Development of banking sector and economic growth: the ARF experience

Please use this identifier to cite or link to this item: https://ir.iimcal.ac.in:8443/jspui/handle/123456789/3092

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 p.245-259 Issue Editor – R. Rajesh Babu
URI:	https://doi.org/10.1007/s40622-014-0056-y https://ir.iimcal.ac.in:8443/jspui/handle/123456789/3092
ISSN:	0304-0941 (print version) ; 2197-1722 (electronic version)
Appears in Collections:	Issue 3, September 2014

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