DOIONLINE

DOIONLINE NO - IJMAS-IRAJ-DOIONLINE-13039

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International Journal of Management and Applied Science (IJMAS)-IJMAS
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Volume Issue
Issue
Volume-4,Issue-7  ( Jul, 2018 )
Paper Title
Financial Development and Economic Growth: Evidence from Panel Cointegration Tests and Generalized Impulse Response Analysis
Author Name
Uyanga Gantumur
Affilition
Department of Finance and Information National Kaohsiung University of Science and Technology
Pages
37-38
Abstract
This study investigates the long-run relationship and the inter-temporal link between financial development and economic growth by using panel data of 86 countries both developed and developing over the period 1993-2013. To examine the linkage between financial development and economic growth of the eighty six countries in four income groups used panel unit root test, panel cointegration, FMOLS and generalized impulse response analysis. The result point out that the amount of credit from domestic sources to the private sector a maintained a positively significant to the economic growth.
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