An empirical investigation of banking sector development and economic growth in a panel of selected SAARC countries
This study examine the relationship between banking sector development and economic growth in South Asian Association for Regional Cooperation (SAARC) over the period of 1980-2013 by entailing ordinary least square (OLS), two stages least square (TSLS), and panel TSLS fixed-effect model. Key banking...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
General Association of Economists from Romania
2016-06-01
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| Series: | Theoretical and Applied Economics |
| Subjects: | |
| Online Access: |
http://store.ectap.ro/articole/1182.pdf
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| _version_ | 1818358742335356928 |
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| author | Javed AHMED Malik Fahim BASHIR |
| author_facet | Javed AHMED Malik Fahim BASHIR |
| author_sort | Javed AHMED |
| collection | DOAJ |
| description | This study examine the relationship between banking sector development and
economic growth in South Asian Association for Regional Cooperation (SAARC) over the
period of 1980-2013 by entailing ordinary least square (OLS), two stages least square
(TSLS), and panel TSLS fixed-effect model. Key banking sector development variables
include money and quasi money (RQM) and domestic credit to private sector by banks (PC)
have a positive and statistically robust effect on economic growth in all models. The study
concludes that no economy can develop without a substantial growth in the banking sector
and it is important to have a sound and rigorous banking system for building a sustained
economic growth. Therefore, the SAARC economies are suggested to focus on the
development of the banking sector for their long run growth. |
| first_indexed | 2024-12-13T20:33:50Z |
| format | Article |
| id | doaj.art-48f04ad0a5a84da5a2e816f297edae2a |
| institution | Directory Open Access Journal |
| issn | 1841-8678 1844-0029 |
| language | English |
| last_indexed | 2024-12-13T20:33:50Z |
| publishDate | 2016-06-01 |
| publisher | General Association of Economists from Romania |
| record_format | Article |
| series | Theoretical and Applied Economics |
| spelling | doaj.art-48f04ad0a5a84da5a2e816f297edae2a2022-12-21T23:32:20ZengGeneral Association of Economists from RomaniaTheoretical and Applied Economics1841-86781844-00292016-06-01XXIII2657218418678An empirical investigation of banking sector development and economic growth in a panel of selected SAARC countriesJaved AHMED0Malik Fahim BASHIR1 COMSATS Institute of Information Technology, Abbottabad, Pakistan COMSATS Institute of Information Technology, Abbottabad, Pakistan This study examine the relationship between banking sector development and economic growth in South Asian Association for Regional Cooperation (SAARC) over the period of 1980-2013 by entailing ordinary least square (OLS), two stages least square (TSLS), and panel TSLS fixed-effect model. Key banking sector development variables include money and quasi money (RQM) and domestic credit to private sector by banks (PC) have a positive and statistically robust effect on economic growth in all models. The study concludes that no economy can develop without a substantial growth in the banking sector and it is important to have a sound and rigorous banking system for building a sustained economic growth. Therefore, the SAARC economies are suggested to focus on the development of the banking sector for their long run growth. http://store.ectap.ro/articole/1182.pdf Banking Sector DevelopmentEconomic GrowthSAARC |
| spellingShingle | Javed AHMED Malik Fahim BASHIR An empirical investigation of banking sector development and economic growth in a panel of selected SAARC countries Theoretical and Applied Economics Banking Sector Development Economic Growth SAARC |
| title | An empirical investigation of banking sector development and economic growth in a panel of selected SAARC countries |
| title_full | An empirical investigation of banking sector development and economic growth in a panel of selected SAARC countries |
| title_fullStr | An empirical investigation of banking sector development and economic growth in a panel of selected SAARC countries |
| title_full_unstemmed | An empirical investigation of banking sector development and economic growth in a panel of selected SAARC countries |
| title_short | An empirical investigation of banking sector development and economic growth in a panel of selected SAARC countries |
| title_sort | empirical investigation of banking sector development and economic growth in a panel of selected saarc countries |
| topic | Banking Sector Development Economic Growth SAARC |
| url |
http://store.ectap.ro/articole/1182.pdf
|
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