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Financial development and economic growth: a study using generalized method of moments


Citation

Abdullah, Abu Bakar and Ibrahim, Saifuzzaman and Wan Ngah, Wan Azman Saini (2012) Financial development and economic growth: a study using generalized method of moments. In: National Research & Innovation Conference for Graduate Students in Social Sciences (GS-NRIC 2012), 7-9 Dec. 2012, Mahkota Hotel, Melaka. (pp. 195-210).

Abstract / Synopsis

This study aims to examine the impact of financial development on economic growth in 53 countries. In order to account the effect of both banking sector and stock market, the estimation includes the level of development measures of these two sectors in one model. Adopting generalized method of moments (GMM), the findings suggest that both development in banking sector and stock market are significant in economic growth.


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Additional Metadata

Item Type: Conference or Workshop Item (Paper)
Divisions: Faculty of Economics and Management
Publisher: Faculty of Economics and Management, Universiti Putra Malaysia
Keywords: Financial development; Economic growth; Generalized method of moments; Principal component analysis
Depositing User: Nabilah Mustapa
Date Deposited: 03 Apr 2017 14:00
Last Modified: 03 Apr 2017 14:00
URI: http://psasir.upm.edu.my/id/eprint/51235
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