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

Wan Ngah, Wan Azman Saini, 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

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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

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