertentu, fenomena fundamental dari pembangunan EKonomi, kredit, laba wirausaha, bunga atas modal, and siklus bisnis as mentioned in this paper.
Journal ArticleDOI
Finance and Growth: Schumpeter Might Be Right
TL;DR: In this paper, the authors examined a cross-section of about 80 countries for the period 1960-89 and found that various measures of financial development are strongly associated with both current and later rates of economic growth.
Journal ArticleDOI
The theory of economic development
Posted Content
Stock Markets, Banks, and Economic Growth
Ross Levine,Sara Zervos +1 more
TL;DR: This paper showed that stock market liquidity and banking development both positively predict growth, capital accumulation, and productivity improvements when entered together in regressions, even after controlling for economic and political factors.