Does Financial Sector Promote Economic Growth in Pakistan? Empirical Evidences From Markov Switching Model
This study investigates the financial development–economic growth relationship in Pakistan over the period 1975–2017 using the Markov Switching methodology. The financial development index has been constructed using the principal component analysis. Unexpectedly, the empirical result shows that fina...
| Main Authors: | , , |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
SAGE Publishing
2020-10-01
|
| Series: | SAGE Open |
| Online Access: | https://doi.org/10.1177/2158244020963064 |