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논문 기본 정보
- 자료유형
- 학술저널
- 저자정보
- 발행연도
- 2017.1
- 수록면
- 63 - 88 (26page)
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This paper examines the dynamic relationship between financial development and economic growth in India. Using annual data from 1980 to 2014, we find evidence of a long-run relationship between financial development and economic growth. Financial sector policies embraced by the Government of India have enlarged the financial system, however we could not find substantial effect of these policies on the long-run growth process. Our causality test results show that the economic growth process exerts a uni-directional causal effect on the development of the financial system in India supporting the demand-following hypothesis.
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참고문헌 (27)
참고문헌 신청
?ihak, M. / 2012 / Benchmarking financial systems around the world
Abiad, A. / 2005 / Financial Reform: What Shakes It? What Shapes It? / The American Economic Review 95 (1) : 66 ~ 88
Adu, G. / 2013 / Financial development and economic growth in Ghana: Does the measure of financial development matter? / Review of Development Finance 3 (4) : 192 ~ 203
Allen, F. / 2003 / Comparing financial systems / MIT Press
Ang, J.B. / 2007 / Are saving and investment cointegrated? The case of Malaysia (1965?2003) / Applied Economics 39 (17) : 2167 ~ 2174
Abiad, A. / 2005 / Financial Reform: What Shakes It? What Shapes It? / The American Economic Review 95 (1) : 66 ~ 88
Adu, G. / 2013 / Financial development and economic growth in Ghana: Does the measure of financial development matter? / Review of Development Finance 3 (4) : 192 ~ 203
Allen, F. / 2003 / Comparing financial systems / MIT Press
Ang, J.B. / 2007 / Are saving and investment cointegrated? The case of Malaysia (1965?2003) / Applied Economics 39 (17) : 2167 ~ 2174
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