An Investigation of the Effectiveness of Financial Development in Pakistan

dc.contributor.author	Muhammad Tahir
dc.date.accessioned	2014-08-14T04:26:09Z
dc.date.available	2014-08-14T04:26:09Z
dc.date.issued	2008-12
dc.identifier.citation	The Lahore Journal of Economics Volume 13, No.2	en_US
dc.identifier.issn	1811-5438
dc.identifier.uri	http://121.52.153.179/Volume.html
dc.identifier.uri	http://hdl.handle.net/123456789/5725
dc.description	PP.18 ;ill	en_US
dc.description.abstract	This study attempts to discern the relationship between economic and financial development in Pakistan for the period 1973 - 2006. Vector error-correction modeling is used to identify the causality between economic and financial development and the exogeneity of the variable(s) in the model. These error correction terms have been derived from Johansen’s multivariate cointegrating procedure. Results indicate that, in the long run, economic development causes financial development. Furthermore, the real output variable is found to be exogenous. Thus, financial development is seen to be ineffective in terms of economic development determination in Pakistan.	en_US
dc.language.iso	en	en_US
dc.publisher	© The Lahore School of Economics	en_US
dc.subject	Economic Development	en_US
dc.subject	Financial Development	en_US
dc.subject	Causality	en_US
dc.title	An Investigation of the Effectiveness of Financial Development in Pakistan	en_US
dc.type	Article	en_US