The relevance of financial development for economic growth: a bounds test approach
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 th...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
| Published: |
Universiti Putra Malaysia Press
2000
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| Online Access: | http://psasir.upm.edu.my/id/eprint/3312/ http://psasir.upm.edu.my/id/eprint/3312/1/The%20relevance%20of%20financial%20development%20for%20economic%20growth.pdf |
| _version_ | 1848839495130021888 |
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| author | Wan Ngah, Wan Azman Saini Habibullah, Muzafar Shah Mohamed, Azali |
| author_facet | Wan Ngah, Wan Azman Saini Habibullah, Muzafar Shah Mohamed, Azali |
| author_sort | Wan Ngah, Wan Azman Saini |
| building | UPM Institutional Repository |
| collection | Online Access |
| description | 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. |
| first_indexed | 2025-11-15T07:12:21Z |
| format | Article |
| id | upm-3312 |
| institution | Universiti Putra Malaysia |
| institution_category | Local University |
| language | English |
| last_indexed | 2025-11-15T07:12:21Z |
| publishDate | 2000 |
| publisher | Universiti Putra Malaysia Press |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | upm-33122015-10-22T02:58:50Z http://psasir.upm.edu.my/id/eprint/3312/ The relevance of financial development for economic growth: a bounds test approach Wan Ngah, Wan Azman Saini Habibullah, Muzafar Shah Mohamed, Azali 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. Universiti Putra Malaysia Press 2000-03 Article PeerReviewed application/pdf en http://psasir.upm.edu.my/id/eprint/3312/1/The%20relevance%20of%20financial%20development%20for%20economic%20growth.pdf 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; ESSN: 2231-8534 http://www.pertanika.upm.edu.my/view_archives.php?journal=JSSH-8-1-3 |
| spellingShingle | Wan Ngah, Wan Azman Saini Habibullah, Muzafar Shah Mohamed, Azali The relevance of financial development for economic growth: a bounds test approach |
| title | The relevance of financial development for economic growth: a bounds test approach |
| title_full | The relevance of financial development for economic growth: a bounds test approach |
| title_fullStr | The relevance of financial development for economic growth: a bounds test approach |
| title_full_unstemmed | The relevance of financial development for economic growth: a bounds test approach |
| title_short | The relevance of financial development for economic growth: a bounds test approach |
| title_sort | relevance of financial development for economic growth: a bounds test approach |
| url | http://psasir.upm.edu.my/id/eprint/3312/ http://psasir.upm.edu.my/id/eprint/3312/ http://psasir.upm.edu.my/id/eprint/3312/1/The%20relevance%20of%20financial%20development%20for%20economic%20growth.pdf |