The Effects of Financial Development on Economic Growth in Pakistan

Authors

  • Sumaira Bibi National College of Business Administration & Economics Multan Campus Author
  • Syed Wahid Ali Shah National College of Business Administration & Economics Multan Campus Author
  • Nadia National College of Business Administration & Economics Multan Campus Author

Keywords:

Financial Development, Granger Causality, GDP

Abstract

The aim of the present study is to analyses the relationship between Pakistan's financial development and economic growth. Annual data are used by the study from 1985 to 2017. Ordinary least square methodology is utilized by the study. The result indicates that there is a positive and important impact of domestic investment on economic growth. The interaction effect of trade openness can create the strong relationship among financial development (Broad money supply and Domestic credit provided by financial sector) and economic growth (GDP).

Downloads

Published

2018-06-30

Issue

Vol. 1 No. 2 (2018): Meritorious Journal of Social Sciences and Management

Section

Articles

License

Copyright (c) 2018 Sumaira Bibi, Syed Wahid Ali Shah, Nadia (Author)

Creative Commons License

This work is licensed under a Creative Commons Attribution 4.0 International License.