Financial Development, Financial Sector Policies and Growth: Evidence from India

Sethi, Pradeepta (2017) Financial Development, Financial Sector Policies and Growth: Evidence from India. journal of Economic Research, 22. pp. 63-88.

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Abstract

This paper examines the dynamic relationship between financial development and economic growth in India. Using annual data from 1980 to 2014, we find evidence of a long-run relationship between financial development and economic growth. Financial sector policies embraced by the Government of India have enlarged the financial system, however we could not find substantial effect of these policies on the long-run growth process. Our causality test results show that the economic growth process exerts a uni-directional causal effect on the evelopment of the financial system in India supporting the demand-following hypothesis

Item Type:	Article
Uncontrolled Keywords:	financial development; financial sector policies; eco- nomic growth; India; ARDL model
Subjects:	?? Finance ??
Divisions:	Finance and Strategy
Depositing User:	Mr. Muralidhara D
Date Deposited:	15 Sep 2018 10:26
Last Modified:	11 Jan 2019 10:20
URI:	http://tapmi.informaticsglobal.com/id/eprint/92

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