The Relevance of Financial Development for Economic Growth: A Bounds Test Approach

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

[img] PDF
3031Kb

Abstract

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.

Item Type:Article
Faculty or Institute:Faculty of Economics and Management
Publisher:Universiti Putra Malaysia Press
ID Code:3312
Deposited By: Nur Izyan Mohd Zaki
Deposited On:25 Nov 2009 04:27
Last Modified:27 May 2013 07:07

Repository Staff Only: Edit item detail

Document Download Statistics

This item has been downloaded for since 25 Nov 2009 04:27.

View statistics for "The Relevance of Financial Development for Economic Growth: A Bounds Test Approach"


Universiti Putra Malaysia Institutional Repository

Universiti Putra Malaysia Institutional Repository is an on-line digital archive that serves as a central collection and storage of scientific information and research at the Universiti Putra Malaysia.

Currently, the collections deposited in the IR consists of Master and PhD theses, Master and PhD Project Report, Journal Articles, Journal Bulletins, Conference Papers, UPM News, Newspaper Cuttings, Patents and Inaugural Lectures.

As the policy of the university does not permit users to view thesis in full text, access is only given to the first 24 pages only.