Wan Ngah, Wan Azman Saini and Habibullah, Muzafar Shah and Mohamed, Azali (2000) The Relevance of Financial Development for Economic Growth: A Bounds Test Approach. Pertanika Journal of Social Sciences & Humanities, 8 (1). pp. 51-57. ISSN 0128-7702
The purpose of the study is to determine whether financial development is relevant for economic growth in Malaysia for the period 1955 to 1997. Using a bounds test proposed by Pesaran et al. (1996), our results suggest that using both linear and log-linear specifications, the data do not support the existence of long-run relationships between financial development and economic growth during the period under study.
|Faculty or Institute:||Faculty of Economics and Management|
|Publisher:||Universiti Putra Malaysia Press|
|Deposited By:||Nur Izyan Mohd Zaki|
|Deposited On:||25 Nov 2009 04:27|
|Last Modified:||27 May 2013 07:07|
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