Financial Development and Output Growth: A Panel Study for Asian Countries

Financial Development and Output Growth: A Panel Study for Asian Countries

This paper investigates the relationship between financial markets and output growth for a panel of 27 Asian countries over 1960-2009. It utilizes the recently-developed panel cointegration techniques to test and estimate the long-run equilibrium relationship between real GDP and financial developme...

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Bibliographic Details
Main Author: Sangjoon Jun
Format: Article
Language:English
Published: Korea Institute for International Economic Policy 2012-03-01
Series:East Asian Economic Review
Subjects:
Output Growth
Financial Development
Panel Unit Root and Cointegration
Bi-directional Relationship
Online Access:http://dx.doi.org/10.11644/KIEP.JEAI.2012.16.1.244

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