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Title: Development of banking sector and economic growth: the ARF experience
Authors: Pradhan, Rudra Prakash
Tripathy, Sasikanta
Chatterjee, Debaleena
Zaki, Danish B.
Mukhopadhyay, Bidisha
Keywords: PCA
Panel VAR
Banking sector
Economic growth
Granger causality
Issue Date: Sep-2014
Publisher: Indian Institute of Management Calcutta, Kolkata
Series/Report no.: Vol.41;No.3
Abstract: The paper examines the long-run relationship between banking sector development and economic growth in 25 ARF countries for the period 1960–2012. Using principal component analysis for the construction of development index and vector auto-regressive model for testing the Granger causalities, the study finds the presence of both unidirectional and bidirectional causality between banking sector development and economic growth. The policy implication of this study is that the economic policies should recognize the differences in the banking sector development and economic growth in order to maintain sustainable development in the 25 ARF countries.
Description: Rudra P. Pradhan, Sasikanta Tripathy, Debaleena Chatterjee, Danish B. Zaki & Bidisha Mukhopadhyay, Vinod Gupta School of Management, Indian Institute of Technology, Kharagpur, 721302, WB, India
Issue Editor – R. Rajesh Babu
ISSN: 0304-0941 (print version) ; 2197-1722 (electronic version)
Appears in Collections:Issue 3, September 2014

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